HHM Wealth Advisors LLC Has $431,000 Stake in American Express (NYSE:AXP)

HHM Wealth Advisors LLC reduced its holdings in American Express (NYSE:AXP) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,453 shares of the payment services company’s stock after selling 33 shares during the quarter. HHM Wealth Advisors LLC’s holdings in American Express were worth $431,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Auxier Asset Management grew its holdings in American Express by 0.5% in the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock valued at $1,934,000 after buying an additional 35 shares during the last quarter. Abel Hall LLC grew its stake in shares of American Express by 3.6% in the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after acquiring an additional 35 shares during the last quarter. Sunflower Bank N.A. increased its position in American Express by 0.9% during the fourth quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock worth $1,203,000 after acquiring an additional 35 shares during the period. Foster & Motley Inc. increased its position in American Express by 2.1% during the fourth quarter. Foster & Motley Inc. now owns 1,716 shares of the payment services company’s stock worth $509,000 after acquiring an additional 35 shares during the period. Finally, Insight Inv LLC raised its stake in American Express by 0.3% during the 4th quarter. Insight Inv LLC now owns 12,017 shares of the payment services company’s stock valued at $3,567,000 after purchasing an additional 36 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AXP has been the subject of several research reports. Barclays increased their target price on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Citigroup lifted their price objective on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Morgan Stanley upped their target price on American Express from $305.00 to $310.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Compass Point decreased their price target on shares of American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, The Goldman Sachs Group increased their price objective on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Three equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $296.38.

Insider Transactions at American Express

In related news, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the sale, the insider now directly owns 23,866 shares of the company’s stock, valued at $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

American Express Stock Down 0.6 %

Shares of NYSE AXP opened at $317.12 on Monday. American Express has a 12-month low of $199.88 and a 12-month high of $326.27. The firm’s 50-day simple moving average is $304.98 and its 200 day simple moving average is $277.54. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. The company has a market cap of $223.40 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.23.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) 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%. On average, research analysts expect that American Express will post 15.3 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.88%. American Express’s dividend payout ratio (DPR) is currently 19.99%.

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.