JFS Wealth Advisors LLC Has $428,000 Position in American Express (NYSE:AXP)

JFS Wealth Advisors LLC trimmed its position in American Express (NYSE:AXP) by 7.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,443 shares of the payment services company’s stock after selling 118 shares during the period. JFS Wealth Advisors LLC’s holdings in American Express were worth $428,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in AXP. Geode Capital Management LLC lifted its position in American Express by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock valued at $3,104,735,000 after purchasing an additional 86,100 shares during the period. FMR LLC grew its holdings in American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after acquiring an additional 866,110 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in American Express by 5.5% during the 3rd 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 acquiring an additional 239,173 shares during the period. Janus Henderson Group PLC raised its position in shares of American Express by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock valued at $1,074,168,000 after acquiring an additional 33,193 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of American Express by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock valued at $655,137,000 after purchasing an additional 247,864 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Express

In other American Express news, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the transaction, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of the firm’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 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. Insiders have sold a total of 30,664 shares of company stock worth $9,613,503 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $311.37 on Tuesday. American Express has a 12 month low of $209.10 and a 12 month high of $326.27. The company’s fifty day simple moving average is $306.96 and its 200-day simple moving average is $282.46. The firm has a market cap of $219.34 billion, a PE ratio of 22.22, a P/E/G ratio of 1.50 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.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping 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%. Equities research analysts expect that American Express will post 15.32 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio (DPR) is 19.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AXP shares. Wells Fargo & Company lifted their price objective on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Royal Bank of Canada upped their price target on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Evercore ISI lifted their price objective on shares of American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research note on Monday, January 27th. UBS Group upped their target price on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and an average price target of $296.38.

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.