Tucker Asset Management LLC Sells 814 Shares of American Express (NYSE:AXP)

Tucker Asset Management LLC cut its stake in shares of American Express (NYSE:AXP) by 88.8% in the 4th quarter, HoldingsChannel reports. The fund owned 103 shares of the payment services company’s stock after selling 814 shares during the quarter. Tucker Asset Management LLC’s holdings in American Express were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AXP. True Wealth Design LLC grew 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 worth $29,000 after purchasing an additional 83 shares during the period. Sellwood Investment Partners LLC bought a new position in shares of American Express during the 4th quarter worth $33,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of American Express during the 4th quarter valued at $33,000. Curio Wealth LLC purchased a new stake in American Express in the 4th quarter worth approximately $37,000. 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.

Insider Buying and Selling at American Express

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 13,500 shares of the company’s stock, valued at $4,308,795. This trade represents a 41.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael J. Angelakis bought 3,700 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $269.89 per share, with a total value of $998,593.00. Following the completion of the transaction, the director now owns 3,700 shares of the company’s stock, valued at $998,593. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

American Express Price Performance

AXP opened at $265.16 on Friday. The company has a fifty day moving average price of $295.02 and a two-hundred day moving average price of $289.43. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market capitalization of $186.28 billion, a PE ratio of 18.93, a P/E/G ratio of 1.41 and a beta of 1.21. American Express has a 52 week low of $214.51 and a 52 week high of $326.28.

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, 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%. As a group, analysts anticipate that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a dividend yield of 1.24%. American Express’s dividend payout ratio (DPR) is currently 23.41%.

Analyst Ratings Changes

Several research analysts recently commented on AXP shares. Argus downgraded shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 14th. Truist Financial assumed coverage on shares of American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. BTIG Research increased their price objective on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Monness Crespi & Hardt upped their price target on shares of American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company raised their price target on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Express has a consensus rating of “Hold” and a consensus price target of $302.57.

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.