Boston Trust Walden Corp Buys 6,290 Shares of American Express Company (NYSE:AXP)

Boston Trust Walden Corp increased its stake in shares of American Express Company (NYSE:AXP) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,971 shares of the payment services company's stock after purchasing an additional 6,290 shares during the quarter. Boston Trust Walden Corp's holdings in American Express were worth $60,528,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AXP. Investment Management Corp VA ADV bought a new position in American Express in the fourth quarter valued at approximately $29,000. Sellwood Investment Partners LLC acquired a new stake in American Express during the 4th quarter worth $33,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of American Express during the 4th quarter valued at $33,000. Nexus Investment Management ULC bought a new stake in shares of American Express during the 1st quarter valued at $34,000. Finally, Curio Wealth LLC bought a new stake in shares of American Express during the 4th quarter valued at $37,000. 84.33% of the stock is owned by institutional investors.

Insider Transactions at American Express

In related news, insider Howard Grosfield sold 9,450 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 9,402 shares in the company, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Glenda G. Mcneal sold 3,019 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total transaction of $799,008.54. Following the completion of the sale, the insider now owns 10,919 shares of the company's stock, valued at $2,889,822.54. This trade represents a 21.66% 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.

Analysts Set New Price Targets

AXP has been the subject of several recent research reports. Truist Financial upped their target price on shares of American Express from $315.00 to $335.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and dropped their target price for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Bank of America upgraded shares of American Express from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $325.00 to $274.00 in a research report on Friday, April 11th. BTIG Research lowered their price objective on shares of American Express from $272.00 to $240.00 and set a "sell" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of American Express from $244.00 to $260.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. One equities research 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $296.05.

American Express Trading Up 1.3%

American Express stock opened at $296.54 on Thursday. The firm has a 50-day moving average of $281.42 and a 200-day moving average of $288.84. American Express Company has a one year low of $220.43 and a one year high of $326.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The company has a market cap of $207.75 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 1.43 and a beta of 1.25.

American Express (NYSE:AXP - Get Free Report) last posted 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. American Express had a net margin of 15.31% and a return on equity of 32.48%. The company had revenue of $16.97 billion during the quarter, compared to the consensus estimate of $17.04 billion. During the same period in the prior year, the business posted $3.33 EPS. On average, equities analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.11%. American Express's dividend payout ratio is 22.91%.

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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