Everpar Advisors LLC Sells 106 Shares of American Express (NYSE:AXP)

Everpar Advisors LLC decreased its holdings in shares of American Express (NYSE:AXP) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 887 shares of the payment services company’s stock after selling 106 shares during the period. Everpar Advisors LLC’s holdings in American Express were worth $263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Prospera Private Wealth LLC bought a new position in shares of American Express during the third quarter valued at approximately $27,000. Kennebec Savings Bank purchased a new position in American Express during the 3rd quarter valued at $29,000. True Wealth Design LLC raised its holdings in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after purchasing an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of American Express in the 3rd quarter worth about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of American Express during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other American Express news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the sale, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 41.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares in the company, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,998 shares of company stock worth $26,423,439. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on AXP. StockNews.com upgraded shares of American Express from a “hold” rating to a “buy” rating in a report on Saturday, January 11th. Barclays raised their target price on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Monness Crespi & Hardt upped their price target on American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a research note 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 report on Tuesday, October 8th. Finally, Evercore ISI boosted their target price on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $278.09.

American Express Trading Up 0.4 %

American Express stock opened at $312.75 on Friday. American Express has a one year low of $177.81 and a one year high of $315.40. The business’s fifty day moving average is $298.75 and its 200 day moving average is $271.18. The stock has a market capitalization of $220.32 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63.

American Express (NYSE:AXP) last announced its quarterly 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. The firm had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.30 earnings per share. On average, sell-side analysts predict that American Express will post 13.48 EPS for the current year.

American Express Announces Dividend

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