Mathes Company Inc. Sells 710 Shares of American Express (NYSE:AXP)

Mathes Company Inc. reduced its position in shares of American Express (NYSE:AXP) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,770 shares of the payment services company’s stock after selling 710 shares during the quarter. American Express comprises approximately 1.8% of Mathes Company Inc.’s holdings, making the stock its 19th largest holding. Mathes Company Inc.’s holdings in American Express were worth $4,977,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AXP. International Assets Investment Management LLC boosted its position in shares of American Express by 26,783.5% during 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 during the last quarter. FMR LLC boosted its position in shares of 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 during the last quarter. Pathway Financial Advisers LLC boosted its position 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 valued at $185,079,000 after acquiring an additional 681,304 shares during the last quarter. World Investment Advisors LLC raised its holdings in American Express by 35,213.7% during 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 buying an additional 316,219 shares during the period. Finally, National Bank of Canada FI raised its holdings in American Express by 73.7% during the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after buying an additional 300,138 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of American Express stock opened at $311.37 on Monday. American Express has a 12 month low of $209.10 and a 12 month high of $326.27. The stock’s fifty day moving average price is $306.96 and its 200-day moving average price is $282.25. The firm has a market cap of $218.74 billion, a P/E ratio of 22.22, a P/E/G 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 issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating 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, equities research analysts expect that American Express will post 15.32 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s payout ratio is currently 19.99%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen increased their price target on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Compass Point decreased their price target on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Barclays increased their price target on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods increased their price target on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Finally, Truist Financial began coverage on American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $296.38.

Insider Activity at American Express

In other American Express 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 value of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now directly owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,664 shares of company stock valued at $9,613,503 over the last quarter. 0.12% of the stock is owned by corporate insiders.

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.