Warther Private Wealth LLC trimmed its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 82.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,268 shares of the payment services company's stock after selling 19,480 shares during the quarter. American Express comprises about 0.4% of Warther Private Wealth LLC's investment portfolio, making the stock its 21st largest holding. Warther Private Wealth LLC's holdings in American Express were worth $1,148,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of AXP. Boston Financial Mangement LLC raised its position in American Express by 0.9% during the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company's stock valued at $1,189,000 after purchasing an additional 34 shares in the last quarter. Trillium Asset Management LLC increased its position in shares of American Express by 1.4% during the fourth quarter. Trillium Asset Management LLC now owns 2,449 shares of the payment services company's stock worth $727,000 after purchasing an additional 35 shares in the last quarter. Zions Bancorporation N.A. boosted its position in shares of American Express by 2.4% in the 4th quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company's stock worth $448,000 after purchasing an additional 35 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in American Express by 2.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,317 shares of the payment services company's stock worth $391,000 after buying an additional 36 shares during the last quarter. Finally, Arista Wealth Management LLC grew 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 worth $675,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 84.33% of the company's stock.
Insider Buying and Selling at American Express
In related 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 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 filing with the Securities & Exchange Commission, which is available through 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 transaction, the insider now directly owns 9,402 shares of the company's stock, 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. Corporate insiders own 0.20% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on AXP shares. Citigroup lowered their price target on American Express from $320.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Redburn Atlantic raised shares of American Express from a "sell" rating to a "neutral" rating and cut their price objective for the company from $270.00 to $255.00 in a report on Wednesday, April 23rd. Monness Crespi & Hardt increased their price target on American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Argus lowered shares of American Express from a "strong-buy" rating to a "hold" rating in a report on Friday, March 14th. Finally, William Blair reissued an "outperform" rating on shares of American Express in a report on Monday, April 21st. One equities research 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, the company has a consensus rating of "Hold" and a consensus price target of $296.05.
Read Our Latest Stock Analysis on American Express
American Express Stock Performance
American Express stock traded up $3.73 during mid-day trading on Thursday, hitting $296.54. 3,690,060 shares of the company's stock traded hands, compared to its average volume of 2,824,396. American Express Company has a one year low of $220.43 and a one year high of $326.28. The company has a market cap of $207.75 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.43 and a beta of 1.25. The firm has a 50 day moving average price of $281.42 and a 200 day moving average price 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 (NYSE:AXP - Get Free Report) last issued its earnings results on Thursday, April 17th. The payment services company reported $3.64 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 business had revenue of $16.97 billion during the quarter, compared to analysts' expectations of $17.04 billion. During the same quarter last year, the firm posted $3.33 earnings per share. On average, equities analysts forecast that American Express Company will post 15.33 EPS for the current year.
American Express Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a $0.82 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.11%. American Express's payout ratio is presently 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.
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