BDF Gestion Trims Stake in American Express Company $AXP

BDF Gestion reduced its stake in American Express Company (NYSE:AXP) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,892 shares of the payment services company’s stock after selling 2,682 shares during the quarter. BDF Gestion’s holdings in American Express were worth $4,282,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Nordea Investment Management AB lifted its stake 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 buying an additional 49,593 shares in the last quarter. Dempze Nancy E raised its holdings in American Express by 210.2% during the second 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 during the period. Reliant Investment Management LLC lifted its position in shares of American Express by 1.9% in the second 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 in the last quarter. SLT Holdings LLC lifted its position in shares of American Express by 31.3% in the second quarter. SLT Holdings LLC now owns 1,008 shares of the payment services company’s stock valued at $322,000 after acquiring an additional 240 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its stake in shares of American Express by 0.9% in the second quarter. New York Life Investment Management LLC now owns 82,883 shares of the payment services company’s stock worth $26,438,000 after acquiring an additional 764 shares during the period. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the sale, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. This trade represents a 36.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 7,726 shares in the company, valued at $2,709,739.98. The trade was a 39.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,515 shares of company stock worth $20,658,509 over the last three months. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

AXP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Wall Street Zen cut shares of American Express from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Wolfe Research assumed coverage on shares of American Express in a report on Monday, December 8th. They issued a “peer perform” rating on the stock. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, HSBC set a $295.00 price target on shares of American Express and gave the company a “hold” rating in a report on Friday, October 10th. Eight research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $334.30.

American Express Stock Performance

Shares of NYSE:AXP opened at $376.40 on Friday. The firm has a fifty day simple moving average of $360.14 and a two-hundred day simple moving average of $331.01. American Express Company has a 52 week low of $220.43 and a 52 week high of $387.49. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $259.28 billion, a P/E ratio of 25.26, a PEG ratio of 1.79 and a beta of 1.14.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.98 by $0.16. The company had revenue of $17.14 billion during 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%.The firm’s revenue was up 11.0% on a year-over-year basis. 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. On average, analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 2nd will be given a $0.82 dividend. The ex-dividend date is Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s dividend payout ratio (DPR) is currently 22.01%.

American Express Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.