West Oak Capital LLC Has $3.46 Million Position in American Express (NYSE:AXP)

West Oak Capital LLC decreased its position in American Express (NYSE:AXP - Free Report) by 9.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,862 shares of the payment services company's stock after selling 1,405 shares during the quarter. American Express accounts for 1.3% of West Oak Capital LLC's portfolio, making the stock its 17th largest position. West Oak Capital LLC's holdings in American Express were worth $3,461,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Keybank National Association OH increased its stake in shares of American Express by 3.7% during the fourth quarter. Keybank National Association OH now owns 349,937 shares of the payment services company's stock valued at $103,858,000 after buying an additional 12,364 shares during the period. Edge Capital Group LLC grew its stake in American Express by 20.9% in the fourth quarter. Edge Capital Group LLC now owns 6,451 shares of the payment services company's stock worth $1,915,000 after purchasing an additional 1,113 shares during the period. Game Plan Financial Advisors LLC grew its stake in American Express by 17.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 18,982 shares of the payment services company's stock worth $5,638,000 after purchasing an additional 2,826 shares during the period. NewEdge Wealth LLC grew its stake in American Express by 6.0% in the fourth quarter. NewEdge Wealth LLC now owns 26,102 shares of the payment services company's stock worth $7,747,000 after purchasing an additional 1,471 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in American Express by 11.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 50,009 shares of the payment services company's stock worth $14,842,000 after purchasing an additional 4,959 shares during the period. Institutional investors own 84.33% of the company's stock.

American Express Price Performance

Shares of American Express stock traded down $10.37 during trading on Friday, hitting $287.62. 3,405,421 shares of the company were exchanged, compared to its average volume of 2,819,585. 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 has a fifty-two week low of $220.43 and a fifty-two week high of $326.28. The stock has a market capitalization of $201.50 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.41 and a beta of 1.25. The firm has a 50 day moving average price of $278.89 and a 200 day moving average price of $288.94.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.17. The company had revenue of $16.97 billion for the quarter, compared to analyst estimates 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 prior year, the company posted $3.33 EPS. On average, equities analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Glenda G. Mcneal sold 3,019 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total transaction of $799,008.54. Following the transaction, the insider now owns 10,919 shares in the company, valued at $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Howard Grosfield sold 9,450 shares of American Express stock in a transaction that occurred on 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. This trade represents a 50.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AXP shares. Bank of America raised American Express from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $325.00 to $274.00 in a research note on Friday, April 11th. The Goldman Sachs Group dropped their target price on American Express from $367.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Argus downgraded American Express from a "strong-buy" rating to a "hold" rating in a report on Friday, March 14th. Truist Financial boosted their target price on American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, BTIG Research lowered their price target on American Express from $272.00 to $240.00 and set a "sell" rating on the stock in a 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 stock. According to MarketBeat, American Express presently has an average rating of "Hold" and a consensus price target of $296.05.

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.