American Express (NYSE:AXP) Shares Sold by Birchcreek Wealth Management LLC

Birchcreek Wealth Management LLC cut its holdings in shares of American Express (NYSE:AXP) by 11.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,570 shares of the payment services company’s stock after selling 202 shares during the period. Birchcreek Wealth Management LLC’s holdings in American Express were worth $466,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AXP. FMR LLC grew 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 period. World Investment Advisors LLC boosted 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 worth $86,002,000 after buying an additional 316,219 shares during the last quarter. National Bank of Canada FI boosted its holdings in American Express by 73.7% in the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock worth $191,842,000 after buying an additional 300,138 shares during the last quarter. Nordea Investment Management AB boosted its holdings in American Express by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after buying an additional 247,864 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in American Express by 5.5% in 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 worth $1,249,415,000 after buying an additional 239,173 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction on 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 approximately $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction on 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 sale, the insider now directly owns 13,500 shares in the company, valued at $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 company insiders.

American Express Stock Down 2.8 %

Shares of NYSE AXP opened at $295.23 on Monday. The firm has a market cap of $207.41 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.45 and a beta of 1.24. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express has a 52-week low of $212.48 and a 52-week high of $326.27. The business’s 50 day moving average is $307.54 and its two-hundred day moving average is $285.04.

American Express (NYSE:AXP) last announced its 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 return on equity of 32.65% and a net margin of 15.36%. Research analysts predict that American Express will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s payout ratio is 19.99%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AXP shares. Evercore ISI lifted their price objective on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a report on Monday, January 27th. HSBC lifted their price objective on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a report on Friday, January 24th. BTIG Research lifted their price objective on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday, January 24th. UBS Group lifted their price objective on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company boosted their target price on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $296.38.

American Express Company 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.