American Express Company $AXP Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its holdings in shares of American Express Company (NYSE:AXP) by 2.9% during the 2nd quarter, Holdings Channel reports. The fund owned 349,888 shares of the payment services company’s stock after selling 10,530 shares during the period. Keybank National Association OH’s holdings in American Express were worth $111,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Briaud Financial Planning Inc bought a new stake in shares of American Express during the second quarter valued at about $26,000. Chung Wu Investment Group LLC acquired a new position in American Express during the 2nd quarter valued at about $37,000. Solstein Capital LLC bought a new stake in shares of American Express during the 2nd quarter worth about $39,000. Hughes Financial Services LLC acquired a new stake in American Express in the first quarter worth approximately $35,000. Finally, Proffitt & Goodson Inc. bought a new position in American Express during the 2nd quarter valued at $41,000. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

AXP opened at $357.99 on Thursday. The firm has a market capitalization of $246.60 billion, a P/E ratio of 24.03, a PEG ratio of 1.92 and a beta of 1.29. The stock has a fifty day moving average of $333.81 and a 200-day moving average of $308.93. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. American Express Company has a 12-month low of $220.43 and a 12-month high of $362.84.

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

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio is 22.01%.

Insider Buying and Selling at American Express

In other American Express news, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the completion of the sale, the insider owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This trade represents a 39.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the transaction, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 222,011 shares of company stock valued at $70,725,044 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AXP. Keefe, Bruyette & Woods boosted their price objective on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. UBS Group raised their price objective on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Express presently has an average rating of “Hold” and an average price target of $332.65.

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.