Bradley & Co. Private Wealth Management LLC Trims Stock Position in American Express Company (NYSE:AXP)

Bradley & Co. Private Wealth Management LLC lowered its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 7.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 37,308 shares of the payment services company's stock after selling 3,123 shares during the period. American Express accounts for approximately 6.9% of Bradley & Co. Private Wealth Management LLC's holdings, making the stock its 5th largest position. Bradley & Co. Private Wealth Management LLC's holdings in American Express were worth $10,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Investment Management Corp VA ADV bought a new stake in shares of American Express during the fourth quarter worth approximately $29,000. MorganRosel Wealth Management LLC bought a new stake in shares of American Express during the first quarter worth approximately $29,000. Sellwood Investment Partners LLC bought a new stake in shares of American Express during the fourth quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of American Express during the fourth quarter worth approximately $33,000. Finally, Nexus Investment Management ULC bought a new stake in shares of American Express during the first quarter worth approximately $34,000. Institutional investors own 84.33% of the company's stock.

American Express Price Performance

Shares of NYSE:AXP traded up $1.21 during trading on Wednesday, hitting $311.86. 2,920,972 shares of the company were exchanged, compared to its average volume of 2,843,979. The business's 50 day moving average is $302.35 and its 200-day moving average is $290.77. The company has a market capitalization of $218.49 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 1.51 and a beta of 1.25. 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 Company has a 1-year low of $220.43 and a 1-year high of $329.14.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.17. The company had revenue of $16.97 billion during the quarter, compared to the consensus estimate of $17.04 billion. American Express had a net margin of 15.31% and a return on equity of 32.48%. During the same period in the prior year, the business earned $3.33 earnings per share. Equities analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $3.28 annualized dividend and a dividend yield of 1.05%. American Express's dividend payout ratio (DPR) is presently 22.91%.

Insider Buying and Selling at American Express

In other news, 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 transaction of $2,603,475.00. Following the completion of the transaction, the insider directly owned 9,402 shares in the company, valued at approximately $2,590,251. This represents a 50.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $799,008.54. Following the transaction, the insider owned 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. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AXP shares. JPMorgan Chase & Co. boosted their price objective on American Express from $260.00 to $342.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. BTIG Research set a $277.00 price target on shares of American Express and gave the company a "sell" rating in a research report on Monday. Truist Financial lifted their price target on shares of American Express from $335.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Monness Crespi & Hardt downgraded shares of American Express from a "buy" rating to a "neutral" rating in a research report on Tuesday. Finally, Wells Fargo & Company set a $327.00 price target on shares of American Express in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, American Express presently has an average rating of "Hold" and an average target price of $307.68.

About American Express

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.