Allianz SE Sells 430 Shares of American Express Company $AXP

Allianz SE cut its stake in American Express Company (NYSE:AXP) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,872 shares of the payment services company’s stock after selling 430 shares during the period. American Express makes up 1.0% of Allianz SE’s holdings, making the stock its 19th largest position. Allianz SE’s holdings in American Express were worth $41,746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AXP. R Squared Ltd acquired a new stake in American Express during the first quarter worth approximately $509,000. Mackenzie Financial Corp lifted its position in shares of American Express by 6.6% during the 1st quarter. Mackenzie Financial Corp now owns 60,634 shares of the payment services company’s stock worth $16,314,000 after buying an additional 3,776 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of American Express by 2.2% during the 2nd quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock valued at $721,525,000 after purchasing an additional 49,593 shares during the last quarter. Dempze Nancy E boosted its holdings in shares of American Express by 210.2% during the 2nd quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock valued at $1,103,000 after acquiring an additional 2,344 shares in the last quarter. Finally, Reliant Investment Management LLC increased its position in American Express by 1.9% in the 2nd quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock valued at $8,354,000 after acquiring an additional 480 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Up 0.6%

NYSE:AXP opened at $372.49 on Thursday. The firm has a 50-day moving average price of $342.22 and a two-hundred day moving average price of $316.58. 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 52 week low of $220.43 and a 52 week high of $377.23. The firm has a market cap of $256.59 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27.

American Express (NYSE:AXP) last announced 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. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of $18.43 billion during the quarter, compared to the consensus estimate of $18.03 billion. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, October 10th. American Express’s payout ratio is currently 22.01%.

Insiders Place Their Bets

In related news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the sale, the insider directly owned 2,515 shares in the company, valued at $894,359.15. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 193,292 shares of company stock worth $65,363,878 in the last three months. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

AXP has been the topic of a number of analyst reports. UBS Group upped their price objective on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Barclays increased their target price on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. DZ Bank raised shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price target for the company in a research note on Tuesday, October 21st. Wells Fargo & Company increased their price objective on shares of American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. boosted their target price on American Express from $343.00 to $355.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, American Express has an average rating of “Hold” and an average price target of $332.65.

About American Express

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.