Norden Group LLC Has $1.58 Million Stock Holdings in American Express (NYSE:AXP)

Norden Group LLC decreased its holdings in shares of American Express (NYSE:AXP) by 74.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,311 shares of the payment services company’s stock after selling 15,328 shares during the period. Norden Group LLC’s holdings in American Express were worth $1,576,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. purchased a new stake in shares of American Express in the fourth quarter valued at about $832,000. World Investment Advisors LLC grew its position in American Express by 430.6% in the 3rd quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock worth $1,292,000 after purchasing an additional 3,867 shares in the last quarter. XML Financial LLC increased its stake in American Express by 9.8% in the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after buying an additional 101 shares during the last quarter. LVM Capital Management Ltd. MI lifted its position in shares of American Express by 3.1% during the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock worth $25,626,000 after buying an additional 2,557 shares in the last quarter. Finally, Edge Capital Group LLC boosted its stake in shares of American Express by 20.9% in the 4th quarter. Edge Capital Group LLC now owns 6,451 shares of the payment services company’s stock worth $1,915,000 after buying an additional 1,113 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other American Express news, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the sale, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were 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 in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AXP shares. BTIG Research increased their price target on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research report on Friday, January 24th. Royal Bank of Canada upped their price objective on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Monness Crespi & Hardt upped their price objective on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Compass Point reduced their price objective on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Truist Financial assumed coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Three 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $296.38.

American Express Stock Up 2.2 %

Shares of NYSE AXP opened at $300.77 on Friday. American Express has a 52 week low of $214.51 and a 52 week high of $326.27. The business has a 50-day simple moving average of $307.44 and a two-hundred day simple moving average of $286.76. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The company has a market cap of $211.30 billion, a P/E ratio of 21.47, a P/E/G ratio of 1.41 and a beta of 1.24.

American Express (NYSE:AXP) last issued its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping the consensus estimate 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 anticipate that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were paid a $0.70 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.93%. American Express’s dividend 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.