UMB Bank n.a. Lowers Stock Position in American Express (NYSE:AXP)

UMB Bank n.a. lowered its position in American Express (NYSE:AXP) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,858 shares of the payment services company’s stock after selling 275 shares during the period. UMB Bank n.a.’s holdings in American Express were worth $6,487,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in American Express by 0.8% during the third quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock worth $3,104,735,000 after buying an additional 86,100 shares during the last quarter. FMR LLC increased its holdings in American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after buying an additional 866,110 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in American Express by 5.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock worth $1,249,415,000 after buying an additional 239,173 shares during the last quarter. Janus Henderson Group PLC increased its holdings in American Express by 0.8% during the third quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock worth $1,074,168,000 after buying an additional 33,193 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in American Express by 12.7% during the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after buying an additional 247,864 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,998 shares of company stock worth $26,423,439. 0.11% of the stock is currently owned by insiders.

American Express Trading Up 0.4 %

Shares of American Express stock opened at $312.75 on Monday. American Express has a 1 year low of $177.81 and a 1 year high of $315.40. The firm has a market cap of $220.32 billion, a PE ratio of 23.01, a PEG ratio of 1.38 and a beta of 1.23. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The company has a 50 day simple moving average of $299.26 and a two-hundred day simple moving average of $271.98.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. The business 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% on a year-over-year basis. During the same period in the previous year, the business posted $3.30 earnings per share. Analysts expect that American Express will post 13.48 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. American Express’s payout ratio is 20.60%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AXP. TD Cowen raised their price objective on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Monday, October 21st. UBS Group increased their target price on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Barclays increased their target price on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Truist Financial began coverage on shares of American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, American Express has a consensus rating of “Hold” and a consensus price target of $278.09.

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.