American Express (NYSE:AXP) is Greystone Financial Group LLC’s 10th Largest Position

Greystone Financial Group LLC lifted its stake in American Express (NYSE:AXP) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,093 shares of the payment services company’s stock after purchasing an additional 697 shares during the quarter. American Express accounts for about 2.6% of Greystone Financial Group LLC’s investment portfolio, making the stock its 10th largest holding. Greystone Financial Group LLC’s holdings in American Express were worth $14,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. acquired a new position in shares of American Express in the fourth quarter worth about $832,000. World Investment Advisors LLC boosted its stake in American Express by 430.6% in the 3rd quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock worth $1,292,000 after purchasing an additional 3,867 shares during the period. XML Financial LLC grew its position in American Express by 9.8% during the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock worth $306,000 after purchasing an additional 101 shares in the last quarter. LVM Capital Management Ltd. MI raised its stake in American Express by 3.1% during the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after purchasing an additional 2,557 shares during the period. Finally, Game Plan Financial Advisors LLC lifted its holdings in shares of American Express by 17.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 18,982 shares of the payment services company’s stock valued at $5,638,000 after purchasing an additional 2,826 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Down 2.8 %

AXP opened at $295.23 on Friday. The firm has a market cap of $207.41 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The business has a 50 day moving average price of $307.54 and a 200 day moving average price of $284.27. American Express has a twelve month low of $212.48 and a twelve month high of $326.27.

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

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio is currently 19.99%.

Analyst Ratings Changes

AXP has been the topic of a number of research analyst reports. BTIG Research lifted their price target on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Morgan Stanley raised their price target on shares of American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a report on Monday, January 27th. Monness Crespi & Hardt boosted their price objective on shares of American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Truist Financial began coverage on shares of American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price for the company. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average target price of $296.38.

Insider Transactions at American Express

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the sale, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the transaction, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,664 shares of company stock worth $9,613,503. Company insiders own 0.12% of the company’s stock.

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.