Barrow Hanley Mewhinney & Strauss LLC Sells 24,973 Shares of American Express (NYSE:AXP)

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of American Express (NYSE:AXP - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,166,279 shares of the payment services company's stock after selling 24,973 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.17% of American Express worth $346,140,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital & Planning LLC purchased a new position in American Express in the 4th quarter worth about $213,000. Simon Quick Advisors LLC increased its stake in American Express by 23.0% in the 4th quarter. Simon Quick Advisors LLC now owns 3,028 shares of the payment services company's stock worth $899,000 after purchasing an additional 566 shares in the last quarter. XML Financial LLC increased its stake in American Express by 55.1% in the 4th quarter. XML Financial LLC now owns 1,748 shares of the payment services company's stock worth $519,000 after purchasing an additional 621 shares in the last quarter. Advisory Alpha LLC increased its stake in American Express by 51.0% in the 4th quarter. Advisory Alpha LLC now owns 1,607 shares of the payment services company's stock worth $477,000 after purchasing an additional 543 shares in the last quarter. Finally, Albion Financial Group UT boosted its position in American Express by 86.4% during the 4th quarter. Albion Financial Group UT now owns 192 shares of the payment services company's stock worth $57,000 after acquiring an additional 89 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Express

In other American Express news, insider Howard Grosfield sold 9,450 shares of the stock in a transaction dated 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 transaction, the insider now owns 9,402 shares of the company's stock, valued at approximately $2,590,251. This represents a 50.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Angelakis bought 3,700 shares of the business's stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the purchase, the director now directly owns 3,700 shares of the company's stock, valued at approximately $998,593. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on AXP shares. Truist Financial raised their price objective on American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a research report on Friday. Wells Fargo & Company raised their price objective on shares of American Express from $355.00 to $370.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Bank of America raised shares of American Express from a "neutral" rating to a "buy" rating and cut their price objective for the company from $325.00 to $274.00 in a research report on Friday, April 11th. BTIG Research cut their price objective on shares of 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, Baird R W raised shares of American Express from a "strong sell" rating to a "hold" rating in a research report on Friday, March 14th. 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, the stock presently has a consensus rating of "Hold" and an average target price of $296.05.

American Express Trading Up 3.0%

Shares of AXP traded up $8.57 during trading hours on Tuesday, hitting $293.79. 2,536,970 shares of the stock traded hands, compared to its average volume of 2,848,596. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. American Express has a 1-year low of $220.43 and a 1-year high of $326.28. The firm has a market capitalization of $205.83 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. The business has a fifty day moving average of $269.34 and a 200-day moving average of $288.60.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results 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 32.65% and a net margin of 15.36%. The business 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 firm posted $3.33 earnings per share. Analysts expect that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

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

American Express 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.