Strategic Investment Advisors MI Sells 1,463 Shares of American Express (NYSE:AXP)

Strategic Investment Advisors MI lessened its stake in shares of American Express (NYSE:AXP) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,181 shares of the payment services company’s stock after selling 1,463 shares during the period. Strategic Investment Advisors MI’s holdings in American Express were worth $1,158,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. RB Capital Management LLC lifted its position in shares of American Express by 5.3% in the first quarter. RB Capital Management LLC now owns 3,783 shares of the payment services company’s stock valued at $707,000 after acquiring an additional 190 shares in the last quarter. Roundview Capital LLC lifted its position in shares of American Express by 0.4% in the first quarter. Roundview Capital LLC now owns 27,029 shares of the payment services company’s stock valued at $5,054,000 after acquiring an additional 105 shares in the last quarter. Zions Bancorporation N.A. lifted its position in shares of American Express by 5.6% in the first quarter. Zions Bancorporation N.A. now owns 1,421 shares of the payment services company’s stock valued at $266,000 after acquiring an additional 75 shares in the last quarter. Covestor Ltd lifted its position in shares of American Express by 207.1% in the first quarter. Covestor Ltd now owns 946 shares of the payment services company’s stock valued at $177,000 after acquiring an additional 638 shares in the last quarter. Finally, Donaldson Capital Management LLC purchased a new stake in shares of American Express in the first quarter worth about $397,000. Institutional investors own 83.08% of the company’s stock.

Insiders Place Their Bets

In other American Express news, CEO Stephen J. Squeri sold 69,356 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the completion of the sale, the chief executive officer now owns 122,158 shares in the company, valued at $26,022,097.16. The transaction was disclosed in a document filed 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 dated Thursday, February 8th. The stock was sold at an average price of $208.41, for a total transaction of $2,342,945.22. Following the sale, the insider now directly owns 13,874 shares in the company, valued at approximately $2,891,480.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen J. Squeri sold 69,356 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $213.02, for a total value of $14,774,215.12. Following the sale, the chief executive officer now owns 122,158 shares in the company, valued at $26,022,097.16. The disclosure for this sale can be found here. Insiders sold a total of 172,047 shares of company stock worth $36,528,388 over the last 90 days. Company insiders own 0.12% of the company’s stock.

American Express Stock Up 0.7 %

Shares of NYSE:AXP opened at $220.00 on Monday. American Express has a 52-week low of $140.91 and a 52-week high of $224.90. The stock has a market cap of $159.25 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 1.25 and a beta of 1.23. The business’s 50 day moving average is $205.22 and its 200 day moving average is $177.03. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.71.

American Express (NYSE:AXPGet Free Report) last posted its earnings results on Friday, January 26th. The payment services company reported $2.62 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.02). The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16 billion. American Express had a return on equity of 30.99% and a net margin of 13.84%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. Sell-side analysts predict that American Express will post 12.82 EPS for the current year.

American Express Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.18%. American Express’s dividend payout ratio is currently 24.98%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of research analyst reports. StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. UBS Group boosted their target price on American Express from $188.00 to $206.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Deutsche Bank Aktiengesellschaft started coverage on American Express in a research report on Wednesday, January 10th. They set a “buy” rating and a $235.00 price objective on the stock. Stephens upgraded American Express from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $148.00 to $193.00 in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets upped their price objective on American Express from $157.00 to $159.00 and gave the company an “underperform” rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $189.00.

Get Our Latest Research Report on American Express

American Express Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXPFree Report).

Institutional Ownership by Quarter for American Express (NYSE:AXP)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.