Tiemann Investment Advisors LLC Trims Stock Holdings in American Express Company $AXP

Tiemann Investment Advisors LLC lessened its holdings in shares of American Express Company (NYSE:AXP) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,224 shares of the payment services company’s stock after selling 60 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in American Express were worth $598,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Investment Management Corp VA ADV purchased a new stake in shares of American Express during the 4th quarter worth about $29,000. MorganRosel Wealth Management LLC acquired a new stake in shares of American Express during the first quarter valued at about $29,000. Nexus Investment Management ULC acquired a new stake in shares of American Express during the first quarter worth approximately $34,000. Hughes Financial Services LLC bought a new stake in shares of American Express in the 1st quarter worth about $35,000. Finally, IAG Wealth Partners LLC bought a new position in American Express during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

AXP has been the subject of a number of recent research reports. BTIG Research set a $277.00 price objective on American Express and gave the stock a “sell” rating in a research note on Monday, July 14th. William Blair restated an “outperform” rating on shares of American Express in a report on Wednesday, July 2nd. Barclays boosted their target price on shares of American Express from $249.00 to $297.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Redburn Atlantic raised shares of American Express from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price target on American Express from $260.00 to $342.00 and gave the company a “neutral” rating in a research note on Friday, July 11th. Eight analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $311.05.

Insider Transactions at American Express

In related news, insider Anna Marrs sold 5,500 shares of American Express stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the completion of the sale, the insider directly owned 20,311 shares of the company’s stock, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Laureen Seeger sold 16,998 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the completion of the sale, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,653,764.83. The trade was a 65.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,219 shares of company stock worth $40,555,901 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

American Express Stock Performance

Shares of American Express stock opened at $308.3250 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.61 and a quick ratio of 1.60. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $329.14. The firm has a market cap of $214.56 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.62 and a beta of 1.28. The firm has a 50 day simple moving average of $307.64 and a 200 day simple moving average of $290.14.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating the consensus estimate of $3.86 by $0.22. The company had revenue of $17.86 billion during the quarter, compared to analysts’ expectations of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.49 EPS. Sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $3.28 annualized dividend and a yield of 1.1%. American Express’s payout ratio is 23.02%.

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.