Mutual of America Capital Management LLC Has $19.79 Million Stock Position in American Express (NYSE:AXP)

Mutual of America Capital Management LLC reduced its holdings in American Express (NYSE:AXP) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 66,670 shares of the payment services company’s stock after selling 2,491 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Express were worth $19,787,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AXP. Mutual Advisors LLC increased its position in shares of American Express by 11.3% during the third quarter. Mutual Advisors LLC now owns 7,849 shares of the payment services company’s stock worth $2,119,000 after buying an additional 794 shares during the period. Financial Advocates Investment Management acquired a new stake in shares of American Express during the third quarter worth $216,000. Principal Securities Inc. increased its position in shares of American Express by 9.5% during the third quarter. Principal Securities Inc. now owns 13,771 shares of the payment services company’s stock worth $3,735,000 after buying an additional 1,193 shares during the period. Focus Financial Network Inc. increased its position in shares of American Express by 2.8% during the third quarter. Focus Financial Network Inc. now owns 5,829 shares of the payment services company’s stock worth $1,581,000 after buying an additional 159 shares during the period. Finally, Nadler Financial Group Inc. increased its position in shares of American Express by 10.3% during the third quarter. Nadler Financial Group Inc. now owns 1,177 shares of the payment services company’s stock worth $319,000 after buying an additional 110 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Express

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’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 completion of the sale, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

American Express Stock Up 2.2 %

American Express stock opened at $300.77 on Friday. American Express has a 1-year low of $214.51 and a 1-year high of $326.27. The firm has a market capitalization of $211.30 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.41 and a beta of 1.24. The firm’s fifty day moving average price is $307.44 and its two-hundred day moving average price is $286.43. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share 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%. On average, equities research analysts predict that American Express will post 15.33 earnings per share for the current fiscal 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 given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s payout ratio is currently 19.99%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AXP. Compass Point decreased their price objective on shares of American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Royal Bank of Canada increased their target price on shares of American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Evercore ISI increased their target price on shares of American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Finally, Citigroup increased their target price on shares of American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $296.38.

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.