American Express Company (NYSE:AXP) Shares Sold by Matthew Goff Investment Advisor LLC

Matthew Goff Investment Advisor LLC lessened its stake in shares of American Express Company (NYSE:AXP - Free Report) by 5.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 54,943 shares of the payment services company's stock after selling 3,404 shares during the period. American Express makes up approximately 2.7% of Matthew Goff Investment Advisor LLC's holdings, making the stock its 11th largest holding. Matthew Goff Investment Advisor LLC's holdings in American Express were worth $14,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Silver Oak Securities Incorporated boosted its position in shares of American Express by 10.5% during the first quarter. Silver Oak Securities Incorporated now owns 1,574 shares of the payment services company's stock valued at $418,000 after buying an additional 150 shares during the period. ORG Wealth Partners LLC raised its holdings in shares of American Express by 26.4% in the first quarter. ORG Wealth Partners LLC now owns 1,078 shares of the payment services company's stock worth $292,000 after buying an additional 225 shares during the period. Plimoth Trust Co. LLC lifted its stake in shares of American Express by 4.0% during the 1st quarter. Plimoth Trust Co. LLC now owns 9,824 shares of the payment services company's stock worth $2,643,000 after acquiring an additional 378 shares during the last quarter. Compass Capital Corp MA ADV boosted its holdings in American Express by 56.1% during the 1st quarter. Compass Capital Corp MA ADV now owns 2,035 shares of the payment services company's stock valued at $546,000 after acquiring an additional 731 shares during the period. Finally, Guided Capital Wealth Management LLC boosted its holdings in American Express by 96.5% during the 1st quarter. Guided Capital Wealth Management LLC now owns 4,853 shares of the payment services company's stock valued at $1,306,000 after acquiring an additional 2,383 shares during the period. Hedge funds and other institutional investors own 84.33% of the company's stock.

Insider Buying and Selling at American Express

In other news, insider Howard Grosfield sold 9,450 shares of the business's stock in a transaction on 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 sale, the insider now directly owns 9,402 shares of the company's stock, valued at $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total value of $799,008.54. Following the completion of the transaction, the insider now directly owns 10,919 shares in the company, valued at approximately $2,889,822.54. The trade was a 21.66% 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.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on American Express from $244.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Bank of America upgraded shares of American Express from a "neutral" rating to a "buy" rating and cut their price target for the stock from $325.00 to $274.00 in a report on Friday, April 11th. The Goldman Sachs Group decreased their price objective on shares of American Express from $367.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Baird R W upgraded shares of American Express from a "strong sell" rating to a "hold" rating in a research note on Friday, March 14th. Finally, William Blair reaffirmed an "outperform" rating on shares of American Express in a research report on Monday, April 21st. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $296.05.

American Express Stock Up 1.3%

Shares of AXP traded up $3.73 during trading hours on Thursday, hitting $296.54. The company had a trading volume of 3,690,060 shares, compared to its average volume of 2,824,396. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $207.75 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.43 and a beta of 1.25. American Express Company has a one year low of $220.43 and a one year high of $326.28. The company's fifty day moving average price is $281.42 and its two-hundred day moving average price is $288.84.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.17. The business had revenue of $16.97 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $3.33 earnings per share. As a group, equities analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

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. This represents a $3.28 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, July 3rd. American Express's dividend payout ratio is currently 22.91%.

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.