American Express (NYSE:AXP) Holdings Decreased by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC decreased its holdings in shares of American Express (NYSE:AXP) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,942 shares of the payment services company’s stock after selling 387 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in American Express were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capital Advisory Group Advisory Services LLC purchased a new position in shares of American Express during the fourth quarter valued at $532,000. Bradley Foster & Sargent Inc. CT boosted its position in American Express by 2.2% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 139,531 shares of the payment services company’s stock valued at $41,412,000 after purchasing an additional 3,041 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its position in American Express by 4.7% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,919 shares of the payment services company’s stock valued at $570,000 after purchasing an additional 86 shares during the last quarter. Compass Capital Corp MA ADV acquired a new stake in American Express during the fourth quarter valued at $415,000. Finally, Centricity Wealth Management LLC acquired a new stake in American Express during the fourth quarter valued at $172,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the transaction, the insider now directly owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,664 shares of company stock valued at $9,613,503. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AXP. William Blair reissued an “outperform” rating on shares of American Express in a research report on Monday, January 27th. Royal Bank of Canada lifted their price objective on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Truist Financial began coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upped their price target on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, American Express has an average rating of “Hold” and a consensus price target of $296.38.

American Express Price Performance

Shares of NYSE:AXP opened at $304.08 on Friday. The business has a 50 day moving average price of $307.68 and a 200 day moving average price of $283.79. American Express has a twelve month low of $209.10 and a twelve month high of $326.27. The company has a market cap of $213.62 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 1.49 and a beta of 1.24. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last posted 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%. Research analysts predict that American Express will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.92%. American Express’s payout ratio is presently 19.99%.

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.