American Express Company (NYSE:AXP) Shares Sold by Coastline Trust Co

02 Jul 2025, 14:24 by Sarita Garza · The Markets Daily

Coastline Trust Co reduced its stake in American Express Company (NYSE:AXP) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,665 shares of the payment services company’s stock after selling 254 shares during the period. American Express makes up about 0.9% of Coastline Trust Co’s holdings, making the stock its 27th largest holding. Coastline Trust Co’s holdings in American Express were worth $7,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of American Express by 24.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,633 shares of the payment services company’s stock valued at $781,000 after purchasing an additional 525 shares during the last quarter. GHE LLC raised its holdings in shares of American Express by 2.7% in the 4th quarter. GHE LLC now owns 17,021 shares of the payment services company’s stock valued at $5,052,000 after purchasing an additional 447 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of American Express by 47.3% during the fourth quarter. Jones Financial Companies Lllp now owns 37,497 shares of the payment services company’s stock worth $11,129,000 after purchasing an additional 12,035 shares in the last quarter. Finally, LGT Group Foundation increased its holdings in American Express by 3.0% in the fourth quarter. LGT Group Foundation now owns 19,353 shares of the payment services company’s stock valued at $5,744,000 after buying an additional 564 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Howard Grosfield sold 9,450 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the sale, the insider owned 9,402 shares of the company’s stock, valued at approximately $2,590,251. This represents a 50.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of American Express stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the sale, the insider owned 10,919 shares of the company’s stock, valued at approximately $2,889,822.54. This represents a 21.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AXP. Citigroup cut their target price on American Express from $320.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Baird R W upgraded shares of American Express from a “strong sell” rating to a “hold” rating in a report on Friday, March 14th. The Goldman Sachs Group cut their price target on shares of American Express from $367.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Monness Crespi & Hardt lifted their target price on American Express from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Finally, Redburn Atlantic raised American Express from a “sell” rating to a “neutral” rating and decreased their target price for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $296.05.

View Our Latest Stock Report on American Express

American Express Price Performance

Shares of AXP opened at $322.59 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The stock’s 50 day moving average is $291.82 and its two-hundred day moving average is $289.23. The firm has a market capitalization of $226.00 billion, a PE ratio of 22.53, a P/E/G ratio of 1.55 and a beta of 1.25. American Express Company has a twelve month low of $220.43 and a twelve month high of $326.28.

American Express (NYSE:AXP – Get Free Report) last issued its earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.47 by $0.17. The company had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. American Express had a net margin of 15.31% and a return on equity of 32.48%. During the same period in the previous year, the firm earned $3.33 EPS. Research analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, July 3rd. American Express’s dividend payout ratio (DPR) is 22.91%.

American Express Profile

(Free Report)