Crossmark Global Holdings Inc. Has $29.57 Million Stake in American Express (NYSE:AXP)

Crossmark Global Holdings Inc. lessened its stake in shares of American Express (NYSE:AXP) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,625 shares of the payment services company’s stock after selling 1,002 shares during the period. Crossmark Global Holdings Inc.’s holdings in American Express were worth $29,568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Prospera Private Wealth LLC bought a new stake in shares of American Express during the third quarter worth about $27,000. Kennebec Savings Bank bought a new position in shares of American Express in the third quarter valued at approximately $29,000. True Wealth Design LLC boosted its position in shares of American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in American Express in the 3rd quarter valued at $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in American Express during the 3rd quarter valued at $46,000. 84.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent analyst reports. HSBC lowered shares of American Express from a “buy” rating to a “hold” rating and raised their price target for the company from $265.00 to $270.00 in a research report on Tuesday, October 8th. UBS Group boosted their target price on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. The Goldman Sachs Group increased their price target on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Truist Financial began coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price for the company. Finally, Morgan Stanley boosted their target price on American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $278.09.

American Express Price Performance

AXP stock opened at $312.75 on Tuesday. The firm has a 50 day simple moving average of $299.26 and a two-hundred day simple moving average of $272.24. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $220.32 billion, a PE ratio of 23.01, a P/E/G ratio of 1.38 and a beta of 1.23. American Express has a one year low of $177.81 and a one year high of $315.40.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. The business had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $3.30 earnings per share. On average, analysts predict that American Express will post 13.48 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.90%. American Express’s payout ratio is 20.60%.

Insider Buying and Selling at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares in the company, valued at $29,724,067.18. This represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

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.