American Express (NYSE:AXP) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lessened its stake in shares of American Express (NYSE:AXP) by 44.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,043 shares of the payment services company’s stock after selling 5,554 shares during the quarter. Essex Investment Management Co. LLC’s holdings in American Express were worth $1,051,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bison Wealth LLC raised its position in American Express by 2.1% in the second quarter. Bison Wealth LLC now owns 20,444 shares of the payment services company’s stock worth $3,561,000 after acquiring an additional 416 shares in the last quarter. National Bank of Canada FI raised its position in American Express by 25.0% in the third quarter. National Bank of Canada FI now owns 499,340 shares of the payment services company’s stock worth $74,584,000 after acquiring an additional 99,813 shares in the last quarter. Beutel Goodman & Co Ltd. raised its position in American Express by 7.6% in the second quarter. Beutel Goodman & Co Ltd. now owns 1,785,141 shares of the payment services company’s stock worth $310,971,000 after acquiring an additional 125,990 shares in the last quarter. GYL Financial Synergies LLC grew its holdings in American Express by 1.0% in the third quarter. GYL Financial Synergies LLC now owns 23,987 shares of the payment services company’s stock valued at $3,579,000 after purchasing an additional 242 shares during the last quarter. Finally, Portside Wealth Group LLC acquired a new stake in American Express in the second quarter valued at $20,270,000. Hedge funds and other institutional investors own 83.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AXP. Citigroup raised American Express from a “sell” rating to a “neutral” rating and upped their target price for the company from $143.00 to $154.00 in a report on Wednesday, October 25th. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Piper Sandler raised American Express from an “underweight” rating to a “neutral” rating and upped their target price for the company from $150.00 to $151.00 in a report on Tuesday, October 24th. DZ Bank lowered American Express from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, Oppenheimer upped their target price on American Express from $208.00 to $219.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $189.00.

Read Our Latest Stock Analysis on American Express

American Express Stock Up 0.6 %

Shares of NYSE:AXP opened at $212.47 on Monday. The stock’s 50-day moving average price is $187.08 and its two-hundred day moving average price is $167.56. The company has a current ratio of 1.75, a quick ratio of 1.60 and a debt-to-equity ratio of 1.71. American Express has a 12-month low of $140.91 and a 12-month high of $214.25. The firm has a market cap of $153.66 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.15 and a beta of 1.23.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings results on Friday, January 26th. The payment services company reported $2.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.02). American Express had a return on equity of 31.01% and a net margin of 13.84%. The business had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16 billion. During the same period in the previous year, the business posted $2.07 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. On average, research analysts forecast that American Express will post 12.83 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 5th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. American Express’s dividend payout ratio (DPR) is 21.41%.

Insider Transactions at American Express

In other news, Vice Chairman Jeffrey C. Campbell sold 21,008 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $168.33, for a total value of $3,536,276.64. Following the transaction, the insider now directly owns 125,646 shares in the company, valued at approximately $21,149,991.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Howard Grosfield sold 7,029 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $203.65, for a total transaction of $1,431,455.85. Following the sale, the insider now directly owns 12,388 shares in the company, valued at approximately $2,522,816.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Jeffrey C. Campbell sold 21,008 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $168.33, for a total value of $3,536,276.64. Following the sale, the insider now owns 125,646 shares in the company, valued at $21,149,991.18. The disclosure for this sale can be found here. Insiders have sold a total of 39,381 shares of company stock worth $6,769,954 in the last three months. 0.12% of the stock is currently owned by company insiders.

American Express Company Profile

(Free Report)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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