Godsey & Gibb Inc. Has $325,000 Stock Position in American Express (NYSE:AXP)

Godsey & Gibb Inc. cut its holdings in American Express (NYSE:AXP) by 10.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,096 shares of the payment services company’s stock after selling 131 shares during the period. Godsey & Gibb Inc.’s holdings in American Express were worth $325,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC increased its holdings in shares of American Express by 2.8% during the fourth quarter. Wolff Wiese Magana LLC now owns 9,929 shares of the payment services company’s stock worth $2,947,000 after purchasing an additional 270 shares during the period. Founders Grove Wealth Partners LLC bought a new stake in shares of American Express in the fourth quarter valued at approximately $298,000. Richard P Slaughter Associates Inc acquired a new stake in American Express during the fourth quarter worth approximately $219,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in American Express by 76.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,757 shares of the payment services company’s stock worth $521,000 after acquiring an additional 762 shares during the period. Finally, Park Avenue Securities LLC increased its stake in American Express by 54.0% during the 4th quarter. Park Avenue Securities LLC now owns 25,266 shares of the payment services company’s stock worth $7,499,000 after acquiring an additional 8,862 shares during the period. 84.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AXP shares. UBS Group increased their target price on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday. Wells Fargo & Company increased their price objective on shares of American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price on the stock. in a report on Tuesday, October 8th. Barclays upped their price target on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $278.09.

Insider Buying and Selling at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction on 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 sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. 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 sale, the insider now owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,998 shares of company stock valued at $26,423,439. 0.12% of the stock is currently owned by company insiders.

American Express Price Performance

AXP stock opened at $312.51 on Thursday. The company has a market capitalization of $220.15 billion, a P/E ratio of 23.00, a PEG ratio of 1.73 and a beta of 1.23. The company has a fifty day moving average price of $297.91 and a 200-day moving average price of $270.60. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a 52-week low of $177.81 and a 52-week high of $313.96.

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, topping 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 return on equity of 32.46% and a net margin of 15.32%. American Express’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $3.30 EPS. As a group, equities analysts expect that American Express will post 13.4 EPS for the current year.

American Express Announces Dividend

The business 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. This represents a $2.80 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is presently 20.60%.

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.