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

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC raised its position in shares of American Express by 1.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 5,566 shares of the payment services company’s stock valued at $1,041,000 after buying an additional 65 shares during the period. Strategy Asset Managers LLC increased its holdings in American Express by 3.7% in the 2nd quarter. Strategy Asset Managers LLC now owns 1,818 shares of the payment services company’s stock valued at $317,000 after purchasing an additional 65 shares during the last quarter. Cozad Asset Management Inc. increased its holdings in American Express by 4.1% in the 3rd quarter. Cozad Asset Management Inc. now owns 1,713 shares of the payment services company’s stock valued at $256,000 after purchasing an additional 67 shares during the last quarter. Summit Financial LLC increased its holdings in American Express by 1.7% in the 3rd quarter. Summit Financial LLC now owns 4,044 shares of the payment services company’s stock valued at $603,000 after purchasing an additional 67 shares during the last quarter. Finally, Sunburst Financial Group LLC increased its holdings in American Express by 3.0% in the 4th quarter. Sunburst Financial Group LLC now owns 2,279 shares of the payment services company’s stock valued at $427,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 83.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $167.00 to $205.00 in a research note on Thursday, January 4th. UBS Group boosted their target price on shares of American Express from $188.00 to $206.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. DZ Bank downgraded shares of American Express from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. BMO Capital Markets boosted their target price on shares of American Express from $157.00 to $159.00 and gave the stock an “underperform” rating in a research note on Monday, January 29th. Finally, StockNews.com downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $189.00.

Get Our Latest Report on American Express

Insider Activity at American Express

In related news, CEO Stephen J. Squeri sold 69,356 shares of American Express stock in a transaction on Monday, February 12th. The shares were sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the sale, the chief executive officer now owns 122,158 shares of the company’s stock, valued at approximately $26,022,097.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Stephen J. Squeri sold 69,356 shares of American Express stock in a transaction on Monday, February 12th. The shares were sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the sale, the chief executive officer now owns 122,158 shares of the company’s stock, valued at approximately $26,022,097.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Howard Grosfield sold 7,029 shares of American Express stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $203.65, for a total transaction of $1,431,455.85. Following the sale, the insider now directly owns 12,388 shares in the company, valued at approximately $2,522,816.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,047 shares of company stock worth $36,528,388. 0.12% of the stock is currently owned by corporate insiders.

American Express Trading Up 0.7 %

Shares of AXP opened at $220.00 on Monday. The firm has a market capitalization of $159.25 billion, a P/E ratio of 19.49, a PEG ratio of 1.25 and a beta of 1.23. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.71. American Express has a twelve month low of $140.91 and a twelve month high of $224.90. The firm’s 50-day moving average is $205.22 and its two-hundred day moving average is $177.03.

American Express (NYSE:AXPGet Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $16 billion. American Express had a net margin of 13.84% and a return on equity of 30.99%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.07 EPS. On average, research analysts predict that American Express will post 12.82 earnings per share for the current fiscal year.

American Express Cuts Dividend

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

About American Express

(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

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

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