TFC Financial Management Inc. Has $274,000 Position in American Express (NYSE:AXP)

TFC Financial Management Inc. reduced its stake in American Express (NYSE:AXP) by 10.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 922 shares of the payment services company’s stock after selling 105 shares during the quarter. TFC Financial Management Inc.’s holdings in American Express were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. International Assets Investment Management LLC increased its position in American Express by 26,783.5% in the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after buying an additional 906,353 shares during the period. FMR LLC increased its position in shares of American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after purchasing an additional 866,110 shares during the period. Pathway Financial Advisers LLC increased its position in shares of American Express by 59,816.0% during the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after purchasing an additional 681,304 shares during the period. World Investment Advisors LLC increased its position in shares of American Express by 35,213.7% during the third quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after purchasing an additional 316,219 shares during the period. Finally, National Bank of Canada FI increased its position in shares of American Express by 73.7% during the third quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after purchasing an additional 300,138 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXP has been the topic of a number of analyst reports. Truist Financial initiated coverage on American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. StockNews.com cut American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Monness Crespi & Hardt upped their price target on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Finally, TD Cowen boosted their price objective on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus target price of $296.38.

American Express Stock Down 1.0 %

Shares of American Express stock opened at $306.46 on Thursday. American Express has a 1 year low of $207.61 and a 1 year high of $326.27. The business has a 50-day moving average of $306.60 and a two-hundred day moving average of $281.25. The company has a market capitalization of $215.89 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.67 and a quick ratio of 1.63.

American Express (NYSE:AXP) last posted its quarterly earnings data 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 return on equity of 32.65% and a net margin of 15.36%. As a group, equities analysts predict that American Express will post 15.32 EPS for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were given a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.91%. American Express’s dividend payout ratio (DPR) is presently 19.99%.

Insider Activity at American Express

In other news, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value 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. This trade represents 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 firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,664 shares of company stock valued at $9,613,503. 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.