Numerai GP LLC Sells 1,050 Shares of American Express (NYSE:AXP)

Numerai GP LLC trimmed its holdings in American Express (NYSE:AXP - Free Report) by 27.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,715 shares of the payment services company's stock after selling 1,050 shares during the period. Numerai GP LLC's holdings in American Express were worth $806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. 626 Financial LLC raised its holdings in shares of American Express by 9.6% during the fourth quarter. 626 Financial LLC now owns 1,541 shares of the payment services company's stock worth $457,000 after purchasing an additional 135 shares during the last quarter. Sovereign Financial Group Inc. increased its position in shares of American Express by 9.6% during the fourth quarter. Sovereign Financial Group Inc. now owns 1,608 shares of the payment services company's stock valued at $477,000 after acquiring an additional 141 shares during the last quarter. Accurate Wealth Management LLC lifted its position in shares of American Express by 13.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,527 shares of the payment services company's stock worth $742,000 after purchasing an additional 292 shares in the last quarter. Pines Wealth Management LLC acquired a new position in American Express during the 4th quarter worth $594,000. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of American Express by 4.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,207 shares of the payment services company's stock valued at $3,623,000 after acquiring an additional 498 shares during the period. 84.33% of the stock is owned by institutional investors.

American Express Trading Down 1.2%

AXP traded down $3.55 on Tuesday, reaching $295.75. 616,745 shares of the company traded hands, compared to its average volume of 2,833,732. American Express has a one year low of $220.43 and a one year high of $326.28. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The company has a market cap of $207.20 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. The firm has a fifty day simple moving average of $266.96 and a two-hundred day simple moving average of $288.43.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.47 by $0.17. The business had revenue of $16.97 billion during the quarter, compared to analysts' expectations of $17.04 billion. American Express had a net margin of 15.36% and a return on equity of 32.65%. During the same period in the previous year, the business posted $3.33 EPS. As a group, equities research analysts expect that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 4th were given a dividend of $0.82 per share. The ex-dividend date was Friday, April 4th. This represents a $3.28 dividend on an annualized basis and a yield of 1.11%. This is an increase from American Express's previous quarterly dividend of $0.70. American Express's dividend payout ratio is presently 22.91%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AXP shares. HSBC upped their price target on shares of American Express from $270.00 to $294.00 and gave the company a "hold" rating in a report on Friday, January 24th. Compass Point dropped their price objective on American Express from $325.00 to $309.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Citigroup lowered their price target on American Express from $320.00 to $300.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Evercore ISI upped their price objective on American Express from $315.00 to $344.00 and gave the stock an "in-line" rating in a research report on Monday, January 27th. Finally, BTIG Research cut their price target on American Express from $272.00 to $240.00 and set a "sell" rating on the stock in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, American Express presently has an average rating of "Hold" and an average price target of $295.05.

Insider Buying and Selling at American Express

In related news, insider Howard Grosfield sold 9,450 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the completion of the transaction, the insider now directly owns 9,402 shares in the company, valued at $2,590,251. This represents a 50.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Angelakis bought 3,700 shares of American Express stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $269.89 per share, with a total value of $998,593.00. Following the acquisition, the director now directly owns 3,700 shares of the company's stock, valued at approximately $998,593. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate 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.