American Express (NYSE:AXP) Stock Holdings Decreased by Numerai GP LLC

Numerai GP LLC reduced its position in American Express (NYSE:AXP) by 27.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,715 shares of the payment services company’s stock after selling 1,050 shares during the period. Numerai GP LLC’s holdings in American Express were worth $806,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AXP. 626 Financial LLC grew its position in American Express by 9.6% during the fourth quarter. 626 Financial LLC now owns 1,541 shares of the payment services company’s stock valued at $457,000 after purchasing an additional 135 shares in the last quarter. Sovereign Financial Group Inc. grew its position in American Express by 9.6% during the fourth quarter. Sovereign Financial Group Inc. now owns 1,608 shares of the payment services company’s stock valued at $477,000 after purchasing an additional 141 shares in the last quarter. Accurate Wealth Management LLC grew its position in American Express by 13.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,527 shares of the payment services company’s stock valued at $742,000 after purchasing an additional 292 shares in the last quarter. Pines Wealth Management LLC purchased a new position in American Express during the fourth quarter valued at approximately $594,000. Finally, Fifth Third Wealth Advisors LLC grew its position in American Express by 4.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,207 shares of the payment services company’s stock valued at $3,623,000 after purchasing an additional 498 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Express

In other news, insider Glenda G. Mcneal sold 3,019 shares of American Express stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total transaction of $799,008.54. Following the sale, the insider now directly owns 10,919 shares in the company, valued at approximately $2,889,822.54. The trade was a 21.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Howard Grosfield sold 9,450 shares of American Express stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the sale, the insider now owns 9,402 shares in the company, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

American Express Price Performance

Shares of American Express stock opened at $300.03 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. American Express has a fifty-two week low of $220.43 and a fifty-two week high of $326.28. The firm has a fifty day moving average price of $264.55 and a two-hundred day moving average price of $287.63. The company has a market cap of $210.20 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.17. American Express had a net margin of 15.36% and a return on equity of 32.65%. The firm had revenue of $16.97 billion during the quarter, compared to the consensus estimate of $17.04 billion. During the same period in the prior year, the firm earned $3.33 EPS. Analysts expect that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 4th were issued a $0.82 dividend. The ex-dividend date was Friday, April 4th. This is an increase from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 dividend on an annualized basis and a yield of 1.09%. American Express’s dividend payout ratio is 22.91%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of American Express from $244.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. Wells Fargo & Company boosted their price objective on shares of American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Redburn Atlantic raised shares of American Express from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Argus lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 14th. Finally, Monness Crespi & Hardt increased their price target on shares of American Express from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, American Express presently has an average rating of “Hold” and a consensus price target of $295.05.

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.