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Mutual of America Capital Management LLC Sells 2,126 Shares of American Express Company (NYSE:AXP)

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Mutual of America Capital Management LLC lowered its position in American Express Company (NYSE:AXP - Free Report) by 3.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,544 shares of the payment services company's stock after selling 2,126 shares during the period. Mutual of America Capital Management LLC's holdings in American Express were worth $17,366,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AXP. Norges Bank bought a new position in shares of American Express in the 4th quarter worth approximately $1,785,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of American Express by 463.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,357,487 shares of the payment services company's stock worth $1,293,259,000 after acquiring an additional 3,583,959 shares in the last quarter. GAMMA Investing LLC raised its position in shares of American Express by 27,625.2% in the 1st quarter. GAMMA Investing LLC now owns 2,162,846 shares of the payment services company's stock worth $581,914,000 after acquiring an additional 2,155,045 shares in the last quarter. Capital Research Global Investors raised its position in shares of American Express by 186.3% in the 4th quarter. Capital Research Global Investors now owns 2,986,710 shares of the payment services company's stock worth $886,426,000 after acquiring an additional 1,943,463 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in American Express by 346.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,021,873 shares of the payment services company's stock valued at $600,072,000 after buying an additional 1,568,747 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AXP. Keefe, Bruyette & Woods raised their price objective on American Express from $360.00 to $371.00 and gave the company an "outperform" rating in a research report on Wednesday. Redburn Atlantic raised American Express from a "sell" rating to a "neutral" rating and reduced their price objective for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Monness Crespi & Hardt raised their price objective on American Express from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Truist Financial raised their price objective on American Express from $335.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their price objective on American Express from $367.00 to $330.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $305.74.

Read Our Latest Analysis on AXP

American Express Stock Performance

Shares of AXP traded down $5.75 during trading hours on Friday, hitting $319.49. The stock had a trading volume of 2,090,080 shares, compared to its average volume of 2,848,618. 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 Company has a 12 month low of $220.43 and a 12 month high of $329.14. The firm has a market capitalization of $223.83 billion, a PE ratio of 22.31, a PEG ratio of 1.55 and a beta of 1.25. The stock has a fifty day moving average price of $300.79 and a 200 day moving average price of $290.59.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, beating 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 business had revenue of $16.97 billion during the quarter, compared to analyst estimates of $17.04 billion. During the same quarter in the previous year, the company posted $3.33 earnings per share. Analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a $0.82 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 annualized dividend and a dividend yield of 1.03%. American Express's payout ratio is 22.91%.

Insider Activity

In other 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 value of $2,603,475.00. Following the transaction, the insider directly owned 9,402 shares in the company, valued at $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of the business'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 completion of the sale, the insider owned 10,919 shares in the company, valued at $2,889,822.54. This represents 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 owned by insiders.

American Express Profile

(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.

See Also

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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