Hall Laurie J Trustee Sells 320 Shares of American Express (NYSE:AXP)

Hall Laurie J Trustee trimmed its stake in American Express (NYSE:AXP) by 25.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 944 shares of the payment services company’s stock after selling 320 shares during the period. Hall Laurie J Trustee’s holdings in American Express were worth $280,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AXP. Geode Capital Management LLC raised its holdings in American Express by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock valued at $3,104,735,000 after acquiring an additional 86,100 shares in the last quarter. FMR LLC raised its stake in shares of American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after purchasing an additional 866,110 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in American Express by 5.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock worth $1,249,415,000 after purchasing an additional 239,173 shares during the period. Janus Henderson Group PLC boosted its stake in American Express by 0.8% during the third quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock worth $1,074,168,000 after buying an additional 33,193 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in American Express by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock valued at $655,137,000 after buying an additional 247,864 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity at American Express

In related news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. The trade was a 41.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,998 shares of company stock worth $26,423,439. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

AXP has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. BTIG Research downgraded American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a report on Tuesday, October 8th. UBS Group increased their target price on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Evercore ISI boosted their price target on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research note on Monday, October 7th. Finally, Truist Financial started coverage on American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $278.09.

American Express Stock Up 0.4 %

Shares of NYSE AXP opened at $312.75 on Monday. American Express has a 1 year low of $177.81 and a 1 year high of $315.40. The firm’s 50-day moving average is $299.26 and its 200-day moving average is $271.98. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $220.32 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. The firm had revenue of $16.64 billion for the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $3.30 earnings per share. Equities analysts expect that American Express will post 13.48 EPS for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

American Express Company 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.