Brown Brothers Harriman & Co. Acquires 121 Shares of American Express (NYSE:AXP)

Brown Brothers Harriman & Co. boosted its holdings in American Express (NYSE:AXP) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,690 shares of the payment services company’s stock after buying an additional 121 shares during the period. Brown Brothers Harriman & Co.’s holdings in American Express were worth $12,373,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Opal Wealth Advisors LLC boosted its holdings 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 valued at $636,000 after purchasing an additional 33 shares during the period. Catalina Capital Group LLC raised its position 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 valued at $996,000 after buying an additional 34 shares during the last quarter. Boston Financial Mangement LLC lifted its stake in shares of American Express by 0.9% in the fourth quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock valued at $1,189,000 after buying an additional 34 shares during the period. Auxier Asset Management grew its position in American Express by 0.5% during the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after buying an additional 35 shares in the last quarter. Finally, Abel Hall LLC raised its holdings in 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 acquiring an additional 35 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Express

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the transaction, the insider now directly owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Angelakis purchased 3,700 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was 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 $998,593. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the topic of several recent research reports. The Goldman Sachs Group decreased their price objective on American Express from $367.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. BTIG Research boosted their price target on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Truist Financial started coverage on shares of American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Citigroup lowered their target price on shares of American Express from $320.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Finally, Wells Fargo & Company raised their price target on shares of American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $302.57.

American Express Stock Down 2.5 %

Shares of AXP opened at $265.16 on Friday. The business’s fifty day moving average price is $295.02 and its two-hundred day moving average price is $289.13. The firm has a market capitalization of $186.28 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.41 and a beta of 1.21. American Express has a 52 week low of $214.51 and a 52 week high of $326.28. 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 (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 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%. On average, analysts predict that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be issued a $0.82 dividend. This is a positive change from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, April 4th. American Express’s dividend payout ratio is currently 23.41%.

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.