J. Safra Sarasin Holding AG Has $470,000 Stock Position in American Express Company $AXP

J. Safra Sarasin Holding AG lessened its stake in American Express Company (NYSE:AXP) by 84.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,474 shares of the payment services company’s stock after selling 7,956 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in American Express were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. Brighton Jones LLC increased its position in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after acquiring an additional 1,273 shares in the last quarter. Magnus Financial Group LLC increased its position in American Express by 5.8% in the 1st quarter. Magnus Financial Group LLC now owns 4,651 shares of the payment services company’s stock valued at $1,251,000 after acquiring an additional 253 shares in the last quarter. Procyon Advisors LLC increased its position in American Express by 8.1% in the 1st quarter. Procyon Advisors LLC now owns 9,022 shares of the payment services company’s stock valued at $2,427,000 after acquiring an additional 677 shares in the last quarter. Constitution Capital LLC increased its position in American Express by 7.4% in the 1st quarter. Constitution Capital LLC now owns 13,315 shares of the payment services company’s stock valued at $3,582,000 after acquiring an additional 915 shares in the last quarter. Finally, Tower Wealth Partners Inc. boosted its stake in shares of American Express by 18.3% in the 1st quarter. Tower Wealth Partners Inc. now owns 2,222 shares of the payment services company’s stock valued at $598,000 after purchasing an additional 344 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Monness Crespi & Hardt lowered shares of American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Truist Financial lifted their price objective on shares of American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Evercore ISI lifted their price objective on shares of American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday. Finally, Citigroup reissued a “neutral” rating and set a $327.00 price objective (up previously from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Eight analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $319.95.

Insider Buying and Selling at American Express

In related news, insider Glenda G. Mcneal sold 50,000 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the transaction, the insider directly owned 10,957 shares in the company, valued at approximately $3,391,191.50. The trade was a 82.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the transaction, the chief executive officer owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 269,996 shares of company stock valued at $85,261,270 in the last 90 days. Company insiders own 0.20% of the company’s stock.

American Express Price Performance

NYSE AXP opened at $330.10 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 1.80. American Express Company has a 12-month low of $220.43 and a 12-month high of $349.19. The company has a market capitalization of $229.71 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.75 and a beta of 1.29. The firm’s 50 day moving average is $320.01 and its 200-day moving average is $298.43.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.86 by $0.22. American Express had a net margin of 14.78% and a return on equity of 32.87%. The company had revenue of $17.86 billion for the quarter, compared to the consensus estimate of $17.70 billion. During the same period last year, the company earned $3.49 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, October 10th. American Express’s payout ratio is presently 23.02%.

American Express Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.