Mutual of America Capital Management LLC Has $19.79 Million Stock Holdings in American Express (NYSE:AXP)

Mutual of America Capital Management LLC lowered its stake in American Express (NYSE:AXP) by 3.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 66,670 shares of the payment services company’s stock after selling 2,491 shares during the period. Mutual of America Capital Management LLC’s holdings in American Express were worth $19,787,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AXP. Prospera Private Wealth LLC acquired a new position in American Express in the 3rd quarter valued at about $27,000. Kennebec Savings Bank acquired a new position in American Express in the 3rd quarter valued at about $29,000. True Wealth Design LLC grew its stake in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in American Express in the 3rd quarter valued at about $38,000. Finally, Financial Life Planners acquired a new position in American Express in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

Shares of American Express stock opened at $300.77 on Friday. The company has a 50 day moving average of $307.44 and a 200-day moving average of $286.43. American Express has a 1-year low of $214.51 and a 1-year high of $326.27. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The company has a market cap of $211.30 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.41 and a beta of 1.24.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts forecast that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s dividend payout ratio is 19.99%.

Insider Buying and Selling

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the transaction, the insider now directly owns 13,500 shares in the company, valued at $4,308,795. This represents a 41.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the company’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 transaction, the insider now owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AXP. StockNews.com lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Truist Financial began coverage on shares of American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Citigroup boosted their price objective on shares of American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. 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 report on Friday, January 31st. Finally, BTIG Research boosted their price objective on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $296.38.

About American Express

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.