American Express (NYSE:AXP) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC cut its stake in shares of American Express (NYSE:AXP) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,569 shares of the payment services company’s stock after selling 1,891 shares during the quarter. Todd Asset Management LLC’s holdings in American Express were worth $37,949,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. BKM Wealth Management LLC acquired a new stake in American Express during the 4th quarter valued at approximately $28,000. Tennessee Valley Asset Management Partners acquired a new position in shares of American Express in the 4th quarter valued at about $28,000. BluePath Capital Management LLC acquired a new position in American Express in the third quarter valued at approximately $29,000. Pacifica Partners Inc. acquired a new stake in shares of American Express during the 4th quarter worth approximately $29,000. Finally, Baldwin Brothers LLC MA lifted its stake in shares of American Express by 134.8% in the 4th quarter. Baldwin Brothers LLC MA now owns 155 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 89 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other news, insider Laureen Seeger sold 84,420 shares of American Express stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $212.98, for a total transaction of $17,979,771.60. Following the sale, the insider now owns 57,512 shares in the company, valued at $12,248,905.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Laureen Seeger sold 84,420 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $212.98, for a total value of $17,979,771.60. Following the completion of the sale, the insider now owns 57,512 shares in the company, valued at approximately $12,248,905.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Monique Herena sold 11,242 shares of American Express stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $208.41, for a total transaction of $2,342,945.22. Following the completion of the transaction, the insider now owns 13,874 shares in the company, valued at $2,891,480.34. The disclosure for this sale can be found here. Insiders sold a total of 203,891 shares of company stock valued at $44,373,196 over the last ninety days. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AXP. BMO Capital Markets upped their price objective on shares of American Express from $167.00 to $175.00 and gave the stock an “underperform” rating in a research report on Monday, April 22nd. Morgan Stanley boosted their price objective on American Express from $222.00 to $226.00 and gave the company an “equal weight” rating in a research report on Monday, April 22nd. TD Cowen lifted their price target on shares of American Express from $221.00 to $225.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Barclays restated an “equal weight” rating and set a $221.00 price objective (up from $220.00) on shares of American Express in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company boosted their target price on shares of American Express from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $210.71.

American Express Stock Down 0.7 %

Shares of AXP stock traded down $1.73 during trading hours on Friday, reaching $230.77. 3,203,304 shares of the stock were exchanged, compared to its average volume of 3,577,762. American Express has a 12-month low of $140.91 and a 12-month high of $240.55. The business’s fifty day moving average is $224.63 and its two-hundred day moving average is $194.30. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $165.99 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.32 and a beta of 1.20.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.36. American Express had a net margin of 14.50% and a return on equity of 32.46%. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. During the same period last year, the business earned $2.40 EPS. The company’s revenue was up 10.6% on a year-over-year basis. As a group, research analysts expect that American Express will post 12.99 EPS for the current fiscal year.

American Express Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 5th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.40 annualized dividend and a yield of 0.17%. American Express’s dividend payout ratio is currently 23.06%.

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.