American Express Company $AXP Holdings Decreased by Heard Capital LLC

Heard Capital LLC lowered its stake in shares of American Express Company (NYSE:AXP) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,995 shares of the payment services company’s stock after selling 16,470 shares during the quarter. American Express comprises approximately 6.4% of Heard Capital LLC’s investment portfolio, making the stock its 9th largest holding. Heard Capital LLC’s holdings in American Express were worth $123,125,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in shares of American Express by 2.2% in 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 acquiring an additional 49,593 shares during the last quarter. Dempze Nancy E lifted its position 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 purchasing an additional 2,344 shares during the period. Reliant Investment Management LLC boosted its holdings in 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 purchasing an additional 480 shares during the last quarter. SLT Holdings LLC grew its position in American Express by 31.3% during the 2nd quarter. SLT Holdings LLC now owns 1,008 shares of the payment services company’s stock worth $322,000 after purchasing an additional 240 shares during the period. Finally, New York Life Investment Management LLC raised its stake in shares of American Express by 0.9% during the 2nd quarter. New York Life Investment Management LLC now owns 82,883 shares of the payment services company’s stock valued at $26,438,000 after buying an additional 764 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the sale, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at $30,825,691.17. The trade was a 36.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Douglas Tabish sold 2,515 shares of the stock in a transaction 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 directly owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. This represents a 50.00% 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 57,515 shares of company stock worth $20,658,509. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen downgraded American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings restated a “buy (b-)” rating on shares of American Express in a research report on Monday. Truist Financial lifted their target price on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a report on Monday, October 20th. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 target price for the company in a research note on Tuesday, October 21st. Finally, Compass Point restated a “neutral” rating and set a $324.00 price target on shares of American Express in a research report on Monday, October 20th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $332.65.

American Express Trading Down 0.7%

Shares of NYSE:AXP opened at $382.14 on Friday. The business’s 50 day moving average price is $354.78 and its 200-day moving average price is $328.10. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The firm has a market capitalization of $263.23 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.74 and a beta of 1.14. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59.

American Express (NYSE:AXP) last issued 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 net margin of 14.97% and a return on equity of 33.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, October 10th. 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%.

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.