American Express (NYSE:AXP) Holdings Decreased by Davis Investment Partners LLC

Davis Investment Partners LLC cut its holdings in American Express (NYSE:AXP - Free Report) by 73.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,065 shares of the payment services company's stock after selling 5,741 shares during the quarter. Davis Investment Partners LLC's holdings in American Express were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of AXP. Investment Management Corp VA ADV purchased a new position in shares of American Express in the 4th quarter valued at approximately $29,000. Sellwood Investment Partners LLC purchased a new position in American Express during the fourth quarter valued at $33,000. Murphy & Mullick Capital Management Corp purchased a new position in American Express during the fourth quarter valued at $33,000. Nexus Investment Management ULC purchased a new position in American Express during the first quarter valued at $34,000. Finally, Curio Wealth LLC purchased a new position in American Express during the fourth quarter valued at $37,000. 84.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of American Express stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the sale, the insider now owns 10,919 shares of the company's stock, valued at $2,889,822.54. The trade was a 21.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of American Express stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total value of $2,603,475.00. Following the sale, the insider now directly owns 9,402 shares in the company, valued at $2,590,251. The trade was a 50.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

American Express Price Performance

Shares of American Express stock traded down $1.20 during trading on Thursday, hitting $297.90. 1,603,921 shares of the company were exchanged, compared to its average volume of 2,816,223. 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 has a fifty-two week low of $220.43 and a fifty-two week high of $326.28. The stock has a market capitalization of $208.71 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.41 and a beta of 1.25. The firm has a 50 day moving average price of $276.48 and a 200 day moving average price of $289.22.

American Express (NYSE:AXP - Get Free Report) last released 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 company had revenue of $16.97 billion for the quarter, compared to the consensus estimate of $17.04 billion. American Express had a return on equity of 32.65% and a net margin of 15.36%. During the same period last year, the business posted $3.33 EPS. On average, equities analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

AXP has been the subject of a number of recent research reports. Monness Crespi & Hardt lifted 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. Argus cut American Express from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 14th. 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. Citigroup decreased their price target on American Express from $320.00 to $300.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Finally, BTIG Research decreased their price target on American Express from $272.00 to $240.00 and set a "sell" rating for the company 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 assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $296.05.

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.