Envestnet Asset Management Inc. Has $181.47 Million Stock Position in American Express Company (NYSE:AXP)

Envestnet Asset Management Inc. reduced its position in shares of American Express Company (NYSE:AXP - Free Report) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 674,469 shares of the payment services company's stock after selling 6,966 shares during the period. Envestnet Asset Management Inc. owned about 0.10% of American Express worth $181,466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trillium Asset Management LLC boosted its stake 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 valued at $727,000 after purchasing an additional 35 shares in the last quarter. Zions Bancorporation N.A. grew its stake in American Express by 2.4% in the fourth quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company's stock valued at $448,000 after acquiring an additional 35 shares during the period. Arista Wealth Management LLC increased its holdings in American Express by 1.7% during the 4th quarter. Arista Wealth Management LLC now owns 2,275 shares of the payment services company's stock worth $675,000 after purchasing an additional 37 shares in the last quarter. PDS Planning Inc lifted its position in shares of American Express by 1.3% during the 4th quarter. PDS Planning Inc now owns 2,967 shares of the payment services company's stock worth $880,000 after buying an additional 38 shares in the last quarter. Finally, CFO4Life Group LLC boosted its holdings in shares of American Express by 1.2% in the 4th quarter. CFO4Life Group LLC now owns 3,410 shares of the payment services company's stock worth $1,012,000 after buying an additional 39 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Express

In related news, insider Glenda G. Mcneal sold 3,019 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 10,919 shares of the company's stock, valued at approximately $2,889,822.54. This trade represents a 21.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Howard Grosfield sold 9,450 shares of the stock in a transaction that occurred 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 sale, the insider owned 9,402 shares of the company's stock, valued at approximately $2,590,251. The trade was a 50.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

American Express Price Performance

American Express stock traded up $1.15 during midday trading on Wednesday, reaching $318.13. 2,424,175 shares of the company were exchanged, compared to its average volume of 2,840,627. 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 $222.88 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 1.57 and a beta of 1.25. The firm's 50-day simple moving average is $297.78 and its 200-day simple moving average is $290.19. 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 released its earnings results on Thursday, April 17th. The payment services company reported $3.64 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 company had revenue of $16.97 billion during the quarter, compared to analysts' expectations of $17.04 billion. During the same period in the prior year, the business posted $3.33 EPS. On average, analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, July 3rd. American Express's dividend payout ratio (DPR) is presently 22.91%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AXP. Barclays lifted their price target on American Express from $249.00 to $297.00 and gave the company an "equal weight" rating in a research report on Tuesday. Bank of America upgraded shares of American Express from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $325.00 to $274.00 in a research report on Friday, April 11th. Wells Fargo & Company set a $327.00 target price on shares of American Express in a report on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $310.00 price target on shares of American Express in a report on Monday, April 21st. Finally, Truist Financial lifted their price objective on shares of American Express from $335.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday. 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $298.05.

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.