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

Numerai GP LLC reduced its stake in shares of American Express (NYSE:AXP - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,715 shares of the payment services company's stock after selling 1,050 shares during the quarter. Numerai GP LLC's holdings in American Express were worth $806,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Sellwood Investment Partners LLC bought a new position in American Express in the fourth quarter worth $33,000. Murphy & Mullick Capital Management Corp purchased a new position in American Express during the fourth quarter valued at $33,000. Curio Wealth LLC bought a new stake in American Express in the fourth quarter worth $37,000. Financial Life Planners purchased a new stake in shares of American Express in the fourth quarter worth $38,000. Finally, Sierra Ocean LLC bought a new position in shares of American Express during the fourth quarter valued at $40,000. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on AXP. Truist Financial cut their price objective on shares of American Express from $340.00 to $315.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley upped their target price on shares of American Express from $305.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Monday, January 27th. BTIG Research reduced their price target on shares of American Express from $272.00 to $240.00 and set a "sell" rating for the company in a research report on Monday, April 21st. William Blair reaffirmed an "outperform" rating on shares of American Express in a research report on Monday, April 21st. Finally, Monness Crespi & Hardt lifted their target price on American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, American Express has an average rating of "Hold" and an average target price of $295.05.

American Express Stock Performance

Shares of AXP traded down $0.07 on Friday, reaching $299.48. The company's stock had a trading volume of 2,958,967 shares, compared to its average volume of 2,842,835. The stock's 50 day simple moving average is $266.20 and its two-hundred day simple moving average is $288.12. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The stock has a market capitalization of $209.81 billion, a P/E ratio of 21.38, a PEG ratio of 1.41 and a beta of 1.23. American Express has a 12-month low of $220.43 and a 12-month high of $326.28.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.17. The business had revenue of $16.97 billion for 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 quarter last year, the company posted $3.33 EPS. Research analysts forecast that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 4th were paid a $0.82 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.28 annualized dividend and a dividend yield of 1.10%. This is an increase from American Express's previous quarterly dividend of $0.70. American Express's dividend payout ratio (DPR) is 22.91%.

Insider Transactions at American Express

In related news, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total value of $799,008.54. Following the completion of the sale, the insider now directly owns 10,919 shares of the company's stock, valued at approximately $2,889,822.54. This represents a 21.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael J. Angelakis purchased 3,700 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $269.89 per share, for a total transaction 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. Corporate insiders own 0.20% of the company's stock.

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.