Schulhoff & Co. Inc. Sells 70 Shares of American Express (NYSE:AXP)

Schulhoff & Co. Inc. trimmed its position in American Express (NYSE:AXP) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,300 shares of the payment services company’s stock after selling 70 shares during the period. Schulhoff & Co. Inc.’s holdings in American Express were worth $1,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AXP. Opal Wealth Advisors LLC increased its holdings in shares of American Express by 1.6% during the fourth quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock valued at $636,000 after acquiring an additional 33 shares in the last quarter. Catalina Capital Group LLC grew its position in American Express by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after purchasing an additional 34 shares during the period. Boston Financial Mangement LLC increased its stake in American Express by 0.9% during the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock valued at $1,189,000 after purchasing an additional 34 shares in the last quarter. Auxier Asset Management raised its holdings in American Express by 0.5% during the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after buying an additional 35 shares during the last quarter. Finally, Abel Hall LLC lifted its stake in shares of American Express by 3.6% in the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after buying an additional 35 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Insider Transactions at American Express

In other news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 23,866 shares in the company, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. 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 business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the sale, the insider now 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 own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of several recent research reports. Royal Bank of Canada boosted their target price on shares of American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Morgan Stanley raised their target price on American Express from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Monday, January 27th. Monness Crespi & Hardt upped their price target on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, UBS Group raised their price objective on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Three equities research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $296.38.

American Express Stock Down 0.7 %

Shares of AXP stock opened at $294.09 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. American Express has a one year low of $214.51 and a one year high of $326.27. The company’s fifty day moving average price is $307.39 and its 200-day moving average price is $285.99. The company has a market capitalization of $206.61 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.41 and a beta of 1.24.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 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%. Sell-side analysts expect that American Express will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, January 3rd. American Express’s payout ratio is currently 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.