Maj Invest Holding A S decreased its holdings in American Express Company (NYSE:AXP - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 440,221 shares of the payment services company's stock after selling 26,601 shares during the quarter. American Express accounts for about 4.3% of Maj Invest Holding A S's holdings, making the stock its 15th largest holding. Maj Invest Holding A S owned 0.06% of American Express worth $118,443,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Trillium Asset Management LLC increased its stake in American Express by 1.4% during the 4th 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 in the last quarter. Zions Bancorporation N.A. raised its holdings in American Express by 2.4% in the 4th quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company's stock valued at $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 increased its position in shares of American Express by 1.3% during the fourth quarter. PDS Planning Inc now owns 2,967 shares of the payment services company's stock valued at $880,000 after acquiring an additional 38 shares during the last quarter. Finally, CFO4Life Group LLC raised its stake 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 valued at $1,012,000 after acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 84.33% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on AXP shares. The Goldman Sachs Group dropped their price objective on American Express from $367.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. BTIG Research cut their price target on shares of American Express from $272.00 to $240.00 and set a "sell" rating on the stock in a research note on Monday, April 21st. Argus lowered shares of American Express from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $310.00 target price on shares of American Express in a research note on Monday, April 21st. Finally, Monness Crespi & Hardt raised their price target on shares of American Express from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, American Express has a consensus rating of "Hold" and an average price target of $295.25.
View Our Latest Report on AXP
Insiders Place Their Bets
In other news, insider Glenda G. Mcneal sold 3,019 shares of American Express 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 sale, the insider owned 10,919 shares of the company's stock, valued at $2,889,822.54. The trade was a 21.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the 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 directly owned 9,402 shares of the company's stock, valued at $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 corporate insiders.
American Express Stock Performance
Shares of NYSE:AXP traded down $4.37 on Monday, reaching $323.76. The company's stock had a trading volume of 425,188 shares, compared to its average volume of 3,018,186. 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 $226.82 billion, a P/E ratio of 22.59, a PEG ratio of 1.60 and a beta of 1.25. The stock's 50-day moving average is $295.62 and its two-hundred day moving average is $289.83. 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 posted its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.17. The company had revenue of $16.97 billion during the quarter, compared to analysts' expectations of $17.04 billion. American Express had a return on equity of 32.48% and a net margin of 15.31%. During the same period last year, the firm earned $3.33 EPS. As a group, sell-side analysts forecast that American Express Company will post 15.33 EPS for the current year.
American Express Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be paid a $0.82 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 annualized dividend and a yield of 1.01%. American Express's dividend payout ratio is currently 22.91%.
American Express Profile
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Free Report)
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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