Mill Capital Management LLC Has $33.71 Million Stake in American Express Company (NYSE:AXP)

Mill Capital Management LLC lessened its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 0.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 125,291 shares of the payment services company's stock after selling 1,099 shares during the quarter. American Express comprises approximately 2.7% of Mill Capital Management LLC's holdings, making the stock its 11th largest position. Mill Capital Management LLC's holdings in American Express were worth $33,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trillium Asset Management LLC increased its stake in American Express by 1.4% during the 4th quarter. Trillium Asset Management LLC now owns 2,449 shares of the payment services company's stock valued at $727,000 after buying an additional 35 shares during the period. Zions Bancorporation N.A. boosted its holdings in shares of American Express by 2.4% in the fourth quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company's stock valued at $448,000 after acquiring an additional 35 shares in the last quarter. Arista Wealth Management LLC increased its stake in shares of American Express by 1.7% during the fourth quarter. Arista Wealth Management LLC now owns 2,275 shares of the payment services company's stock valued at $675,000 after acquiring an additional 37 shares during the period. Kovack Advisors Inc. raised its holdings in American Express by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 3,359 shares of the payment services company's stock worth $997,000 after purchasing an additional 38 shares in the last quarter. Finally, PDS Planning Inc raised its holdings in American Express by 1.3% during the fourth quarter. PDS Planning Inc now owns 2,967 shares of the payment services company's stock worth $880,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

Insider Buying and Selling at American Express

In related news, insider Howard Grosfield sold 9,450 shares of American Express stock in a transaction 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 completion of the sale, the insider now owns 9,402 shares of the company's stock, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Glenda G. Mcneal sold 3,019 shares of American Express 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 sale, the insider now owns 10,919 shares of the company's stock, valued at approximately $2,889,822.54. This represents a 21.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AXP shares. JPMorgan Chase & Co. lifted their price target on American Express from $244.00 to $260.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. William Blair reaffirmed an "outperform" rating on shares of American Express in a report on Monday, April 21st. Baird R W upgraded shares of American Express from a "strong sell" rating to a "hold" rating in a research report on Friday, March 14th. Monness Crespi & Hardt upped their price target on shares of American Express from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, April 21st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $310.00 price objective on shares of American Express in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $296.05.

American Express Stock Up 1.0%

Shares of AXP traded up $3.16 during mid-day trading on Thursday, reaching $311.75. The company's stock had a trading volume of 3,254,420 shares, compared to its average volume of 2,827,863. The company has a market cap of $218.41 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. The business has a fifty day moving average of $286.36 and a 200 day moving average of $288.84. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express Company has a 1 year low of $220.43 and a 1 year high of $326.28.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $16.97 billion during the quarter, compared to the consensus estimate of $17.04 billion. During the same period in the prior year, the business earned $3.33 EPS. As a group, analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be paid a $0.82 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $3.28 annualized dividend and a yield of 1.05%. American Express's dividend payout ratio is presently 22.91%.

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.