Centerpoint Advisors LLC Has $1.14 Million Holdings in American Express (NYSE:AXP)

Centerpoint Advisors LLC decreased its position in American Express (NYSE:AXP) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,851 shares of the payment services company’s stock after selling 119 shares during the period. Centerpoint Advisors LLC’s holdings in American Express were worth $1,143,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC lifted its position in American Express by 1.6% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock worth $636,000 after buying an additional 33 shares during the last quarter. Catalina Capital Group LLC raised its stake in shares of American Express by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock worth $996,000 after acquiring an additional 34 shares in the last quarter. Auxier Asset Management lifted its holdings in shares of American Express by 0.5% in the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after acquiring an additional 35 shares during the last quarter. Abel Hall LLC boosted its stake in shares of American Express by 3.6% in the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after purchasing an additional 35 shares in the last quarter. Finally, Sunflower Bank N.A. raised its position in American Express by 0.9% in the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock worth $1,203,000 after purchasing an additional 35 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 1.3 %

AXP stock opened at $311.37 on Tuesday. 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 business has a 50 day moving average of $306.96 and a 200 day moving average of $282.46. American Express has a twelve month low of $209.10 and a twelve month high of $326.27. The firm has a market cap of $219.34 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, research analysts forecast that American Express will post 15.32 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, January 3rd. American Express’s payout ratio is 19.99%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AXP. Monness Crespi & Hardt raised their price objective on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Truist Financial began coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. Evercore ISI boosted their price objective on American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Finally, William Blair reissued an “outperform” rating on shares of American Express in a research report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $296.38.

Insider Activity at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction on Wednesday, November 27th. The stock was 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 owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the transaction, the insider now owns 13,500 shares of the company’s stock, valued at $4,308,795. This represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock valued at $9,613,503 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

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.