Yousif Capital Management LLC Decreases Holdings in American Express (NYSE:AXP)

Yousif Capital Management LLC cut its position in American Express (NYSE:AXP - Free Report) by 4.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,258 shares of the payment services company's stock after selling 3,164 shares during the period. Yousif Capital Management LLC's holdings in American Express were worth $19,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Capital & Planning LLC purchased a new position in shares of American Express in the fourth quarter worth about $213,000. Brighton Jones LLC raised its holdings 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 valued at $1,924,000 after acquiring an additional 1,273 shares during the last quarter. Empowered Funds LLC lifted its stake in American Express by 157.3% in the 4th quarter. Empowered Funds LLC now owns 36,765 shares of the payment services company's stock worth $10,911,000 after purchasing an additional 22,474 shares in the last quarter. Wealthstar Advisors LLC purchased a new position in American Express in the 4th quarter worth approximately $309,000. Finally, Angeles Wealth Management LLC boosted its holdings in shares of American Express by 5.4% during the 4th quarter. Angeles Wealth Management LLC now owns 2,040 shares of the payment services company's stock worth $605,000 after purchasing an additional 105 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Howard Grosfield sold 9,450 shares of American Express stock in a transaction on 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 completion of the transaction, the insider now directly owns 9,402 shares in the company, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of American Express 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 completion of the transaction, the insider now owns 10,919 shares of the company's stock, valued at $2,889,822.54. The trade was a 21.66% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

AXP has been the topic of a number of analyst reports. Redburn Atlantic upgraded American Express from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $270.00 to $255.00 in a research report on Wednesday, April 23rd. The Goldman Sachs Group cut their target price on American Express from $367.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Robert W. Baird raised shares of American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price target on the stock in a research report on Friday, March 14th. JPMorgan Chase & Co. upped their price objective on shares of American Express from $244.00 to $260.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Finally, Truist Financial lifted their target price on shares of American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $296.05.

American Express Trading Down 0.1%

Shares of AXP traded down $0.28 during midday trading on Wednesday, hitting $299.25. 2,013,499 shares of the stock were exchanged, compared to its average volume of 2,822,169. American Express has a 52-week low of $220.43 and a 52-week high of $326.28. 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 stock has a fifty day simple moving average of $275.16 and a 200 day simple moving average of $289.15. The firm has a market cap of $209.65 billion, a P/E ratio of 21.36, a P/E/G ratio of 1.41 and a beta of 1.25.

American Express (NYSE:AXP - Get Free Report) last announced its 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 company had revenue of $16.97 billion during the quarter, compared to analysts' expectations of $17.04 billion. American Express had a return on equity of 32.65% and a net margin of 15.36%. During the same period last year, the business posted $3.33 EPS. On average, research analysts anticipate 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.