American Express (NYSE:AXP) Shares Sold by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC trimmed its position in American Express (NYSE:AXP) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,082 shares of the payment services company’s stock after selling 82 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in American Express were worth $2,102,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AXP. International Assets Investment Management LLC lifted its position in American Express by 26,783.5% in the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after purchasing an additional 906,353 shares during the period. FMR LLC lifted its position in shares of American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after acquiring an additional 866,110 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in shares of American Express by 59,816.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after acquiring an additional 681,304 shares during the last quarter. World Investment Advisors LLC lifted its position in shares of American Express by 35,213.7% during the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after acquiring an additional 316,219 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of American Express by 73.7% during the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after acquiring an additional 300,138 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Up 1.3 %

Shares of NYSE:AXP opened at $311.37 on Friday. The stock has a market capitalization of $219.34 billion, a PE ratio of 22.22, a P/E/G ratio of 1.50 and a beta of 1.24. American Express has a 1 year low of $209.10 and a 1 year high of $326.27. The firm has a fifty day moving average price of $306.96 and a 200 day moving average price of $282.04. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Analysts expect that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio (DPR) is 19.99%.

Insider Buying and Selling at American Express

In other American Express news, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the sale, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the sale, the insider now owns 13,500 shares of the company’s stock, valued at $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock worth $9,613,503 over the last ninety days. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AXP. TD Cowen increased their price objective on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Citigroup boosted their target price on shares of American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their target price on shares of American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Truist Financial assumed coverage on shares of American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, American Express presently has an average rating of “Hold” and an average target price of $296.38.

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.