American Express (NYSE:AXP) Shares Sold by Regatta Capital Group LLC

Regatta Capital Group LLC lowered its position in American Express (NYSE:AXP) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,356 shares of the payment services company’s stock after selling 104 shares during the quarter. Regatta Capital Group LLC’s holdings in American Express were worth $699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Novare Capital Management LLC raised its stake in shares of American Express by 7.3% during the 4th quarter. Novare Capital Management LLC now owns 1,204 shares of the payment services company’s stock worth $357,000 after buying an additional 82 shares during the last quarter. M3 Advisory Group LLC raised its position in American Express by 6.7% during the fourth quarter. M3 Advisory Group LLC now owns 1,605 shares of the payment services company’s stock worth $476,000 after acquiring an additional 101 shares during the last quarter. Clarendon Private LLC purchased a new stake in shares of American Express in the fourth quarter valued at about $637,000. Park Edge Advisors LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $327,000. Finally, First Citizens Bank & Trust Co. increased its stake in shares of American Express by 4.4% during the 4th quarter. First Citizens Bank & Trust Co. now owns 5,876 shares of the payment services company’s stock worth $1,744,000 after purchasing an additional 247 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Performance

Shares of NYSE:AXP opened at $320.87 on Friday. The company has a market cap of $226.04 billion, a P/E ratio of 23.61, a PEG ratio of 1.51 and a beta of 1.23. American Express has a one year low of $186.43 and a one year high of $326.27. The business’s 50-day simple moving average is $302.35 and its 200 day simple moving average is $274.66. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63.

American Express (NYSE:AXPGet Free Report) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. On average, sell-side analysts forecast that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, January 3rd. American Express’s dividend payout ratio is currently 20.60%.

Insider Buying and Selling at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the sale, the insider now owns 109,691 shares in the company, valued at $29,724,067.18. This represents a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 value of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BTIG Research increased their target price on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. TD Cowen upped their target price on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Barclays lifted their price target on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group upped their price objective on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $281.00.

View Our Latest Stock Analysis on AXP

About American Express

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXPFree Report).

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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