Strategic Investment Advisors MI Sells 354 Shares of American Express (NYSE:AXP)

Strategic Investment Advisors MI trimmed its holdings in American Express (NYSE:AXP) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,105 shares of the payment services company’s stock after selling 354 shares during the quarter. Strategic Investment Advisors MI’s holdings in American Express were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AXP. Prospera Private Wealth LLC bought a new position in American Express in the third quarter worth $27,000. Kennebec Savings Bank bought a new position in shares of American Express during the third quarter valued at $29,000. True Wealth Design LLC boosted its position in American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of American Express during the third quarter worth approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of American Express in the third quarter valued at approximately $46,000. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

American Express stock opened at $320.87 on Monday. American Express has a 12 month low of $186.43 and a 12 month high of $326.27. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The business’s 50 day simple moving average is $302.35 and its 200 day simple moving average is $274.92. The company has a market cap of $226.04 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.51 and a beta of 1.23.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. Sell-side analysts forecast that American Express will post 13.4 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.87%. American Express’s payout ratio is 19.99%.

Insider Activity 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 transaction of $3,552,818.78. Following the sale, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. The trade was a 10.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the sale, the chief financial officer now directly owns 6,433 shares in the company, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of recent analyst reports. TD Cowen raised their price target on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Barclays boosted their price objective on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Wells Fargo & Company increased their price objective on shares of American Express from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Truist Financial started coverage on American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Finally, Morgan Stanley upped their price objective on American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. 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. According to data from MarketBeat.com, American Express currently has an average rating of “Hold” and a consensus target price of $281.00.

American Express 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.