American Express (NYSE:AXP) Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its position in American Express (NYSE:AXP) by 8.4% during the fourth quarter, Holdings Channel reports. The firm owned 16,355 shares of the payment services company’s stock after selling 1,502 shares during the quarter. Dakota Wealth Management’s holdings in American Express were worth $4,854,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AXP. Marshall Wace LLP increased its stake in American Express by 105.4% during the second quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock worth $232,000 after purchasing an additional 19,400 shares during the period. Mill Creek Capital Advisors LLC acquired a new position in shares of American Express in the second quarter valued at approximately $219,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in American Express by 58.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 110,339 shares of the payment services company’s stock worth $25,549,000 after buying an additional 40,499 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of American Express by 327.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,961 shares of the payment services company’s stock worth $5,548,000 after acquiring an additional 18,351 shares in the last quarter. Finally, Trinity Legacy Partners LLC increased its position in shares of American Express by 0.7% during the second quarter. Trinity Legacy Partners LLC now owns 21,839 shares of the payment services company’s stock worth $5,057,000 after acquiring an additional 159 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Compass Point lifted their target price on American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. BTIG Research downgraded American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective for the company. 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 research note on Saturday, January 11th. Keefe, Bruyette & Woods lifted their price target on shares of American Express from $325.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Hsbc Global Res downgraded shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus target price of $278.09.

Insider Transactions at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

American Express Stock Performance

NYSE AXP opened at $322.48 on Thursday. The firm has a market cap of $227.17 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.47 and a beta of 1.23. American Express has a 52-week low of $184.81 and a 52-week high of $322.82. The business’s 50-day moving average price is $300.24 and its 200 day moving average price is $273.36. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s payout ratio is currently 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.