Raab & Moskowitz Asset Management LLC Sells 164 Shares of American Express (NYSE:AXP)

Raab & Moskowitz Asset Management LLC decreased its holdings in shares of American Express (NYSE:AXP) by 2.2% in the fourth quarter, Holdings Channel reports. The firm owned 7,230 shares of the payment services company’s stock after selling 164 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in American Express were worth $2,146,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Warren Street Wealth Advisors LLC bought a new position in shares of American Express during the 4th quarter worth approximately $215,000. Values First Advisors Inc. acquired a new position in American Express during the fourth quarter worth $358,000. Avion Wealth lifted its holdings in shares of American Express by 23.1% during the fourth quarter. Avion Wealth now owns 830 shares of the payment services company’s stock valued at $246,000 after acquiring an additional 156 shares during the period. Avidian Wealth Enterprises LLC lifted its holdings in shares of American Express by 7.0% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,911 shares of the payment services company’s stock valued at $567,000 after acquiring an additional 125 shares during the period. Finally, Kentucky Trust Co acquired a new stake in shares of American Express in the 4th quarter valued at $270,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the sale, the insider now owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This trade represents a 38.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,664 shares of company stock worth $9,613,503. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of recent analyst reports. StockNews.com cut shares of American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. TD Cowen raised their target price on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Barclays upped their price target on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada increased their price objective on shares of American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Finally, HSBC boosted their target price on shares of American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $296.38.

American Express Trading Down 1.0 %

AXP opened at $306.46 on Thursday. The firm’s fifty day moving average is $306.60 and its two-hundred day moving average is $281.25. The firm has a market cap of $215.89 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. American Express has a twelve month low of $207.61 and a twelve month high of $326.27. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 1.67.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Equities research analysts anticipate that American Express will post 15.32 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were paid a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.91%. American Express’s payout ratio is 19.99%.

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.