Radnor Capital Management LLC Sells 5,485 Shares of American Express (NYSE:AXP)

Radnor Capital Management LLC cut its holdings in shares of American Express (NYSE:AXP) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,434 shares of the payment services company’s stock after selling 5,485 shares during the quarter. American Express accounts for 2.0% of Radnor Capital Management LLC’s holdings, making the stock its 7th largest position. Radnor Capital Management LLC’s holdings in American Express were worth $12,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXP. Prospera Private Wealth LLC bought a new stake in American Express during the third quarter worth $27,000. Kennebec Savings Bank bought a new stake in shares of American Express during the 3rd quarter worth $29,000. True Wealth Design LLC boosted its stake in American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in American Express in the third quarter valued at about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in American Express in the third quarter valued at about $46,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AXP has been the topic of a number of research analyst reports. Compass Point raised their price target on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. BTIG Research cut American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price for the company. in a report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday. Hsbc Global Res downgraded American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their target price on shares of American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, American Express has an average rating of “Hold” and an average price target of $278.09.

Insider Activity

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the transaction, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the sale, the insider now directly owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. The trade was a 41.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,998 shares of company stock worth $26,423,439 in the last three months. Company insiders own 0.12% of the company’s stock.

American Express Trading Up 1.1 %

Shares of AXP stock opened at $300.23 on Wednesday. The company has a market cap of $211.50 billion, a P/E ratio of 22.09, a PEG ratio of 1.73 and a beta of 1.23. American Express has a fifty-two week low of $177.81 and a fifty-two week high of $307.82. The stock has a 50 day simple moving average of $297.91 and a two-hundred day simple moving average of $270.60. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.22. The company had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. American Express’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.30 EPS. Research analysts forecast that American Express will post 13.4 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.93%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

American Express Company 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.