Free Trial

Headinvest LLC Has $10.21 Million Stake in American Express (NYSE:AXP)

American Express logo with Finance background

Headinvest LLC cut its position in shares of American Express (NYSE:AXP - Free Report) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,416 shares of the payment services company's stock after selling 1,441 shares during the period. American Express accounts for about 1.9% of Headinvest LLC's investment portfolio, making the stock its 10th largest position. Headinvest LLC's holdings in American Express were worth $10,214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sellwood Investment Partners LLC bought a new position in shares of American Express in the 4th quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp bought a new position in shares of American Express in the 4th quarter valued at approximately $33,000. Curio Wealth LLC bought a new position in shares of American Express in the 4th quarter valued at approximately $37,000. Financial Life Planners bought a new position in shares of American Express in the 4th quarter valued at approximately $38,000. Finally, Sierra Ocean LLC bought a new position in shares of American Express in the 4th quarter valued at approximately $40,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AXP shares. Monness Crespi & Hardt raised their price objective on American Express from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Keefe, Bruyette & Woods lifted their price target on American Express from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. Argus downgraded American Express from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 14th. BTIG Research dropped their price target on American Express from $272.00 to $240.00 and set a "sell" rating on the stock in a research report on Monday, April 21st. Finally, Bank of America raised American Express from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $325.00 to $274.00 in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, American Express presently has a consensus rating of "Hold" and an average price target of $296.05.

Read Our Latest Stock Report on American Express

Insiders Place Their Bets

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the business's stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the business's stock in a transaction on 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 directly owns 9,402 shares in the company, valued at approximately $2,590,251. This represents a 50.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

American Express Price Performance

AXP stock traded up $7.32 during trading on Tuesday, hitting $292.54. The company had a trading volume of 907,409 shares, compared to its average volume of 2,842,033. The company has a fifty day moving average price of $269.34 and a two-hundred day moving average price of $288.60. 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 cap of $204.95 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.41 and a beta of 1.23. American Express has a fifty-two week low of $220.43 and a fifty-two week high of $326.28.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $17.04 billion. American Express had a return on equity of 32.65% and a net margin of 15.36%. During the same quarter in the previous year, the firm earned $3.33 EPS. Equities research analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 4th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.28 dividend on an annualized basis and a yield of 1.12%. This is a positive change from American Express's previous quarterly dividend of $0.70. American Express's payout ratio is currently 22.91%.

About American Express

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for American Express (NYSE:AXP)

Should You Invest $1,000 in American Express Right Now?

Before you consider American Express, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Express wasn't on the list.

While American Express currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now Cover

Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.

Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Congress Is Pouring Millions Into These 6 Surprising Stocks
3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines