Jackson Wealth Management LLC Sells 1,718 Shares of American Express Company (NYSE:AXP)

Jackson Wealth Management LLC lessened its position in shares of American Express Company (NYSE:AXP - Free Report) by 18.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,457 shares of the payment services company's stock after selling 1,718 shares during the quarter. Jackson Wealth Management LLC's holdings in American Express were worth $2,006,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AXP. Geode Capital Management LLC boosted its stake in American Express by 2.3% in 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 period. Northern Trust Corp raised its holdings in shares of American Express by 16.3% during the 4th quarter. Northern Trust Corp now owns 6,825,135 shares of the payment services company's stock worth $2,025,632,000 after buying an additional 955,811 shares in the last quarter. Norges Bank acquired a new position in American Express in the 4th quarter worth about $1,785,867,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $1,488,482,000 after buying an additional 408,283 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased 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 valued at $1,293,259,000 after buying an additional 3,583,959 shares during the period. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Price Performance

AXP stock traded down $5.42 during mid-day trading on Monday, hitting $322.71. 2,160,226 shares of the stock were exchanged, compared to its average volume of 2,842,270. 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 business has a fifty day moving average price of $295.62 and a 200 day moving average price of $289.83. American Express Company has a 12 month low of $220.43 and a 12 month high of $329.14. The stock has a market capitalization of $226.09 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.60 and a beta of 1.25.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.47 by $0.17. The firm had revenue of $16.97 billion for the quarter, compared to the consensus estimate of $17.04 billion. American Express had a return on equity of 32.48% and a net margin of 15.31%. During the same quarter in the previous year, the business earned $3.33 earnings per share. On average, sell-side 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. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 annualized dividend and a dividend yield of 1.02%. American Express's dividend payout ratio is currently 22.91%.

Analysts Set New Price Targets

AXP has been the topic of several recent research reports. Argus lowered American Express from a "strong-buy" rating to a "hold" rating in a report on Friday, March 14th. Robert W. Baird raised American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price target for the company in a research report on Friday, March 14th. Wells Fargo & Company set a $327.00 price target on American Express in a research report on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $310.00 price target on shares of American Express in a research report on Monday, April 21st. Finally, Bank of America raised American Express from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $325.00 to $274.00 in a research report on Friday, April 11th. 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's stock. According to MarketBeat.com, American Express has an average rating of "Hold" and a consensus target price of $295.25.

Insider Activity

In related news, insider Howard Grosfield sold 9,450 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the transaction, the insider owned 9,402 shares in the company, valued at $2,590,251. The trade was a 50.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the business'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 owned 10,919 shares in the company, valued at approximately $2,889,822.54. This represents a 21.66% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

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.