Bremer Bank National Association Buys 148 Shares of American Express (NYSE:AXP)

Bremer Bank National Association raised its stake in shares of American Express (NYSE:AXP) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 22,452 shares of the payment services company’s stock after purchasing an additional 148 shares during the quarter. American Express accounts for 1.3% of Bremer Bank National Association’s investment portfolio, making the stock its 24th largest holding. Bremer Bank National Association’s holdings in American Express were worth $6,664,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Auxier Asset Management lifted its position in shares of American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after buying an additional 35 shares in the last quarter. Abel Hall LLC raised its holdings in American Express by 3.6% during the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after acquiring an additional 35 shares during the period. Sunflower Bank N.A. grew its position in shares of American Express by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock valued at $1,203,000 after purchasing an additional 35 shares in the last quarter. Sovereign Financial Group Inc. grew its position in shares of American Express by 2.7% during the 3rd quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company’s stock valued at $398,000 after purchasing an additional 38 shares in the last quarter. Finally, Legacy Financial Strategies LLC grew its position in shares of American Express by 2.5% during the 3rd quarter. Legacy Financial Strategies LLC now owns 1,632 shares of the payment services company’s stock valued at $443,000 after purchasing an additional 40 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Performance

NYSE:AXP opened at $312.75 on Monday. The company’s 50-day moving average price is $299.26 and its 200-day moving average price is $271.98. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a market cap of $220.32 billion, a P/E ratio of 23.01, a P/E/G ratio of 1.38 and a beta of 1.23. American Express has a twelve month low of $177.81 and a twelve month high of $315.40.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The company had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same period in the previous year, the firm earned $3.30 earnings per share. American Express’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts forecast that American Express will post 13.48 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Wall Street Analysts Forecast Growth

AXP has been the subject of several research reports. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. StockNews.com upgraded shares of American Express from a “hold” rating to a “buy” rating in a report on Saturday, January 11th. BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective for the company. in a report on Tuesday, October 8th. Truist Financial assumed coverage on shares of American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Finally, The Goldman Sachs Group raised their target price on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $278.09.

Insiders Place Their Bets

In related news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 96,998 shares of company stock valued at $26,423,439 over the last ninety days. Company insiders own 0.11% of the company’s stock.

About American Express

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.