Glenview Trust co Has $5.14 Million Position in American Express (NYSE:AXP)

Glenview Trust co decreased its stake in American Express (NYSE:AXP) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,305 shares of the payment services company’s stock after selling 825 shares during the period. Glenview Trust co’s holdings in American Express were worth $5,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Prospera Private Wealth LLC bought a new stake in American Express during the third quarter valued at $27,000. True Wealth Design LLC lifted its stake in shares of American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 83 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of American Express during the 3rd quarter valued at about $38,000. Financial Life Planners acquired a new stake in American Express during the fourth quarter worth approximately $38,000. Finally, Sierra Ocean LLC bought a new stake in American Express in the fourth quarter worth approximately $40,000. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

Shares of NYSE:AXP opened at $266.04 on Monday. American Express has a fifty-two week low of $214.51 and a fifty-two week high of $326.27. The company’s 50-day moving average is $301.59 and its 200 day moving average is $288.41. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The company has a market capitalization of $186.90 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21.

American Express (NYSE:AXP) last released its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating 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, equities research analysts forecast that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.82 per share. This is an increase from American Express’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, April 4th. This represents a $3.28 annualized dividend and a dividend yield of 1.23%. American Express’s dividend payout ratio is presently 23.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AXP shares. BTIG Research increased their price target on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Compass Point reduced their price target on shares of American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their target price on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Finally, Monness Crespi & Hardt upped their price target on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $299.24.

Insider Buying and Selling

In related news, Director Michael J. Angelakis bought 3,700 shares of the company’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $269.89 per share, for a total transaction of $998,593.00. Following the completion of the transaction, the director now directly owns 3,700 shares in the company, valued at approximately $998,593. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction 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 transaction, the insider now owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This trade represents a 41.27 % 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 insiders.

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.