American Express (NYSE:AXP) is Family Capital Trust Co's 8th Largest Position

Family Capital Trust Co trimmed its position in shares of American Express (NYSE:AXP - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,178 shares of the payment services company's stock after selling 2,457 shares during the period. American Express accounts for approximately 3.7% of Family Capital Trust Co's investment portfolio, making the stock its 8th biggest position. Family Capital Trust Co's holdings in American Express were worth $11,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AXP. Catalina Capital Group LLC grew its stake in 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 during the last quarter. Auxier Asset Management boosted its holdings in shares of American Express by 0.5% in the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company's stock valued at $1,934,000 after buying an additional 35 shares in the last quarter. Abel Hall LLC grew its position in shares of American Express by 3.6% in the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company's stock worth $274,000 after buying an additional 35 shares during the last quarter. Sunflower Bank N.A. grew its position in shares of American Express by 0.9% in the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company's stock worth $1,203,000 after buying an additional 35 shares during the last quarter. Finally, Foster & Motley Inc. raised its stake in shares of American Express by 2.1% during the 4th quarter. Foster & Motley Inc. now owns 1,716 shares of the payment services company's stock worth $509,000 after acquiring an additional 35 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Express

In other news, 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 sale, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the company's stock in a transaction dated 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 owns 13,500 shares of the company's stock, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,664 shares of company stock valued at $9,613,503 in the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on AXP shares. William Blair reaffirmed an "outperform" rating on shares of American Express in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on American Express from $301.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. Evercore ISI increased their price target on American Express from $315.00 to $344.00 and gave the company an "in-line" rating in a research note on Monday, January 27th. Morgan Stanley boosted their price target on American Express from $305.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Monday, January 27th. Finally, StockNews.com downgraded shares of American Express from a "buy" rating to a "hold" rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $296.38.

American Express Stock Performance

American Express stock traded down $3.11 during midday trading on Wednesday, hitting $306.46. 2,238,366 shares of the company were exchanged, compared to its average volume of 2,514,063. American Express has a fifty-two week low of $207.61 and a fifty-two week high of $326.27. The firm has a market capitalization of $215.89 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The business has a fifty day simple moving average of $306.60 and a two-hundred day simple moving average of $281.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 1.67.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts forecast that American Express will post 15.32 earnings per share for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were given a $0.70 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.91%. American Express's dividend payout ratio (DPR) is currently 19.99%.

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.