Asset Management One Co. Ltd. Has $90.93 Million Stock Position in American Express Company (NYSE:AXP)

Asset Management One Co. Ltd. increased its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 337,966 shares of the payment services company's stock after buying an additional 20,801 shares during the quarter. Asset Management One Co. Ltd.'s holdings in American Express were worth $90,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. Investment Management Corp VA ADV bought a new position in shares of American Express during the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC acquired a new stake in American Express during the 4th quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp bought a new position in American Express in the fourth quarter valued at approximately $33,000. Nexus Investment Management ULC bought a new position in American Express in the first quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new position in shares of American Express in the fourth quarter valued at approximately $37,000. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of American Express from $244.00 to $260.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Baird R W raised American Express from a "strong sell" rating to a "hold" rating in a research note on Friday, March 14th. Redburn Atlantic upgraded American Express from a "sell" rating to a "neutral" rating and cut their price target for the company from $270.00 to $255.00 in a report on Wednesday, April 23rd. Royal Bank Of Canada reiterated an "outperform" rating and set a $310.00 price objective on shares of American Express in a report on Monday, April 21st. Finally, Truist Financial lifted their target price on American Express from $315.00 to $335.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, American Express presently has an average rating of "Hold" and a consensus target price of $296.05.

American Express Trading Up 0.4%

Shares of NYSE:AXP opened at $299.73 on Tuesday. American Express Company has a 52-week low of $220.43 and a 52-week high of $326.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The company has a market capitalization of $209.99 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.25. The company has a 50-day simple moving average of $284.24 and a 200 day simple moving average of $288.56.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. During the same quarter in the prior year, the company earned $3.33 earnings per share. Sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, July 3rd. American Express's dividend payout ratio is 22.91%.

Insiders Place Their Bets

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction dated Tuesday, April 29th. The shares were 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 through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the sale, the insider now owns 9,402 shares of the company's stock, valued at $2,590,251. This trade represents a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

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.

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