American Express (NYSE:AXP) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. decreased its holdings in shares of American Express (NYSE:AXP) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,412 shares of the payment services company’s stock after selling 53 shares during the quarter. Oakworth Capital Inc.’s holdings in American Express were worth $1,309,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AXP. Marshall Wace LLP boosted its holdings in shares of American Express by 105.4% during the second quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock worth $232,000 after purchasing an additional 19,400 shares during the last quarter. Czech National Bank boosted its holdings in shares of American Express by 5.7% during the third quarter. Czech National Bank now owns 114,408 shares of the payment services company’s stock worth $31,027,000 after purchasing an additional 6,122 shares during the last quarter. Aprio Wealth Management LLC raised its position in shares of American Express by 5.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 1,040 shares of the payment services company’s stock worth $282,000 after buying an additional 58 shares during the period. Dynamic Advisor Solutions LLC raised its position in shares of American Express by 29.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 16,578 shares of the payment services company’s stock worth $4,496,000 after buying an additional 3,772 shares during the period. Finally, Atomi Financial Group Inc. raised its position in shares of American Express by 6.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,589 shares of the payment services company’s stock worth $1,244,000 after buying an additional 287 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Up 1.4 %

Shares of NYSE AXP opened at $320.26 on Thursday. American Express has a 1 year low of $204.00 and a 1 year high of $326.27. The firm has a market cap of $225.61 billion, a price-to-earnings ratio of 22.86, 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. The stock’s 50-day simple moving average is $305.73 and its 200-day simple moving average is $279.01.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. As a group, equities analysts anticipate that American Express will post 15.3 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid 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 0.87%. American Express’s dividend payout ratio (DPR) is 19.99%.

Insider Buying and Selling

In other American Express news, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AXP. Barclays increased their target price on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. BTIG Research increased their target price on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Compass Point cut their target price on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. 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 research report on Friday, January 31st. Finally, TD Cowen raised their price objective on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $296.38.

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.