American Express (NYSE:AXP) Shares Sold by BayBridge Capital Group LLC

BayBridge Capital Group LLC trimmed its holdings in shares of American Express (NYSE:AXP) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,702 shares of the payment services company’s stock after selling 46 shares during the period. American Express accounts for about 1.2% of BayBridge Capital Group LLC’s holdings, making the stock its 18th largest holding. BayBridge Capital Group LLC’s holdings in American Express were worth $1,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Marshall Wace LLP lifted its position in shares of American Express by 105.4% during the 2nd quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock worth $232,000 after buying an additional 19,400 shares during the last quarter. CWM LLC boosted its stake in American Express by 8.8% in the third quarter. CWM LLC now owns 22,983 shares of the payment services company’s stock valued at $6,233,000 after acquiring an additional 1,857 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of American Express by 6.4% during the third quarter. UMB Bank n.a. now owns 22,133 shares of the payment services company’s stock worth $6,002,000 after purchasing an additional 1,340 shares during the last quarter. Quotient Wealth Partners LLC increased its position in shares of American Express by 3.7% during the third quarter. Quotient Wealth Partners LLC now owns 2,037 shares of the payment services company’s stock worth $553,000 after purchasing an additional 73 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of American Express in the 3rd quarter valued at about $8,145,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Express news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction 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 sale, the insider now owns 23,866 shares in the company, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,664 shares of company stock worth $9,613,503 in the last three months. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AXP shares. Truist Financial began coverage on American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. Keefe, Bruyette & Woods lifted their target price on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, January 27th. BTIG Research increased their price target on shares of American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. 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, January 14th. Finally, Monness Crespi & Hardt increased their target price on shares of American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $296.38.

American Express Trading Down 1.1 %

Shares of AXP opened at $316.72 on Friday. American Express has a twelve month low of $207.61 and a twelve month high of $326.27. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $223.11 billion, a P/E ratio of 22.61, a PEG ratio of 1.49 and a beta of 1.24. The firm’s 50-day moving average is $306.05 and its two-hundred day moving average is $279.30.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, research analysts predict that American Express will post 15.3 earnings per share for the current fiscal year.

American Express Announces Dividend

The company 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 dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is presently 19.99%.

About American Express

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.