Moody Lynn & Lieberson LLC Has $4.56 Million Stock Position in American Express (NYSE:AXP)

Moody Lynn & Lieberson LLC reduced its stake in shares of American Express (NYSE:AXP) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,357 shares of the payment services company’s stock after selling 592 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in American Express were worth $4,558,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of American Express by 0.8% in the third 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 buying an additional 86,100 shares during the period. FMR LLC raised its holdings in American Express by 8.5% in the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after acquiring an additional 866,110 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of American Express by 5.5% in 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 grew its holdings 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 worth $1,074,168,000 after purchasing an additional 33,193 shares in the last quarter. Finally, Nordea Investment Management AB increased its position 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 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.

Analyst Ratings Changes

AXP has been the subject of several research reports. Wells Fargo & Company raised 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. Barclays raised their price objective 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. Compass Point upped their target price on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Truist Financial assumed coverage on shares of American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target for the company. Finally, Monness Crespi & Hardt increased their target price on American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $281.00.

Insider Transactions at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares of the company’s stock, valued at $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 corporate insiders.

American Express Stock Down 1.5 %

NYSE:AXP opened at $320.87 on Friday. The stock’s fifty day moving average price is $302.35 and its two-hundred day moving average price is $274.66. The company has a market cap of $226.04 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.51 and a beta of 1.23. American Express has a 52-week low of $186.43 and a 52-week high of $326.27. 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 (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. On average, analysts anticipate that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

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

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.