Sienna Gestion Reduces Stock Position in American Express Company $AXP

Sienna Gestion trimmed its holdings in American Express Company (NYSE:AXP) by 97.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,460 shares of the payment services company’s stock after selling 53,805 shares during the period. Sienna Gestion’s holdings in American Express were worth $442,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of American Express in the second quarter worth $1,897,335,000. Laurel Wealth Advisors LLC boosted its stake in American Express by 31,595.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,742,009 shares of the payment services company’s stock valued at $555,666,000 after acquiring an additional 1,736,513 shares during the last quarter. Geode Capital Management LLC grew its holdings in American Express by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after acquiring an additional 1,349,746 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in American Express by 26.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,125,133 shares of the payment services company’s stock worth $988,676,000 after acquiring an additional 646,039 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of American Express by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock worth $14,808,730,000 after purchasing an additional 581,369 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of several research analyst reports. Wall Street Zen cut shares of American Express from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Evercore set a $393.00 price objective on American Express in a report on Tuesday, February 10th. JPMorgan Chase & Co. cut their price objective on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $425.00 target price on shares of American Express in a report on Monday, January 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $420.00 target price on shares of American Express in a research report on Tuesday, January 6th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned 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 $352.73.

American Express Stock Down 2.1%

AXP stock opened at $300.83 on Monday. The stock has a market cap of $206.55 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14. The firm’s 50-day simple moving average is $350.90 and its 200 day simple moving average is $349.62. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $387.49. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The firm had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. During the same period in the previous year, the firm earned $3.04 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be issued a $0.95 dividend. This is a positive change from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.3%. American Express’s dividend payout ratio is currently 24.69%.

Insiders Place Their Bets

In other American Express news, insider Howard Grosfield sold 8,134 shares of American Express stock in a transaction on 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 sale, the insider owned 9,433 shares of the company’s stock, valued at $3,270,704.09. The trade was a 46.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $356.58, for a total value of $5,348,700.00. Following the transaction, the insider owned 8,945 shares of the company’s stock, valued at $3,189,608.10. This trade represents a 62.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 73,944 shares of company stock valued at $26,114,366 in the last quarter. 0.20% of the stock is owned by insiders.

American Express Company 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.