Addison Advisors LLC Has $169,000 Stock Position in American Express (NYSE:AXP)

Addison Advisors LLC lowered its holdings in shares of American Express (NYSE:AXP) by 8.4% during the fourth quarter, Holdings Channel reports. The firm owned 570 shares of the payment services company’s stock after selling 52 shares during the period. Addison Advisors LLC’s holdings in American Express were worth $169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC boosted its stake in American Express by 1.6% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock worth $636,000 after purchasing an additional 33 shares during the period. Catalina Capital Group LLC lifted its holdings in shares of American Express by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after purchasing an additional 34 shares in the last quarter. Boston Financial Mangement LLC boosted its position in shares of American Express by 0.9% during the fourth quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock worth $1,189,000 after buying an additional 34 shares during the period. Auxier Asset Management grew its holdings in shares of American Express by 0.5% during the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after buying an additional 35 shares in the last quarter. Finally, Abel Hall LLC raised its position in American Express by 3.6% in the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AXP. Compass Point reduced their price target on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. StockNews.com cut shares of American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Evercore ISI lifted their price target on shares of American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods increased their price objective on shares of American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Finally, Truist Financial began coverage on American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, American Express presently has an average rating of “Hold” and an average target price of $296.38.

American Express Price Performance

NYSE:AXP opened at $293.12 on Wednesday. The company has a market cap of $205.93 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.41 and a beta of 1.24. The firm’s fifty day moving average price is $307.21 and its two-hundred day moving average price is $285.86. American Express has a one year low of $213.25 and a one year high of $326.27. 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 announced its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating 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%. Equities analysts expect that American Express will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.96%. American Express’s payout ratio is currently 19.99%.

Insider Activity at American Express

In other American Express news, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the sale, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. The trade was a 38.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the transaction, the insider now directly owns 13,500 shares in the company, valued at $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

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.