American Express (NYSE:AXP) Shares Sold by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC lowered its holdings in shares of American Express (NYSE:AXP) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,446 shares of the payment services company’s stock after selling 108 shares during the period. Plimoth Trust Co. LLC’s holdings in American Express were worth $2,803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position 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 acquiring an additional 86,100 shares during the last quarter. FMR LLC grew its holdings in shares of 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 in the last quarter. Janus Henderson Group PLC grew its holdings in shares of 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 in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling

In other news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

American Express Stock Up 0.2 %

Shares of AXP stock traded up $0.76 on Wednesday, hitting $317.80. The company’s stock had a trading volume of 216,907 shares, compared to its average volume of 2,621,466. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. American Express has a fifty-two week low of $199.88 and a fifty-two week high of $326.27. The firm’s fifty day moving average price is $303.60 and its 200-day moving average price is $276.27. The stock has a market capitalization of $223.87 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 1.51 and a beta of 1.23.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) 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%. Research analysts anticipate that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors 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 annualized dividend and a yield of 0.88%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Analyst Ratings Changes

Several brokerages recently weighed in on AXP. Wells Fargo & Company increased their target price on American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price target on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday. Truist Financial initiated coverage on American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target for the company. Citigroup raised their target price on American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Compass Point lowered their target price on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research note on Monday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, American Express presently has an average rating of “Hold” and an average price target of $291.50.

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.