American Express (NYSE:AXP) Shares Sold by Mather Group LLC.

Mather Group LLC. decreased its position in American Express (NYSE:AXP) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,450 shares of the payment services company’s stock after selling 460 shares during the quarter. Mather Group LLC.’s holdings in American Express were worth $1,241,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its stake in American Express by 3.4% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,490 shares of the payment services company’s stock worth $279,000 after purchasing an additional 49 shares during the last quarter. Level Four Advisory Services LLC lifted its stake in American Express by 2.3% during the fourth quarter. Level Four Advisory Services LLC now owns 2,188 shares of the payment services company’s stock worth $410,000 after purchasing an additional 50 shares during the last quarter. Bath Savings Trust Co lifted its stake in American Express by 1.9% during the first quarter. Bath Savings Trust Co now owns 3,064 shares of the payment services company’s stock worth $698,000 after purchasing an additional 56 shares during the last quarter. Strategic Advisors LLC lifted its stake in American Express by 1.1% during the fourth quarter. Strategic Advisors LLC now owns 5,244 shares of the payment services company’s stock worth $982,000 after purchasing an additional 58 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its stake in American Express by 4.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,584 shares of the payment services company’s stock worth $297,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Up 0.5 %

NYSE:AXP opened at $229.31 on Thursday. 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 $244.41. The firm has a market capitalization of $164.94 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.30 and a beta of 1.22. The stock has a fifty day simple moving average of $233.21 and a 200 day simple moving average of $213.13.

American Express (NYSE:AXPGet Free Report) last announced its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.36. American Express had a return on equity of 32.46% and a net margin of 14.50%. The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.79 billion. During the same period last year, the company posted $2.40 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Sell-side analysts forecast that American Express will post 13 earnings per share for the current year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.22%. This is a positive change from American Express’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, July 5th. American Express’s payout ratio is currently 23.06%.

Insider Activity

In other news, insider Anna Marrs sold 3,592 shares of American Express stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $230.93, for a total transaction of $829,500.56. Following the completion of the sale, the insider now directly owns 19,932 shares in the company, valued at approximately $4,602,896.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Vice Chairman Douglas E. Buckminster sold 117,309 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $232.44, for a total value of $27,267,303.96. Following the transaction, the insider now directly owns 110,318 shares of the company’s stock, valued at approximately $25,642,315.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anna Marrs sold 3,592 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $230.93, for a total value of $829,500.56. Following the completion of the transaction, the insider now directly owns 19,932 shares in the company, valued at $4,602,896.76. The disclosure for this sale can be found here. Insiders sold a total of 177,717 shares of company stock worth $41,680,999 in the last three months. 0.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AXP. BMO Capital Markets raised their price objective on American Express from $167.00 to $175.00 and gave the stock an “underperform” rating in a research note on Monday, April 22nd. BTIG Research started coverage on American Express in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Morgan Stanley raised their target price on American Express from $222.00 to $226.00 and gave the company an “equal weight” rating in a research note on Monday, April 22nd. TD Cowen raised their target price on American Express from $221.00 to $225.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Finally, William Blair reiterated an “outperform” rating on shares of American Express in a research note on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average price target of $220.30.

Check Out Our Latest Research Report on AXP

American Express Company 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.

Recommended Stories

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.