Radnor Capital Management LLC Sells 1,486 Shares of American Express (NYSE:AXP)

Radnor Capital Management LLC decreased its holdings in shares of American Express (NYSE:AXP - Free Report) by 3.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,948 shares of the payment services company's stock after selling 1,486 shares during the quarter. American Express accounts for about 1.8% of Radnor Capital Management LLC's investment portfolio, making the stock its 7th biggest position. Radnor Capital Management LLC's holdings in American Express were worth $10,479,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Capital & Planning LLC bought a new position in American Express in the fourth quarter worth approximately $213,000. Brighton Jones LLC grew its stake in American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock worth $1,924,000 after purchasing an additional 1,273 shares in the last quarter. Silver Oak Securities Incorporated grew its stake in American Express by 2.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 1,424 shares of the payment services company's stock worth $423,000 after purchasing an additional 35 shares in the last quarter. Leo Wealth LLC grew its stake in American Express by 80.3% in the fourth quarter. Leo Wealth LLC now owns 5,860 shares of the payment services company's stock worth $1,739,000 after purchasing an additional 2,609 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in American Express in the fourth quarter worth approximately $40,920,000. Institutional investors own 84.33% of the company's stock.

American Express Stock Up 2.3%

Shares of AXP traded up $6.75 during midday trading on Friday, hitting $302.71. 2,098,953 shares of the company's stock traded hands, compared to its average volume of 2,830,789. American Express has a 1 year low of $220.43 and a 1 year high of $326.28. The firm's fifty day moving average is $273.60 and its 200-day moving average is $289.09. 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 stock has a market capitalization of $212.08 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25.

American Express (NYSE:AXP - Get Free Report) last issued 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 32.65% and a net margin of 15.36%. The firm had revenue of $16.97 billion during the quarter, compared to analyst estimates of $17.04 billion. During the same quarter in the prior year, the business posted $3.33 EPS. As a group, sell-side analysts anticipate that American Express will post 15.33 earnings per share for the current year.

Insider Activity at American Express

In related news, insider Glenda G. Mcneal sold 3,019 shares of the company'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 directly owns 10,919 shares of the company's stock, valued at $2,889,822.54. This represents a 21.66% decrease in their position. The transaction 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 the company's 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 completion of the transaction, the insider now directly owns 9,402 shares in the company, valued at approximately $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AXP. Robert W. Baird raised American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price objective on the stock in a research note on Friday, March 14th. Royal Bank of Canada reissued an "outperform" rating and issued a $310.00 price objective on shares of American Express in a research note on Monday, April 21st. Baird R W upgraded American Express from a "strong sell" rating to a "hold" rating in a report on Friday, March 14th. BTIG Research lowered their target price on American Express from $272.00 to $240.00 and set a "sell" rating for the company in a report on Monday, April 21st. Finally, Truist Financial upped their target price on American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, American Express has a consensus rating of "Hold" and an average price target 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.