Sawyer & Company Inc lowered its position in shares of American Express Company (NYSE:AXP) by 8.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,320 shares of the payment services company's stock after selling 972 shares during the quarter. Sawyer & Company Inc's holdings in American Express were worth $2,777,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Boston Financial Mangement LLC lifted its holdings in American Express by 0.9% during the fourth quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company's stock valued at $1,189,000 after purchasing an additional 34 shares in the last quarter. Trillium Asset Management LLC raised its position in shares of 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 valued at $727,000 after buying an additional 35 shares during the last quarter. Zions Bancorporation N.A. lifted its holdings in shares of American Express by 2.4% in 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 in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of American Express by 2.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,317 shares of the payment services company's stock worth $391,000 after buying an additional 36 shares in the last quarter. Finally, Arista Wealth Management LLC lifted its holdings in shares of American Express by 1.7% in 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 in the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.
American Express Trading Up 0.7%
AXP stock opened at $298.50 on Friday. 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 twelve month low of $220.43 and a twelve month high of $326.28. The stock has a market capitalization of $209.13 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.44 and a beta of 1.25. The firm's fifty day simple moving average is $283.36 and its two-hundred day simple moving average is $288.77.
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, beating analysts' consensus estimates of $3.47 by $0.17. American Express had a net margin of 15.31% and a return on equity of 32.48%. The business had revenue of $16.97 billion for the quarter, compared to analysts' expectations of $17.04 billion. During the same quarter in the previous year, the business posted $3.33 earnings per share. As a group, analysts anticipate that American Express Company will post 15.33 earnings per share 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 given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, July 3rd. American Express's dividend payout ratio (DPR) is 22.91%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on AXP shares. Argus downgraded shares of American Express from a "strong-buy" rating to a "hold" rating in a report on Friday, March 14th. BTIG Research lowered their target price on shares of American Express from $272.00 to $240.00 and set a "sell" rating on the stock in a report on Monday, April 21st. Monness Crespi & Hardt boosted their target price on shares of American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Redburn Atlantic raised shares of American Express from a "sell" rating to a "neutral" rating and lowered their target price for the stock from $270.00 to $255.00 in a report on Wednesday, April 23rd. Finally, Robert W. Baird raised shares of American Express from an "underperform" rating to a "neutral" rating and set a $265.00 target price on the stock in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $296.05.
Get Our Latest Stock Analysis on American Express
Insider Buying and Selling at American Express
In other news, insider Glenda G. Mcneal sold 3,019 shares of the company's 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 transaction, the insider now directly owns 10,919 shares in the company, valued at approximately $2,889,822.54. This represents a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Howard Grosfield sold 9,450 shares of the company's 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 completion of the transaction, the insider now owns 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 disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.
About American Express
(
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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