TCI Wealth Advisors Inc. Sells 475 Shares of American Express (NYSE:AXP)

TCI Wealth Advisors Inc. decreased its holdings in American Express (NYSE:AXP) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,686 shares of the payment services company’s stock after selling 475 shares during the period. TCI Wealth Advisors Inc.’s holdings in American Express were worth $878,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AXP. Raymond James Financial Services Advisors Inc. lifted its position in shares of American Express by 1.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 180,564 shares of the payment services company’s stock worth $26,938,000 after buying an additional 2,721 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of American Express by 78.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,616 shares of the payment services company’s stock valued at $390,000 after acquiring an additional 1,149 shares during the last quarter. Sage Mountain Advisors LLC boosted its position in shares of American Express by 19.4% during the 3rd quarter. Sage Mountain Advisors LLC now owns 2,785 shares of the payment services company’s stock valued at $415,000 after acquiring an additional 452 shares during the last quarter. Everhart Financial Group Inc. grew its holdings in shares of American Express by 11.8% in the third quarter. Everhart Financial Group Inc. now owns 2,417 shares of the payment services company’s stock valued at $361,000 after purchasing an additional 256 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in American Express by 30.0% in the third quarter. Lindbrook Capital LLC now owns 2,489 shares of the payment services company’s stock worth $371,000 after purchasing an additional 574 shares during the last quarter. 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. Oppenheimer reissued an “outperform” rating on shares of American Express in a research note on Friday, April 5th. JPMorgan Chase & Co. boosted their price objective on American Express from $214.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Robert W. Baird raised their price objective on American Express from $190.00 to $205.00 and gave the company an “underperform” rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on American Express from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI raised their price target on American Express from $243.00 to $255.00 and gave the stock an “in-line” rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $210.71.

American Express Stock Down 0.7 %

NYSE:AXP traded down $1.73 during mid-day trading on Friday, reaching $230.77. The company’s stock had a trading volume of 3,203,304 shares, compared to its average volume of 3,577,762. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.70. American Express has a 1 year low of $140.91 and a 1 year high of $240.55. The stock has a fifty day moving average of $224.63 and a 200-day moving average of $194.88. The firm has a market capitalization of $165.99 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.32 and a beta of 1.20.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.36. The firm had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.79 billion. American Express had a net margin of 14.50% and a return on equity of 32.46%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.40 EPS. Equities research analysts forecast that American Express will post 12.99 earnings per share for the current year.

American Express Cuts Dividend

The business also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Insider Activity at American Express

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

American Express Company 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.