American Express (NYSE:AXP) Stock Holdings Decreased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its stake in American Express (NYSE:AXP - Free Report) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 476,381 shares of the payment services company's stock after selling 18,050 shares during the quarter. American Express comprises 1.9% of Douglas Lane & Associates LLC's holdings, making the stock its 8th largest holding. Douglas Lane & Associates LLC owned about 0.07% of American Express worth $128,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of AXP. Geode Capital Management LLC boosted its position 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 purchasing an additional 268,572 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in American Express by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 8,761,336 shares of the payment services company's stock worth $2,600,277,000 after acquiring an additional 95,927 shares during the last quarter. Northern Trust Corp grew its stake in shares of 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 worth $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 fourth quarter worth about $1,785,867,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of 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 worth $1,488,482,000 after buying an additional 408,283 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

American Express Stock Up 0.5%

Shares of NYSE:AXP traded up $1.42 during trading hours on Thursday, hitting $297.35. The company's stock had a trading volume of 740,411 shares, compared to its average volume of 3,049,789. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The company has a market capitalization of $208.32 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.41 and a beta of 1.25. The firm's fifty day moving average price is $272.42 and its 200 day moving average price is $288.90. American Express has a 52 week low of $220.43 and a 52 week high of $326.27.

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. The business had revenue of $16.97 billion during 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 posted $3.33 EPS. As a group, research analysts expect that American Express will post 15.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AXP shares. Bank of America upgraded shares of American Express from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $325.00 to $274.00 in a report on Friday, April 11th. William Blair reiterated an "outperform" rating on shares of American Express in a research note on Monday, April 21st. The Goldman Sachs Group decreased their price target on shares of American Express from $367.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Truist Financial raised their price target on American Express from $315.00 to $335.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Argus cut shares of American Express from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $296.05.

Insider Activity at American Express

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the transaction, the insider now owns 10,919 shares of the company's stock, valued at approximately $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Angelakis bought 3,700 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $269.89 per share, with a total value of $998,593.00. Following the completion of the transaction, the director now owns 3,700 shares in the company, valued at approximately $998,593. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

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.