Linden Thomas Advisory Services LLC Has $3.81 Million Position in American Express Company (NYSE:AXP)

Linden Thomas Advisory Services LLC grew its position in American Express Company (NYSE:AXP) by 8.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,146 shares of the payment services company's stock after buying an additional 1,065 shares during the quarter. Linden Thomas Advisory Services LLC's holdings in American Express were worth $3,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AXP. Trillium Asset Management LLC boosted its stake in 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 worth $727,000 after buying an additional 35 shares during the period. Zions Bancorporation N.A. boosted its stake in American Express by 2.4% during the fourth quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company's stock worth $448,000 after buying an additional 35 shares during the period. Arista Wealth Management LLC boosted its stake in American Express by 1.7% during the fourth quarter. Arista Wealth Management LLC now owns 2,275 shares of the payment services company's stock worth $675,000 after buying an additional 37 shares during the period. PDS Planning Inc boosted its stake in American Express by 1.3% during the fourth 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 during the period. Finally, CFO4Life Group LLC boosted its stake in American Express by 1.2% during the fourth 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 period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of American Express from $244.00 to $260.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and reduced their target price for the stock from $270.00 to $255.00 in a report on Wednesday, April 23rd. Wells Fargo & Company set a $327.00 price target on American Express in a research note on Wednesday, July 2nd. Truist Financial boosted their price target on American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group dropped their target price on American Express from $367.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $297.25.

American Express Stock Down 1.7%

Shares of NYSE:AXP opened at $317.26 on Wednesday. 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 52-week low of $220.43 and a 52-week high of $329.14. The stock's fifty day simple moving average is $297.78 and its 200-day simple moving average is $290.19. The company has a market capitalization of $222.27 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.57 and a beta of 1.25.

American Express (NYSE:AXP - Get Free Report) last released its earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping 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 firm had revenue of $16.97 billion for the quarter, compared to the consensus estimate of $17.04 billion. During the same period in the prior year, the business posted $3.33 earnings per share. As a group, equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be given 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 yield of 1.03%. American Express's dividend payout ratio (DPR) is presently 22.91%.

Insider Activity

In other news, insider Glenda G. Mcneal sold 3,019 shares of the firm's stock in a transaction dated 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 in the company, valued at $2,889,822.54. This trade represents a 21.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the completion of the transaction, the insider owned 9,402 shares in the company, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

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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