Teamwork Financial Advisors LLC Decreases Position in American Express (NYSE:AXP)

Teamwork Financial Advisors LLC decreased its holdings in American Express (NYSE:AXP - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,928 shares of the payment services company's stock after selling 4,285 shares during the quarter. Teamwork Financial Advisors LLC's holdings in American Express were worth $3,748,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital & Planning LLC bought a new stake in shares of American Express in the 4th quarter worth $213,000. Brighton Jones LLC grew its position in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock worth $1,924,000 after purchasing an additional 1,273 shares in the last quarter. Spire Wealth Management increased its stake in American Express by 7.3% in the 4th quarter. Spire Wealth Management now owns 3,561 shares of the payment services company's stock valued at $1,057,000 after buying an additional 241 shares during the last quarter. Golden State Equity Partners boosted its stake in shares of American Express by 171.7% in the 4th quarter. Golden State Equity Partners now owns 1,076 shares of the payment services company's stock worth $319,000 after buying an additional 680 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in shares of American Express by 5.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,588 shares of the payment services company's stock valued at $2,252,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

Insider Transactions at American Express

In other news, Director Michael J. Angelakis acquired 3,700 shares of the business's stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $269.89 per share, with a total value of $998,593.00. Following the transaction, the director now owns 3,700 shares in the company, valued at $998,593. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 owns 9,402 shares in the company, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AXP has been the topic of several research reports. Redburn Atlantic raised shares of American Express from a "sell" rating to a "neutral" rating and lowered their price objective for the stock from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Citigroup dropped their price objective on American Express from $320.00 to $300.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. raised their target price on American Express from $244.00 to $260.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Truist Financial increased their price target on American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, William Blair reaffirmed an "outperform" rating on shares of American Express in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $296.05.

American Express Trading Down 0.0%

NYSE:AXP traded down $0.04 during trading hours on Thursday, reaching $295.89. The company's stock had a trading volume of 1,696,788 shares, compared to its average volume of 2,833,586. 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 capitalization of $207.30 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.41 and a beta of 1.25. The firm has a 50-day simple moving average of $272.42 and a 200-day simple moving average of $288.90. American Express has a 1 year low of $220.43 and a 1 year high of $326.28.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.47 by $0.17. The firm had revenue of $16.97 billion for the quarter, compared to the consensus estimate of $17.04 billion. American Express had a return on equity of 32.65% and a net margin of 15.36%. During the same quarter in the previous year, the business earned $3.33 earnings per share. Research analysts expect that American Express will post 15.33 EPS for the current fiscal year.

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.