American Express (NYSE:AXP) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC lessened its position in American Express (NYSE:AXPFree Report) by 13.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,046 shares of the payment services company’s stock after selling 921 shares during the period. Mutual Advisors LLC’s holdings in American Express were worth $1,133,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bison Wealth LLC lifted its stake in American Express by 2.1% during the second quarter. Bison Wealth LLC now owns 20,444 shares of the payment services company’s stock valued at $3,561,000 after purchasing an additional 416 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of American Express by 25.0% in the 3rd quarter. National Bank of Canada FI now owns 499,340 shares of the payment services company’s stock worth $74,584,000 after acquiring an additional 99,813 shares during the last quarter. Beutel Goodman & Co Ltd. raised its position in shares of American Express by 7.6% during the second quarter. Beutel Goodman & Co Ltd. now owns 1,785,141 shares of the payment services company’s stock worth $310,971,000 after purchasing an additional 125,990 shares during the period. GYL Financial Synergies LLC raised its position in shares of American Express by 1.0% during the third quarter. GYL Financial Synergies LLC now owns 23,987 shares of the payment services company’s stock worth $3,579,000 after purchasing an additional 242 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of American Express by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 1,574,663 shares of the payment services company’s stock valued at $294,856,000 after purchasing an additional 102,132 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other news, CEO Stephen J. Squeri sold 69,356 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the completion of the sale, the chief executive officer now owns 122,158 shares in the company, valued at $26,022,097.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Stephen J. Squeri sold 69,356 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $213.02, for a total value of $14,774,215.12. Following the transaction, the chief executive officer now owns 122,158 shares of the company’s stock, valued at approximately $26,022,097.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laureen Seeger sold 84,420 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $212.98, for a total transaction of $17,979,771.60. Following the sale, the insider now directly owns 57,512 shares of the company’s stock, valued at $12,248,905.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 172,047 shares of company stock worth $36,528,388. Insiders own 0.12% of the company’s stock.

American Express Trading Down 0.0 %

Shares of American Express stock opened at $225.92 on Tuesday. The stock has a market capitalization of $163.54 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 1.27 and a beta of 1.23. American Express has a 12-month low of $140.91 and a 12-month high of $231.69. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.71. The company has a 50-day simple moving average of $209.17 and a 200 day simple moving average of $179.35.

American Express (NYSE:AXPGet Free Report) last announced its earnings results on Friday, January 26th. The payment services company reported $2.62 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.02). American Express had a return on equity of 30.99% and a net margin of 13.84%. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16 billion. During the same quarter in the previous year, the company posted $2.07 EPS. American Express’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts expect that American Express will post 12.83 earnings per share for the current fiscal year.

American Express Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s dividend payout ratio is 21.41%.

Wall Street Analyst Weigh In

AXP has been the subject of several research analyst reports. DZ Bank downgraded shares of American Express from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Morgan Stanley downgraded American Express from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $212.00 to $222.00 in a report on Thursday, February 8th. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Robert W. Baird cut American Express from a “neutral” rating to an “underperform” rating and set a $190.00 target price on the stock. in a research note on Monday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of American Express in a report on Wednesday, January 10th. They set a “buy” rating and a $235.00 price target for the company. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $189.00.

View Our Latest Stock Analysis on AXP

American Express Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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