Acropolis Investment Management LLC Sells 151 Shares of American Express (NYSE:AXP)

Acropolis Investment Management LLC lessened its stake in American Express (NYSE:AXP) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,151 shares of the payment services company’s stock after selling 151 shares during the period. Acropolis Investment Management LLC’s holdings in American Express were worth $579,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in American Express by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 11,752,084 shares of the payment services company’s stock worth $3,484,312,000 after purchasing an additional 268,572 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of American Express by 1.1% in the 4th quarter. Fisher Asset Management LLC now owns 8,761,336 shares of the payment services company’s stock valued at $2,600,277,000 after purchasing an additional 95,927 shares during the period. Northern Trust Corp boosted its position in shares of American Express by 16.3% in the 4th quarter. Northern Trust Corp now owns 6,825,135 shares of the payment services company’s stock worth $2,025,632,000 after purchasing an additional 955,811 shares during the last quarter. Norges Bank bought a new position in shares of American Express in the 4th quarter worth $1,785,867,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of American Express by 8.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,015,269 shares of the payment services company’s stock worth $1,488,482,000 after purchasing an additional 408,283 shares during the period. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In related news, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the completion of the transaction, the insider now directly owns 10,919 shares of the company’s stock, valued at approximately $2,889,822.54. This represents a 21.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total value of $2,603,475.00. Following the transaction, the insider now directly owns 9,402 shares of the company’s stock, valued at $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. 0.20% of the stock is owned by insiders.

American Express Stock Down 3.5%

AXP stock opened at $287.62 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The stock has a market capitalization of $201.50 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.41 and a beta of 1.25. The business has a 50-day moving average of $278.89 and a 200-day moving average of $288.83. American Express has a fifty-two week low of $220.43 and a fifty-two week high of $326.28.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.17. The company had revenue of $16.97 billion during the quarter, compared to analysts’ expectations of $17.04 billion. American Express had a return on equity of 32.65% and a net margin of 15.36%. During the same period in the prior year, the firm earned $3.33 earnings per share. On average, sell-side analysts anticipate that American Express will post 15.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on American Express from $244.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, April 21st. Truist Financial upped their price objective on American Express from $315.00 to $335.00 and gave the company a “buy” rating in a report on Friday, May 23rd. The Goldman Sachs Group dropped their price objective on American Express from $367.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Baird R W upgraded American Express from a “strong sell” rating to a “hold” rating in a report on Friday, March 14th. Finally, Redburn Atlantic upgraded American Express from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $270.00 to $255.00 in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $296.05.

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.