American Express (NYSE:AXP) Shares Sold by Mather Group LLC.

Mather Group LLC. lowered its holdings in shares of American Express (NYSE:AXP) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,599 shares of the payment services company’s stock after selling 331 shares during the period. Mather Group LLC.’s holdings in American Express were worth $1,662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AXP. Prospera Private Wealth LLC acquired a new stake in shares of American Express during the 3rd quarter worth about $27,000. Kennebec Savings Bank purchased a new stake in American Express in the 3rd quarter worth approximately $29,000. True Wealth Design LLC raised its holdings in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of American Express during the 3rd quarter worth $38,000. Finally, Financial Life Planners acquired a new stake in shares of American Express during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In related news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, the insider now owns 23,866 shares in the company, valued at $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express 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 transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on AXP shares. BTIG Research raised their price target on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. TD Cowen upped their price target on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada lifted their price target on shares of American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Truist Financial assumed coverage on American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Three investment 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 MarketBeat.com, American Express has an average rating of “Hold” and an average target price of $296.38.

American Express Price Performance

AXP stock opened at $315.97 on Wednesday. The company has a market capitalization of $222.59 billion, a PE ratio of 22.55, a P/E/G ratio of 1.49 and a beta of 1.24. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. The stock’s 50 day moving average is $305.20 and its two-hundred day moving average is $278.21. American Express has a 52-week low of $203.42 and a 52-week high of $326.27.

American Express (NYSE:AXP) last posted its quarterly earnings results 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 15.36% and a return on equity of 32.65%. Analysts predict that American Express will post 15.3 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company 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 0.89%. American Express’s dividend payout ratio (DPR) is 19.99%.

About American Express

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.