Union Bancaire Privee UBP SA Sells 1,453 Shares of American Express Company $AXP

Key Points

• Union Bancaire Privee UBP SA reduced its holdings in American Express by 90.6% during the second quarter, selling 1,453 shares and leaving it with 150 shares valued at $48,000.
• American Express reported earnings of $4.08 EPS for the last quarter, surpassing estimates, and had a revenue increase of 9.3% year-over-year.
• A quarterly dividend of $0.82 has been declared, with a payment date on November 10th, resulting in an annualized yield of 1.0% for investors.

Union Bancaire Privee UBP SA trimmed its position in American Express Company (NYSE:AXP - Free Report) by 90.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150 shares of the payment services company's stock after selling 1,453 shares during the period. Union Bancaire Privee UBP SA's holdings in American Express were worth $48,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of American Express in the first quarter valued at about $29,000. Hughes Financial Services LLC bought a new stake in American Express during the first quarter worth about $35,000. 1 North Wealth Services LLC bought a new stake in American Express during the first quarter worth about $37,000. IAG Wealth Partners LLC bought a new stake in American Express during the first quarter worth about $40,000. Finally, PFS Partners LLC raised its holdings in American Express by 104.0% during the first quarter. PFS Partners LLC now owns 153 shares of the payment services company's stock worth $41,000 after acquiring an additional 78 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

American Express stock opened at $328.76 on Thursday. American Express Company has a 12 month low of $220.43 and a 12 month high of $349.19. The stock's 50 day moving average is $319.19 and its 200-day moving average is $297.32. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $228.77 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.76 and a beta of 1.29.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating the consensus estimate of $3.86 by $0.22. The company had revenue of $17.86 billion for the quarter, compared to the consensus estimate of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.49 earnings per share. Equities research analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, October 10th. American Express's payout ratio is 23.02%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AXP shares. Truist Financial upped their target price on American Express from $348.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, September 15th. DZ Bank lowered American Express from a "hold" rating to a "sell" rating in a report on Monday, July 21st. Wells Fargo & Company upped their target price on American Express from $350.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Barclays upped their target price on American Express from $249.00 to $297.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, Evercore ISI upped their target price on American Express from $330.00 to $365.00 and gave the stock an "in-line" rating in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Express has a consensus rating of "Hold" and a consensus price target of $319.95.

Insiders Place Their Bets

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the completion of the sale, the insider directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. The trade was a 15.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anna Marrs sold 5,500 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the sale, the insider owned 20,311 shares of the company's stock, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 269,996 shares of company stock valued at $85,261,270 in the last quarter. Company insiders own 0.20% of the company's stock.

American Express Profile

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.

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