American Express (NYSE:AXP) Shares Sold by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co trimmed its position in shares of American Express (NYSE:AXP) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 2,762 shares of the payment services company’s stock after selling 80 shares during the period. Indiana Trust & Investment Management Co’s holdings in American Express were worth $820,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of American Express by 0.8% during the third quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock worth $3,104,735,000 after buying an additional 86,100 shares during the period. 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 acquiring an additional 866,110 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $1,249,415,000 after acquiring an additional 239,173 shares in the last quarter. Janus Henderson Group PLC boosted its position in 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 acquiring an additional 33,193 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of American Express by 12.7% in the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after purchasing an additional 247,864 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AXP shares. Royal Bank of Canada lifted their price objective on shares of American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Citigroup boosted their price target on shares of American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. BTIG Research increased their price objective on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Evercore ISI boosted their target price on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a report on Monday, January 27th. Finally, UBS Group upped their target price on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus price target of $296.38.

Insider Activity

In other American Express news, insider Raymond Joabar sold 15,179 shares of the 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 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 position. The transaction 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 business’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 transaction, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,664 shares of company stock worth $9,613,503. 0.11% of the stock is owned by corporate insiders.

American Express Price Performance

NYSE AXP opened at $309.61 on Wednesday. American Express has a 1 year low of $207.61 and a 1 year high of $326.27. The stock’s 50-day moving average price is $306.45 and its two-hundred day moving average price is $280.80. The company has a market cap of $218.11 billion, a PE ratio of 22.10, a PEG ratio of 1.50 and a beta of 1.24. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, analysts predict that American Express will post 15.32 EPS for the current year.

American Express Announces Dividend

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

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.