Hsbc Holdings PLC Lowers Stock Holdings in American Express Company $AXP

Key Points

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Hsbc Holdings PLC trimmed its stake in American Express Company (NYSE:AXP - Free Report) by 0.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,876,166 shares of the payment services company's stock after selling 7,763 shares during the period. Hsbc Holdings PLC owned about 0.27% of American Express worth $503,309,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV acquired a new position in American Express during the fourth quarter worth $29,000. MorganRosel Wealth Management LLC purchased a new stake in shares of American Express in the 1st quarter valued at $29,000. Nexus Investment Management ULC acquired a new position in American Express during the 1st quarter worth about $34,000. Hughes Financial Services LLC purchased a new position in American Express during the 1st quarter valued at about $35,000. Finally, IAG Wealth Partners LLC acquired a new position in American Express in the 1st quarter valued at about $40,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of American Express from $250.00 to $311.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Barclays increased their target price on shares of American Express from $249.00 to $297.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. DZ Bank downgraded shares of American Express from a "hold" rating to a "sell" rating in a research note on Monday, July 21st. Truist Financial upped their price objective on American Express from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on American Express from $371.00 to $375.00 and gave the company a "buy" rating in a report on Monday, July 21st. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $311.05.

Insider Transactions at American Express

In other news, insider Glenda G. Mcneal sold 50,000 shares of American Express stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the sale, the insider owned 10,957 shares in the company, valued at approximately $3,391,191.50. The trade was a 82.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anna Marrs sold 5,500 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the sale, the insider directly owned 20,311 shares of the company's stock, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,219 shares of company stock worth $40,555,901. Corporate insiders own 0.20% of the company's stock.

American Express Stock Up 0.0%

NYSE:AXP traded up $0.02 during trading hours on Thursday, hitting $308.42. The company's stock had a trading volume of 1,848,473 shares, compared to its average volume of 2,379,231. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. American Express Company has a 52-week low of $220.43 and a 52-week high of $329.14. The stock has a market capitalization of $214.62 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.63 and a beta of 1.28. The stock has a fifty day moving average of $307.86 and a 200-day moving average of $290.08.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.86 by $0.22. The firm had revenue of $17.86 billion during the quarter, compared to analysts' expectations of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.The firm's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.49 earnings per share. On average, equities analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. American Express's dividend payout ratio (DPR) is presently 23.02%.

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.