American Express (NYSE:AXP) Stock Holdings Lowered by Millington Financial Advisors LLC

Millington Financial Advisors LLC trimmed its holdings in shares of American Express (NYSE:AXP) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,557 shares of the payment services company’s stock after selling 170 shares during the period. Millington Financial Advisors LLC’s holdings in American Express were worth $809,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AXP. Prospera Private Wealth LLC acquired a new stake in American Express during the 3rd quarter worth about $27,000. Kennebec Savings Bank purchased a new position in shares of American Express in the third quarter worth approximately $29,000. True Wealth Design LLC raised its holdings in shares of American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 83 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of American Express during the third quarter valued at approximately $38,000. Finally, Financial Life Planners purchased a new stake in shares of American Express in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AXP shares. Evercore ISI boosted their target price on shares of American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research note on Monday, January 27th. Truist Financial started coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. William Blair reiterated an “outperform” rating on shares of American Express in a report on Monday, January 27th. Finally, Monness Crespi & Hardt raised their price target on shares of American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $296.38.

Insider Buying and Selling at American Express

In related news, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the transaction, the insider now owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. The trade was a 38.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now directly owns 13,500 shares in the company, valued at $4,308,795. This trade 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 worth $9,613,503 over the last ninety days. Company insiders own 0.11% of the company’s stock.

American Express Stock Performance

Shares of NYSE AXP opened at $295.16 on Tuesday. The business’s 50-day simple moving average is $307.38 and its 200-day simple moving average is $285.47. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. American Express has a 52 week low of $213.25 and a 52 week high of $326.27. The firm has a market cap of $207.36 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.41 and a beta of 1.24.

American Express (NYSE:AXP) last announced its quarterly earnings results 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 32.65% and a net margin of 15.36%. As a group, equities research analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio is 19.99%.

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.