Andra AP fonden Has $28.45 Million Stock Position in American Express (NYSE:AXP)

Andra AP fonden lowered its stake in American Express (NYSE:AXP) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,848 shares of the payment services company’s stock after selling 300 shares during the quarter. Andra AP fonden’s holdings in American Express were worth $28,447,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of American Express in the 4th quarter valued at $832,000. World Investment Advisors LLC increased its position in shares of 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 valued at $1,292,000 after buying an additional 3,867 shares in the last quarter. Keybank National Association OH increased its position in shares of American Express by 3.7% in the 4th quarter. Keybank National Association OH now owns 349,937 shares of the payment services company’s stock valued at $103,858,000 after buying an additional 12,364 shares in the last quarter. XML Financial LLC increased its position in shares of 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 in the last quarter. Finally, LVM Capital Management Ltd. MI increased its position in shares of American Express by 3.1% in the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after buying an additional 2,557 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Transactions at American Express

In other news, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the transaction, the insider now directly owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This trade represents a 38.88 % 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 this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 13,500 shares in the company, valued at $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AXP. HSBC upped their price objective on shares of American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Wells Fargo & Company increased their target price on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Truist Financial assumed coverage on American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price for the company. StockNews.com cut American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods increased their target price on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $296.38.

American Express Trading Down 3.1 %

Shares of NYSE:AXP opened at $275.32 on Friday. American Express has a 52-week low of $214.51 and a 52-week high of $326.27. The company has a market capitalization of $193.42 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21. The company has a 50-day simple moving average of $306.00 and a 200 day simple moving average of $287.50. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58.

American Express (NYSE:AXP) last issued its quarterly earnings data 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%. Sell-side analysts forecast that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, April 4th. This is an increase from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a yield of 1.19%. American Express’s dividend payout ratio (DPR) is 23.41%.

American Express Company 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.