American Express (NYSE:AXP) Shares Sold by Pflug Koory LLC

Pflug Koory LLC lessened its holdings in shares of American Express (NYSE:AXP) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,644 shares of the payment services company’s stock after selling 35 shares during the quarter. Pflug Koory LLC’s holdings in American Express were worth $1,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AXP. Auxier Asset Management increased its stake in shares of American Express by 0.5% in the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after buying an additional 35 shares during the last quarter. Abel Hall LLC grew its holdings in American Express by 3.6% during the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after acquiring an additional 35 shares in the last quarter. Sunflower Bank N.A. increased its position in shares of American Express by 0.9% in the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock worth $1,203,000 after purchasing an additional 35 shares during the last quarter. Sovereign Financial Group Inc. raised its stake in shares of American Express by 2.7% in the 3rd quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company’s stock valued at $398,000 after purchasing an additional 38 shares in the last quarter. Finally, Lmcg Investments LLC lifted its position in shares of American Express by 2.0% during the fourth quarter. Lmcg Investments LLC now owns 1,988 shares of the payment services company’s stock worth $590,000 after purchasing an additional 39 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Down 1.5 %

AXP stock opened at $320.87 on Friday. The company has a market capitalization of $226.04 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 52 week low of $186.43 and a 52 week high of $326.27. The firm’s 50-day moving average is $301.67 and its two-hundred day moving average is $274.06.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. On average, analysts forecast that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.87%. American Express’s dividend payout ratio is currently 20.60%.

Analyst Ratings Changes

Several analysts have issued reports on AXP shares. BTIG Research upped their price objective on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research note on Friday. Hsbc Global Res cut American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Evercore ISI boosted their target price on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research note on Monday, October 7th. Wells Fargo & Company increased their target price on shares of American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Finally, Truist Financial started coverage on shares of American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target for the company. Three equities research 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $281.00.

Insider Activity

In other news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the transaction, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This represents a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

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.