Aquamarine Zurich AG Cuts Holdings in American Express Company $AXP

Aquamarine Zurich AG lessened its stake in American Express Company (NYSE:AXP) by 69.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,000 shares of the payment services company’s stock after selling 145,000 shares during the period. American Express accounts for 16.1% of Aquamarine Zurich AG’s portfolio, making the stock its 2nd biggest holding. Aquamarine Zurich AG’s holdings in American Express were worth $24,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC lifted its stake in shares of American Express by 1.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company’s stock worth $2,950,095,000 after acquiring an additional 146,586 shares during the period. Capital World Investors increased its stake in shares of American Express by 0.5% during the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after acquiring an additional 24,297 shares during the period. Capital Research Global Investors increased its stake in shares of American Express by 0.7% during the third quarter. Capital Research Global Investors now owns 4,452,660 shares of the payment services company’s stock valued at $1,479,019,000 after acquiring an additional 29,331 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in American Express by 13.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock worth $1,385,188,000 after purchasing an additional 530,967 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in American Express by 27.0% during the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after purchasing an additional 845,283 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling

In other American Express news, insider Denise Pickett sold 23,385 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 7,754 shares of the company’s stock, valued at approximately $2,767,480.14. This represents a 75.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Howard Grosfield sold 8,134 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the completion of the transaction, the insider owned 9,433 shares of the company’s stock, valued at approximately $3,270,704.09. The trade was a 46.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 73,944 shares of company stock worth $26,114,366. Company insiders own 0.20% of the company’s stock.

American Express Price Performance

NYSE AXP opened at $297.47 on Tuesday. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The business’s fifty day moving average is $328.26 and its two-hundred day moving average is $346.80. The stock has a market capitalization of $204.00 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.24 and a beta of 1.15. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59.

American Express (NYSE:AXP) last released 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). The company had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. American Express had a return on equity of 33.49% and a net margin of 15.00%.The business’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a $0.95 dividend. This is a positive change from American Express’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. American Express’s dividend payout ratio is 21.31%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AXP shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, March 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $420.00 price objective on shares of American Express in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Express in a research note on Friday. Evercore set a $393.00 target price on American Express in a report on Tuesday, February 10th. Finally, Wells Fargo & Company boosted their price target on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $352.95.

About American Express

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.