VisionPoint Advisory Group LLC Has $580,000 Stake in American Express (NYSE:AXP)

VisionPoint Advisory Group LLC trimmed its holdings in shares of American Express (NYSE:AXP) by 16.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,942 shares of the payment services company’s stock after selling 387 shares during the period. VisionPoint Advisory Group LLC’s holdings in American Express were worth $580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in American Express during the 3rd quarter valued at $27,000. Kennebec Savings Bank bought a new position in American Express in the 3rd quarter valued at $29,000. True Wealth Design LLC boosted its position in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Financial Life Planners bought a new position in American Express in the 4th quarter valued at $38,000. Finally, Sierra Ocean LLC bought a new position in American Express in the 4th quarter valued at $40,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Performance

AXP opened at $304.08 on Friday. The business’s 50-day moving average price is $307.68 and its two-hundred day moving average price is $283.79. American Express has a 1 year low of $209.10 and a 1 year high of $326.27. The company has a market capitalization of $213.62 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Equities analysts expect that American Express will post 15.33 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio is 19.99%.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of recent research reports. HSBC increased their price objective on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. William Blair restated an “outperform” rating on shares of American Express in a research report on Monday, January 27th. Royal Bank of Canada raised their price target on American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. Morgan Stanley raised their price target on American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Monday, January 27th. Finally, Truist Financial assumed coverage on American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $296.38.

Insider Buying and Selling at American Express

In related news, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the sale, the insider now owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,664 shares of company stock valued at $9,613,503 in the last 90 days. 0.12% of the stock is currently owned by company insiders.

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.