Oxford Financial Group LTD. LLC Sells 132 Shares of American Express (NYSE:AXP)

Oxford Financial Group LTD. LLC lowered its stake in shares of American Express (NYSE:AXP) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,272 shares of the payment services company’s stock after selling 132 shares during the quarter. Oxford Financial Group LTD. LLC’s holdings in American Express were worth $378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. Newbridge Financial Services Group Inc. acquired a new position in American Express in the 4th quarter valued at $832,000. World Investment Advisors LLC grew its position in shares of American Express by 430.6% in the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock valued at $1,292,000 after purchasing an additional 3,867 shares during the last quarter. Keybank National Association OH increased its stake in shares of American Express by 3.7% in the fourth quarter. Keybank National Association OH now owns 349,937 shares of the payment services company’s stock worth $103,858,000 after purchasing an additional 12,364 shares during the period. LVM Capital Management Ltd. MI lifted its position in shares of 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 worth $25,626,000 after purchasing an additional 2,557 shares during the last quarter. Finally, Edge Capital Group LLC boosted its stake in American Express by 20.9% during the 4th quarter. Edge Capital Group LLC now owns 6,451 shares of the payment services company’s stock valued at $1,915,000 after purchasing an additional 1,113 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Down 0.1 %

Shares of AXP opened at $270.48 on Friday. The firm has a market capitalization of $190.02 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.41 and a beta of 1.21. American Express has a 52 week low of $214.51 and a 52 week high of $326.28. 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’s fifty day moving average price is $298.30 and its two-hundred day moving average price is $288.31.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, analysts predict that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be issued a $0.82 dividend. This is a positive change from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, April 4th. American Express’s dividend payout ratio is currently 23.41%.

Analyst Ratings Changes

Several research firms recently commented on AXP. Evercore ISI upped their target price on shares of American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research note on Monday, January 27th. StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. The Goldman Sachs Group lowered their price objective on American Express from $367.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist Financial started coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price for the company. Finally, Bank of America lowered their price target on shares of American Express from $326.00 to $325.00 and set a “neutral” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $303.52.

Insiders Place Their Bets

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the transaction, the insider now directly owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Angelakis acquired 3,700 shares of American Express stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the purchase, the director now directly owns 3,700 shares in the company, valued at $998,593. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.12% 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.