American Express (NYSE:AXP) Shares Purchased by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT grew its holdings in shares of American Express (NYSE:AXP) by 2.2% during the fourth quarter, Holdings Channel reports. The firm owned 139,531 shares of the payment services company’s stock after acquiring an additional 3,041 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in American Express were worth $41,412,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AXP. Opal Wealth Advisors LLC lifted its position in shares of American Express by 1.6% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock worth $636,000 after buying an additional 33 shares during the period. Catalina Capital Group LLC raised its position in American Express by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock worth $996,000 after purchasing an additional 34 shares during the last quarter. Boston Financial Mangement LLC lifted its holdings in American Express by 0.9% during the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock worth $1,189,000 after buying an additional 34 shares in the last quarter. Auxier Asset Management boosted its position in American Express by 0.5% in the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock valued at $1,934,000 after buying an additional 35 shares during the last quarter. Finally, Abel Hall LLC lifted its stake in shares of American Express by 3.6% during the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after acquiring an additional 35 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BTIG Research upped their target price on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research report on Friday, January 24th. Monness Crespi & Hardt increased their price target on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada increased their target price on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. William Blair reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, January 27th. Finally, Truist Financial assumed coverage on American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target for the company. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $296.38.

American Express Stock Performance

NYSE AXP opened at $304.08 on Friday. The stock has a market cap of $213.62 billion, a PE ratio of 21.70, a P/E/G 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 1.57 and a current ratio of 1.58. American Express has a 52-week low of $209.10 and a 52-week high of $326.27. The firm has a 50-day moving average of $307.68 and a 200-day moving average of $283.79.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, sell-side analysts anticipate that American Express will post 15.33 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were paid a $0.70 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.92%. American Express’s dividend payout ratio (DPR) is presently 19.99%.

Insiders Place Their Bets

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 owns 6,433 shares of the company’s stock, valued at $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 sold 30,664 shares of company stock worth $9,613,503 in the last quarter. 0.12% of the stock is currently owned by corporate insiders.

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.