Whittier Trust Co. of Nevada Inc. Sells 433 Shares of American Express Company $AXP

Whittier Trust Co. of Nevada Inc. lessened its position in shares of American Express Company (NYSE:AXP) by 1.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,896 shares of the payment services company’s stock after selling 433 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in American Express were worth $11,769,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Maj Invest Holding A S increased its stake in American Express by 17.7% in the second quarter. Maj Invest Holding A S now owns 518,279 shares of the payment services company’s stock valued at $165,321,000 after purchasing an additional 78,058 shares in the last quarter. Klingman & Associates LLC increased its stake in American Express by 107.5% in the second quarter. Klingman & Associates LLC now owns 1,724 shares of the payment services company’s stock valued at $550,000 after purchasing an additional 893 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in American Express by 903.6% in the second quarter. Pittenger & Anderson Inc. now owns 21,658 shares of the payment services company’s stock valued at $6,908,000 after purchasing an additional 19,500 shares in the last quarter. Phoenix Financial Ltd. increased its stake in American Express by 121.9% in the second quarter. Phoenix Financial Ltd. now owns 1,891 shares of the payment services company’s stock valued at $603,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC increased its stake in American Express by 16.7% in the second quarter. Avidian Wealth Enterprises LLC now owns 2,256 shares of the payment services company’s stock valued at $720,000 after purchasing an additional 323 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In related news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anna Marrs sold 5,500 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the transaction, the insider owned 20,311 shares in the company, valued at approximately $6,312,049.47. This trade represents a 21.31% 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 quarter. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on AXP. William Blair reaffirmed an “outperform” rating on shares of American Express in a research note on Wednesday, July 2nd. Citigroup reaffirmed a “neutral” rating and issued a $327.00 price target (up from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Monness Crespi & Hardt downgraded shares of American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods lifted their price target on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target 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. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $332.26.

American Express Stock Up 0.7%

Shares of NYSE AXP opened at $349.21 on Tuesday. The stock has a market capitalization of $243.01 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.81 and a beta of 1.29. The company has a 50-day moving average price of $326.69 and a 200-day moving average price of $303.47. American Express Company has a 1 year low of $220.43 and a 1 year high of $350.22. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.71 and a quick ratio of 1.69.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.16. The firm had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities research analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s payout ratio is 22.01%.

American Express Company 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.