Paradigm Asset Management Co. LLC Lowers Holdings in American Express Company $AXP

Paradigm Asset Management Co. LLC cut its holdings in American Express Company (NYSE:AXP) by 33.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,600 shares of the payment services company’s stock after selling 800 shares during the period. Paradigm Asset Management Co. LLC’s holdings in American Express were worth $510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Access Investment Management LLC purchased a new position in shares of American Express during the 2nd quarter valued at $26,000. Briaud Financial Planning Inc bought a new position in shares of American Express in the second quarter worth about $26,000. Chung Wu Investment Group LLC bought a new stake in American Express during the 2nd quarter valued at approximately $37,000. Solstein Capital LLC bought a new position in American Express in the 2nd quarter worth approximately $39,000. Finally, Hughes Financial Services LLC purchased a new stake in American Express during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Wall Street Zen lowered American Express from a “buy” rating to a “hold” rating in a research note on Sunday. Morgan Stanley increased their target price on American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective for the company in a report on Tuesday, October 21st. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $332.65.

American Express Stock Up 0.9%

Shares of AXP opened at $368.90 on Friday. The firm has a market cap of $254.12 billion, a P/E ratio of 24.76, a PEG ratio of 1.90 and a beta of 1.27. The company has a current ratio of 1.61, a quick ratio of 1.59 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 $370.00. The stock’s 50 day moving average is $339.73 and its two-hundred day moving average is $314.36.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The firm had revenue of $18.43 billion for the quarter, compared to the consensus estimate 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 was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

Insider Transactions at American Express

In related news, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the transaction, the insider owned 2,515 shares in the company, valued at approximately $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 92,810 shares in the company, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 193,292 shares of company stock worth $65,363,878. 0.20% of the stock is owned by corporate insiders.

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.