Boston Trust Walden Corp Has $64.90 Million Stock Position in American Express (NYSE:AXP)

Boston Trust Walden Corp trimmed its stake in American Express (NYSE:AXP) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,681 shares of the payment services company’s stock after selling 1,958 shares during the period. Boston Trust Walden Corp’s holdings in American Express were worth $64,902,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AXP. Prospera Private Wealth LLC acquired a new stake in American Express during the 3rd quarter valued at approximately $27,000. Kennebec Savings Bank bought a new position in American Express during the third quarter worth $29,000. True Wealth Design LLC lifted its holdings in American Express by 332.0% in 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 period. Itau Unibanco Holding S.A. bought a new stake in American Express during the third quarter valued at $38,000. Finally, Financial Life Planners bought a new stake in shares of American Express during the 4th quarter valued at about $38,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

AXP has been the topic of several recent analyst reports. Compass Point dropped their price target on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. BTIG Research increased their price target on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday, January 24th. The Goldman Sachs Group boosted their price objective on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Truist Financial assumed coverage on shares of American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target for the company. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $296.38.

Insider Transactions at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raymond Joabar sold 15,179 shares of the 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 directly owns 23,866 shares in the company, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

American Express Price Performance

AXP opened at $317.12 on Monday. The firm has a market cap of $223.40 billion, a P/E ratio of 22.64, a PEG ratio of 1.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 1.67. American Express has a fifty-two week low of $199.88 and a fifty-two week high of $326.27. The firm has a 50-day moving average of $304.98 and a 200 day moving average of $277.73.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, research analysts expect that American Express will post 15.3 EPS for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.88%. American Express’s dividend payout ratio is presently 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.