Bison Wealth LLC Sells 2,480 Shares of American Express (NYSE:AXP)

Bison Wealth LLC cut its position in American Express (NYSE:AXP - Free Report) by 62.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,501 shares of the payment services company's stock after selling 2,480 shares during the quarter. Bison Wealth LLC's holdings in American Express were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Sellwood Investment Partners LLC purchased a new stake in shares of American Express during the fourth quarter worth about $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in American Express during the 4th quarter valued at approximately $33,000. Curio Wealth LLC purchased a new stake in American Express during the 4th quarter worth approximately $37,000. Financial Life Planners acquired a new position in shares of American Express in the 4th quarter valued at approximately $38,000. Finally, Sierra Ocean LLC purchased a new position in shares of American Express during the 4th quarter valued at approximately $40,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Express

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now directly owns 13,500 shares of the company's stock, valued at approximately $4,308,795. This represents a 41.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction 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 $2,889,822.54. This trade represents a 21.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

American Express Price Performance

Shares of American Express stock traded up $8.57 on Friday, hitting $277.11. The company had a trading volume of 3,099,290 shares, compared to its average volume of 2,825,974. The company has a market cap of $194.14 billion, a PE ratio of 19.78, a PEG ratio of 1.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. American Express has a 52 week low of $220.43 and a 52 week high of $326.28. The business has a 50-day simple moving average of $264.59 and a 200-day simple moving average of $286.95.

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

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.18%. This is an increase from American Express's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, April 4th. American Express's dividend payout ratio is currently 22.91%.

Analysts Set New Price Targets

Several research firms recently issued reports on AXP. Compass Point cut their price target on shares of American Express from $325.00 to $309.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Truist Financial reduced their price target 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. HSBC boosted their price objective on American Express from $270.00 to $294.00 and gave the company a "hold" rating in a report on Friday, January 24th. Morgan Stanley lifted their target price on American Express from $305.00 to $310.00 and gave the stock an "equal weight" rating in a research report on Monday, January 27th. Finally, Evercore ISI upped their price target on American Express from $315.00 to $344.00 and gave the company an "in-line" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $295.05.

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.