American Express Company (NYSE:AXP) Shares Sold by Allworth Financial LP

Allworth Financial LP decreased its position in American Express Company (NYSE:AXP - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,839 shares of the payment services company's stock after selling 1,099 shares during the period. Allworth Financial LP's holdings in American Express were worth $33,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of American Express by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 11,752,084 shares of the payment services company's stock worth $3,484,312,000 after acquiring an additional 268,572 shares in the last quarter. Northern Trust Corp increased its holdings in American Express by 16.3% during the 4th quarter. Northern Trust Corp now owns 6,825,135 shares of the payment services company's stock valued at $2,025,632,000 after acquiring an additional 955,811 shares in the last quarter. Norges Bank purchased a new position in American Express during the 4th quarter valued at about $1,785,867,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of American Express by 8.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,015,269 shares of the payment services company's stock valued at $1,488,482,000 after acquiring an additional 408,283 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of American Express by 463.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,357,487 shares of the payment services company's stock valued at $1,293,259,000 after acquiring an additional 3,583,959 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

Insider Buying and Selling

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the company's 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 sale, the insider owned 10,919 shares in the company, valued at $2,889,822.54. This represents a 21.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Howard Grosfield sold 9,450 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total value of $2,603,475.00. Following the sale, the insider owned 9,402 shares in the company, valued at $2,590,251. The trade was a 50.13% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

American Express Stock Down 1.4%

AXP stock traded down $4.65 during trading on Friday, reaching $320.60. The stock had a trading volume of 1,046,867 shares, compared to its average volume of 2,839,803. American Express Company has a 1-year low of $220.43 and a 1-year high of $329.14. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $224.61 billion, a P/E ratio of 22.39, a PEG ratio of 1.54 and a beta of 1.25. The firm has a fifty day moving average price of $299.95 and a 200 day moving average price of $290.57.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.17. American Express had a net margin of 15.31% and a return on equity of 32.48%. The firm had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. During the same quarter in the previous year, the business posted $3.33 EPS. On average, equities analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, July 3rd. American Express's payout ratio is currently 22.91%.

Wall Street Analysts Forecast Growth

AXP has been the topic of several recent research reports. Morgan Stanley upped their price objective on American Express from $250.00 to $311.00 and gave the company an "equal weight" rating in a research report on Thursday. Bank of America raised shares of American Express from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $325.00 to $274.00 in a research note on Friday, April 11th. Truist Financial lifted their target price on shares of American Express from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday. The Goldman Sachs Group lowered their target price on shares of American Express from $367.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, Argus lowered shares of American Express from a "strong-buy" rating to a "hold" rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $305.74.

American Express 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.