American Express Company $AXP Shares Sold by Huntington National Bank

Huntington National Bank lessened its stake in American Express Company (NYSE:AXP) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 122,478 shares of the payment services company’s stock after selling 2,723 shares during the quarter. Huntington National Bank’s holdings in American Express were worth $39,068,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in American Express by 1.3% during the first quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after acquiring an additional 605,900 shares during the last quarter. Wellington Management Group LLP increased its stake in American Express by 13.7% during the first quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock worth $4,849,777,000 after acquiring an additional 2,168,445 shares during the last quarter. Nuveen LLC acquired a new stake in American Express during the first quarter worth $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in American Express by 1.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock worth $1,370,489,000 after acquiring an additional 78,538 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in American Express by 25.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock worth $1,278,711,000 after acquiring an additional 965,221 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Transactions 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 stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the transaction, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. The trade was a 54.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the transaction, the insider owned 7,726 shares in the company, valued at $2,709,739.98. This trade represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 160,290 shares of company stock worth $52,364,898 over the last three months. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a research note on Monday, July 14th. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 target price for the company in a report on Tuesday, October 21st. BTIG Research lifted their target price on American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. Wall Street Zen raised American Express from a “hold” rating to a “buy” rating in a report on Saturday. Finally, UBS Group lifted their price target on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $332.65.

American Express Stock Up 0.2%

AXP opened at $361.47 on Tuesday. The business’s 50-day simple moving average is $336.56 and its 200-day simple moving average is $311.54. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. American Express Company has a one year low of $220.43 and a one year high of $365.75. The stock has a market capitalization of $249.00 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) 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 analysts’ expectations of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

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

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.