Wynn Capital LLC Sells 60 Shares of American Express (NYSE:AXP)

Wynn Capital LLC decreased its position in American Express (NYSE:AXP) by 0.4% during the 1st quarter, Holdings Channel reports. The fund owned 14,830 shares of the payment services company’s stock after selling 60 shares during the quarter. American Express makes up 2.4% of Wynn Capital LLC’s portfolio, making the stock its 9th biggest holding. Wynn Capital LLC’s holdings in American Express were worth $3,990,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Griffith & Werner Inc. raised its holdings in American Express by 13.8% during the first quarter. Griffith & Werner Inc. now owns 5,028 shares of the payment services company’s stock worth $1,353,000 after purchasing an additional 610 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in American Express by 2.5% during the first quarter. Revolve Wealth Partners LLC now owns 1,620 shares of the payment services company’s stock worth $436,000 after purchasing an additional 40 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new stake in American Express during the first quarter worth approximately $476,000. Wedmont Private Capital raised its holdings in American Express by 1.3% during the first quarter. Wedmont Private Capital now owns 11,550 shares of the payment services company’s stock worth $2,901,000 after purchasing an additional 148 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in American Express by 3.3% during the first quarter. UMB Bank n.a. now owns 22,582 shares of the payment services company’s stock worth $6,076,000 after purchasing an additional 724 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AXP shares. Baird R W raised shares of American Express from a “strong sell” rating to a “hold” rating in a report on Friday, March 14th. William Blair reissued an “outperform” rating on shares of American Express in a report on Monday, April 21st. Monness Crespi & Hardt raised their price objective on shares of American Express from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Redburn Atlantic raised shares of American Express from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $270.00 to $255.00 in a report on Wednesday, April 23rd. Finally, Argus cut shares of American Express from a “strong-buy” rating to a “hold” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $296.05.

Insider Activity at American Express

In other American Express news, insider Howard Grosfield sold 9,450 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the sale, the insider now directly owns 9,402 shares in the company, valued at approximately $2,590,251. The trade was a 50.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Glenda G. Mcneal sold 3,019 shares of the business’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the sale, the insider now owns 10,919 shares in the company, valued at $2,889,822.54. The trade was a 21.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

American Express Stock Performance

NYSE:AXP opened at $302.71 on Friday. The firm’s fifty day moving average price is $273.60 and its 200 day moving average price is $289.10. American Express has a 1-year low of $220.43 and a 1-year high of $326.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The firm has a market cap of $212.08 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25.

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

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.