OneDigital Investment Advisors LLC Sells 3,082 Shares of American Express Company (NYSE:AXP)

OneDigital Investment Advisors LLC decreased its position in American Express Company (NYSE:AXP) by 14.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,658 shares of the payment services company's stock after selling 3,082 shares during the period. OneDigital Investment Advisors LLC's holdings in American Express were worth $4,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AXP. Avantax Planning Partners Inc. lifted its holdings in American Express by 12.1% during the 1st quarter. Avantax Planning Partners Inc. now owns 2,824 shares of the payment services company's stock worth $760,000 after purchasing an additional 305 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of American Express by 10.5% during the 1st quarter. Silver Oak Securities Incorporated now owns 1,574 shares of the payment services company's stock valued at $418,000 after purchasing an additional 150 shares during the period. Calamos Wealth Management LLC raised its position in shares of American Express by 1.1% during the 1st quarter. Calamos Wealth Management LLC now owns 53,852 shares of the payment services company's stock valued at $14,489,000 after buying an additional 566 shares in the last quarter. Calamos Advisors LLC increased its position in shares of American Express by 0.7% during the first quarter. Calamos Advisors LLC now owns 202,571 shares of the payment services company's stock worth $54,502,000 after acquiring an additional 1,415 shares during the period. Finally, Conning Inc. grew its position in shares of American Express by 36.5% in the 1st quarter. Conning Inc. now owns 5,759 shares of the payment services company's stock worth $1,549,000 after buying an additional 1,541 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Robert W. Baird upgraded American Express from an "underperform" rating to a "neutral" rating and set a $265.00 target price on the stock in a research note on Friday, March 14th. Citigroup restated a "neutral" rating and issued a $327.00 target price (up previously from $300.00) on shares of American Express in a research note on Wednesday. William Blair reiterated an "outperform" rating on shares of American Express in a research note on Wednesday. Royal Bank Of Canada restated an "outperform" rating and set a $310.00 price objective on shares of American Express in a research note on Monday, April 21st. Finally, Bank of America upgraded 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 report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, American Express currently has an average rating of "Hold" and a consensus target price of $295.25.

Insider Activity

In other news, insider Howard Grosfield sold 9,450 shares of American Express 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 transaction, the insider owned 9,402 shares in the company, valued at approximately $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Glenda G. Mcneal sold 3,019 shares of the 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 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 disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

American Express Trading Up 0.8%

AXP opened at $328.36 on Friday. The firm's fifty day moving average is $295.62 and its two-hundred day moving average is $289.84. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market cap of $230.05 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. American Express Company has a twelve month low of $220.43 and a twelve month high of $329.14.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.17. The business had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. American Express had a net margin of 15.31% and a return on equity of 32.48%. During the same quarter in the prior year, the business earned $3.33 EPS. Equities research analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $3.28 annualized dividend and a yield of 1.00%. American Express's dividend payout ratio is presently 22.91%.

American Express 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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