Fidelis Capital Partners LLC Has $1.28 Million Stake in American Express Company (NYSE:AXP)

Fidelis Capital Partners LLC reduced its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,828 shares of the payment services company's stock after selling 811 shares during the period. Fidelis Capital Partners LLC's holdings in American Express were worth $1,279,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in American Express by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 11,752,084 shares of the payment services company's stock valued at $3,484,312,000 after purchasing an additional 268,572 shares during the last quarter. Northern Trust Corp raised its stake in shares of American Express by 16.3% in the fourth quarter. Northern Trust Corp now owns 6,825,135 shares of the payment services company's stock worth $2,025,632,000 after acquiring an additional 955,811 shares during the last quarter. Norges Bank bought a new position in shares of American Express in the fourth quarter worth about $1,785,867,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of American Express by 8.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,015,269 shares of the payment services company's stock worth $1,488,482,000 after acquiring an additional 408,283 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of American Express by 463.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,357,487 shares of the payment services company's stock worth $1,293,259,000 after acquiring an additional 3,583,959 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of AXP opened at $325.52 on Friday. The firm has a market capitalization of $228.06 billion, a PE ratio of 22.73, a PEG ratio of 1.54 and a beta of 1.25. The company's 50-day moving average is $299.95 and its 200-day moving average is $290.57. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $329.14. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.17. The company had revenue of $16.97 billion for the quarter, compared to analyst estimates 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 firm earned $3.33 earnings per share. Equities analysts forecast 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 given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, July 3rd. American Express's payout ratio is presently 22.91%.

Insider Transactions at American Express

In other American Express news, 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 value of $799,008.54. Following the transaction, the insider directly owned 10,919 shares of the company's stock, valued at $2,889,822.54. This trade represents a 21.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AXP has been the subject of a number of recent research reports. BTIG Research dropped their price target on shares of American Express from $272.00 to $240.00 and set a "sell" rating for the company in a research note on Monday, April 21st. Citigroup reissued a "neutral" rating and set a $327.00 price target (up from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Royal Bank Of Canada restated an "outperform" rating and set a $310.00 price objective on shares of American Express in a report on Monday, April 21st. Truist Financial boosted their price objective on shares of American Express from $335.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Monness Crespi & Hardt boosted their price objective on shares of American Express from $275.00 to $285.00 and gave the company a "buy" rating in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $301.42.

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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