Amalgamated Bank Increases Stock Position in American Express Company (NYSE:AXP)

Amalgamated Bank boosted its holdings in American Express Company (NYSE:AXP - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,351 shares of the payment services company's stock after purchasing an additional 1,158 shares during the quarter. Amalgamated Bank's holdings in American Express were worth $30,766,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AXP. Geode Capital Management LLC raised its holdings in shares of American Express by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 11,752,084 shares of the payment services company's stock valued at $3,484,312,000 after buying an additional 268,572 shares during the last quarter. Northern Trust Corp increased its position in American Express by 16.3% in 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 during the period. Norges Bank purchased a new stake in American Express during the 4th quarter valued at approximately $1,785,867,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in American Express by 8.9% during the 4th 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 during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in American Express by 463.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,357,487 shares of the payment services company's stock worth $1,293,259,000 after acquiring an additional 3,583,959 shares during the period. Institutional investors and hedge funds own 84.33% of the company's stock.

Insider Buying and Selling at American Express

In other news, insider Glenda G. Mcneal sold 3,019 shares of the business's stock in a transaction dated 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 owns 10,919 shares of the company's stock, valued at approximately $2,889,822.54. The trade was a 21.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Howard Grosfield sold 9,450 shares of American Express stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the completion of the transaction, the insider now owns 9,402 shares of the company's stock, valued at $2,590,251. This trade represents a 50.13% 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 AXP stock opened at $317.48 on Monday. The firm has a fifty day simple moving average of $288.89 and a 200-day simple moving average of $288.88. The company has a market capitalization of $222.43 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.54 and a beta of 1.25. American Express Company has a twelve month low of $220.43 and a twelve month high of $326.28. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64.

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. The firm had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. American Express had a net margin of 15.31% and a return on equity of 32.48%. During the same quarter in the previous year, the business posted $3.33 EPS. Equities research analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.82 per share. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 annualized dividend and a yield of 1.03%. American Express's dividend payout ratio is presently 22.91%.

Analysts Set New Price Targets

Several research firms have recently commented on AXP. Robert W. Baird upgraded American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price target for the company in a research note on Friday, March 14th. Redburn Atlantic raised shares of American Express from a "sell" rating to a "neutral" rating and dropped their price objective for the company from $270.00 to $255.00 in a research note on Wednesday, April 23rd. Truist Financial raised their target price on shares of American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. BTIG Research dropped their price target on shares of American Express from $272.00 to $240.00 and set a "sell" rating on the stock in a research note on Monday, April 21st. Finally, Monness Crespi & Hardt increased their price target on shares of 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 given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $296.05.

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.

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