Fortune Financial Advisors LLC decreased its position in American Express (NYSE:AXP) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,569 shares of the payment services company’s stock after selling 46 shares during the quarter. Fortune Financial Advisors LLC’s holdings in American Express were worth $763,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC raised its stake in shares of American Express by 26,783.5% in the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after acquiring an additional 906,353 shares in the last quarter. FMR LLC raised its stake 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 valued at $2,984,208,000 after purchasing an additional 866,110 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of American Express by 59,816.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after purchasing an additional 681,304 shares during the period. World Investment Advisors LLC raised its holdings in American Express by 35,213.7% in the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after acquiring an additional 316,219 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of American Express by 73.7% in the third quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after purchasing an additional 300,138 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
American Express Trading Up 1.1 %
AXP opened at $318.84 on Friday. American Express has a fifty-two week low of $199.88 and a fifty-two week high of $326.27. The company has a market cap of $224.61 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a 50 day simple moving average of $304.15 and a 200 day simple moving average of $276.54.
American Express Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is currently 19.99%.
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, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the transaction, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.
Analyst Ratings Changes
AXP has been the topic of a number of analyst reports. Monness Crespi & Hardt upped their target price on shares of American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Monday. Compass Point cut their price objective on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a report on Monday. Citigroup upped their target price on shares of American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday. TD Cowen upped their price objective on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods increased their price target on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday. 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $294.95.
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.
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