OneDigital Investment Advisors LLC Lowers Stake in American Express (NYSE:AXP)

OneDigital Investment Advisors LLC decreased its position in shares of American Express (NYSE:AXP) by 16.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,740 shares of the payment services company’s stock after selling 4,120 shares during the period. OneDigital Investment Advisors LLC’s holdings in American Express were worth $6,155,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AXP. Sellwood Investment Partners LLC acquired a new stake in shares of American Express during the fourth quarter worth $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in American Express in the 4th quarter valued at about $33,000. Curio Wealth LLC acquired a new position in shares of American Express during the 4th quarter valued at about $37,000. Financial Life Planners acquired a new position in shares of American Express during the 4th quarter valued at about $38,000. Finally, Sierra Ocean LLC acquired a new stake in shares of American Express in the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AXP shares. Monness Crespi & Hardt lifted their price target on shares of American Express from $275.00 to $285.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group reduced their target price on American Express from $367.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Truist Financial dropped their price target on American Express from $350.00 to $343.00 and set a “buy” rating for the company in a research note on Friday, April 4th. Robert W. Baird raised American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price objective on the stock in a research note on Friday, March 14th. Finally, UBS Group boosted their target price on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $290.90.

American Express Trading Down 3.4 %

Shares of NYSE AXP opened at $242.68 on Tuesday. The stock has a market capitalization of $170.49 billion, a P/E ratio of 17.32, a PEG ratio of 1.41 and a beta of 1.16. The stock’s 50 day moving average price is $271.60 and its two-hundred day moving average price is $287.61. 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 has a 52-week low of $220.43 and a 52-week high of $326.28.

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

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a dividend yield of 1.35%. American Express’s dividend payout ratio is 22.91%.

Insider Buying and Selling

In other news, Director Michael J. Angelakis bought 3,700 shares of American Express stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $269.89 per share, with a total value of $998,593.00. Following the purchase, the director now directly owns 3,700 shares of the company’s stock, valued at approximately $998,593. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’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 sale, the insider now owns 13,500 shares in the company, valued at $4,308,795. The trade was a 41.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

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.