Kintegral Advisory LLC Trims Stock Holdings in American Express Company (NYSE:AXP)

Kintegral Advisory LLC lessened its position in American Express Company (NYSE:AXP - Free Report) by 32.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,044 shares of the payment services company's stock after selling 13,754 shares during the quarter. American Express makes up about 1.1% of Kintegral Advisory LLC's investment portfolio, making the stock its 15th largest holding. Kintegral Advisory LLC's holdings in American Express were worth $7,545,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. increased its position in American Express by 7.7% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 12,630 shares of the payment services company's stock valued at $3,398,000 after buying an additional 900 shares in the last quarter. SMART Wealth LLC bought a new position in American Express during the 1st quarter valued at approximately $1,083,000. Huntleigh Advisors Inc. increased its position in American Express by 1.4% during the 1st quarter. Huntleigh Advisors Inc. now owns 6,605 shares of the payment services company's stock valued at $1,777,000 after buying an additional 93 shares in the last quarter. IFM Investors Pty Ltd increased its position in American Express by 8.8% during the 1st quarter. IFM Investors Pty Ltd now owns 119,719 shares of the payment services company's stock valued at $32,468,000 after buying an additional 9,702 shares in the last quarter. Finally, Avantax Planning Partners Inc. increased its position in American Express by 12.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 2,824 shares of the payment services company's stock valued at $760,000 after buying an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

American Express Stock Performance

NYSE AXP traded up $2.75 on Friday, hitting $328.36. 1,541,782 shares of the company traded hands, compared to its average volume of 2,843,582. The company has a market capitalization of $230.05 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.60 and a beta of 1.25. 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 business's 50 day moving average price is $295.62 and its 200-day moving average price is $289.84. American Express Company has a 52-week low of $220.43 and a 52-week high of $329.14.

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. American Express had a return on equity of 32.48% and a net margin of 15.31%. The business had revenue of $16.97 billion for the quarter, compared to the consensus estimate of $17.04 billion. During the same period in the previous year, the business earned $3.33 earnings per share. Equities analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be given a $0.82 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.00%. American Express's dividend payout ratio is currently 22.91%.

Insider Transactions at American Express

In other American Express news, insider Howard Grosfield sold 9,450 shares of the business's stock in a transaction that occurred 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 sale, the insider directly owned 9,402 shares of the company's stock, valued at $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the business'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 value of $799,008.54. Following the sale, the insider directly owned 10,919 shares in the company, valued at $2,889,822.54. The trade was 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 insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Bank of America raised American Express from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $325.00 to $274.00 in a research report on Friday, April 11th. Baird R W raised American Express from a "strong sell" rating to a "hold" rating in a research report on Friday, March 14th. Wells Fargo & Company set a $327.00 price objective on American Express in a research report on Wednesday. Citigroup reissued a "neutral" rating and issued a $327.00 target price (up previously from $300.00) on shares of American Express in a report on Wednesday. Finally, The Goldman Sachs Group reduced their target price on American Express from $367.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned 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 $295.25.

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.