Woodstock Corp Has $1.55 Million Stock Position in American Express (NYSE:AXP)

Woodstock Corp reduced its position in American Express (NYSE:AXP) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,215 shares of the payment services company’s stock after selling 359 shares during the period. Woodstock Corp’s holdings in American Express were worth $1,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXP. Prospera Private Wealth LLC bought a new stake in shares of American Express in the 3rd quarter valued at approximately $27,000. Kennebec Savings Bank bought a new stake in American Express in the third quarter worth approximately $29,000. True Wealth Design LLC increased its stake in shares of American Express by 332.0% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after purchasing an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of American Express during the 3rd quarter valued at $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of American Express in the 3rd quarter valued at $46,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total value of $21,049,740.62. Following the transaction, the insider now owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade represents a 41.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,998 shares of company stock worth $26,423,439 over the last three months. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AXP shares. BTIG Research downgraded shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price on the stock. in a research report on Tuesday, October 8th. TD Cowen increased their price objective on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Barclays boosted their target price on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Evercore ISI increased their price target on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Finally, Truist Financial began coverage on shares of American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $278.09.

American Express Price Performance

Shares of NYSE AXP opened at $311.69 on Friday. The stock has a market capitalization of $219.57 billion, a PE ratio of 22.94, a P/E/G ratio of 1.38 and a beta of 1.23. American Express has a fifty-two week low of $177.81 and a fifty-two week high of $314.00. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The business has a fifty day moving average price of $298.26 and a two-hundred day moving average price of $270.90.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. The firm had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.30 earnings per share. As a group, equities analysts predict that American Express will post 13.48 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.90%. American Express’s dividend payout ratio (DPR) is 20.60%.

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.