Banque Cantonale Vaudoise Sells 2,025 Shares of American Express Company $AXP

Banque Cantonale Vaudoise decreased its stake in shares of American Express Company (NYSE:AXP) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,030 shares of the payment services company’s stock after selling 2,025 shares during the period. Banque Cantonale Vaudoise’s holdings in American Express were worth $7,317,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AXP. Trajan Wealth LLC lifted its position in shares of American Express by 30.9% during the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock worth $8,271,000 after buying an additional 5,881 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of American Express by 218.7% in the third quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after acquiring an additional 5,860 shares in the last quarter. ZEGA Investments LLC bought a new position in shares of American Express in the third quarter valued at approximately $1,080,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of American Express by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,598,743 shares of the payment services company’s stock valued at $531,038,000 after acquiring an additional 4,080 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. lifted its holdings in American Express by 11.7% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock worth $27,524,000 after acquiring an additional 8,651 shares during the period. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AXP. The Goldman Sachs Group restated a “buy” rating and issued a $420.00 price objective on shares of American Express in a research note on Tuesday, January 6th. Barclays lifted their target price on American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. UBS Group restated a “neutral” rating and set a $395.00 price target on shares of American Express in a research report on Wednesday, February 4th. Credit Suisse Group set a $328.00 price objective on shares of American Express in a report on Monday, January 12th. Finally, Evercore set a $393.00 price objective on shares of American Express in a research report on Tuesday, February 10th. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Express currently has a consensus rating of “Hold” and a consensus price target of $352.73.

Insider Buying and Selling at American Express

In related news, insider Howard Grosfield sold 8,134 shares of American Express stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $346.73, for a total value of $2,820,301.82. Following the completion of the transaction, the insider directly owned 9,433 shares in the company, valued at approximately $3,270,704.09. The trade was a 46.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Denise Pickett sold 23,385 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the sale, the insider directly owned 7,754 shares in the company, valued at $2,767,480.14. The trade was a 75.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 73,944 shares of company stock worth $26,114,366. 0.20% of the stock is currently owned by company insiders.

American Express Stock Up 1.5%

Shares of NYSE AXP opened at $305.56 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. The stock has a market capitalization of $209.80 billion, a PE ratio of 19.85, a P/E/G ratio of 1.27 and a beta of 1.15. American Express Company has a one year low of $220.43 and a one year high of $387.49. The business’s fifty day moving average price is $349.51 and its 200-day moving average price is $349.60.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The firm had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. During the same period last year, the business posted $3.04 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. This is an increase from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. American Express’s payout ratio is presently 21.31%.

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.