YHB Investment Advisors Inc. Sells 125 Shares of American Express (NYSE:AXP)

YHB Investment Advisors Inc. cut its position in American Express (NYSE:AXP) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,961 shares of the payment services company’s stock after selling 125 shares during the quarter. YHB Investment Advisors Inc.’s holdings in American Express were worth $1,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in American Express during the third quarter valued at approximately $27,000. Kennebec Savings Bank bought a new stake in shares of American Express during the third quarter worth $29,000. True Wealth Design LLC grew its position in American Express by 332.0% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after acquiring an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in American Express in the 3rd quarter valued at approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of American Express during the third quarter valued at $46,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

AXP opened at $316.23 on Tuesday. The firm’s 50-day moving average price is $302.35 and its 200-day moving average price is $275.17. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a market cap of $222.77 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. American Express has a 52-week low of $199.07 and a 52-week high of $326.27.

American Express (NYSE:AXP) last issued its quarterly 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 net margin of 15.32% and a return on equity of 32.46%. As a group, equities analysts anticipate that American Express will post 13.4 EPS for the current fiscal year.

American Express Dividend Announcement

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 issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is 20.60%.

Insider Activity at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AXP shares. Monness Crespi & Hardt increased their target price on shares of American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday. TD Cowen increased their price objective on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. HSBC lifted their price objective on shares of American Express from $270.00 to $294.00 and gave the company a “hold” rating in a report on Friday. Keefe, Bruyette & Woods upped their price target on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Truist Financial initiated coverage on shares of 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $291.50.

About American Express

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.