Tanager Wealth Management LLP Has $976,000 Holdings in American Express (NYSE:AXP)

Tanager Wealth Management LLP cut its stake in American Express (NYSE:AXP) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,290 shares of the payment services company’s stock after selling 85 shares during the period. Tanager Wealth Management LLP’s holdings in American Express were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. Marshall Wace LLP boosted its stake in shares of American Express by 105.4% during the 2nd quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock worth $232,000 after buying an additional 19,400 shares during the last quarter. Czech National Bank boosted its stake in shares of American Express by 5.7% during the 3rd quarter. Czech National Bank now owns 114,408 shares of the payment services company’s stock worth $31,027,000 after buying an additional 6,122 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of American Express by 12.1% during the 3rd quarter. Versant Capital Management Inc now owns 933 shares of the payment services company’s stock worth $253,000 after buying an additional 101 shares during the last quarter. Aprio Wealth Management LLC boosted its stake in shares of American Express by 5.9% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,040 shares of the payment services company’s stock worth $282,000 after buying an additional 58 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of American Express by 29.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 16,578 shares of the payment services company’s stock worth $4,496,000 after buying an additional 3,772 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on AXP shares. HSBC increased their price objective on shares of American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Morgan Stanley upped their target price on shares of American Express from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Monday, January 27th. Evercore ISI upped their target price on shares of American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a report on Monday, January 27th. Compass Point dropped their target price on shares of American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $296.38.

American Express Stock Performance

NYSE AXP opened at $315.97 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $222.59 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.49 and a beta of 1.24. The firm’s 50 day simple moving average is $305.20 and its 200 day simple moving average is $278.21. American Express has a 1 year low of $203.42 and a 1 year high of $326.27.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. As a group, research analysts expect that American Express will post 15.3 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.89%. American Express’s dividend payout ratio is 19.99%.

Insider Buying and Selling

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the firm’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 sale, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the sale, the insider now owns 23,866 shares in the company, valued at $7,492,492.04. This represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

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.