AMG National Trust Bank Sells 470 Shares of American Express (NYSE:AXP)

AMG National Trust Bank lowered its stake in shares of American Express (NYSE:AXPFree Report) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,500 shares of the payment services company’s stock after selling 470 shares during the period. AMG National Trust Bank’s holdings in American Express were worth $4,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Venture Visionary Partners LLC increased its holdings in American Express by 0.3% in the 4th quarter. Venture Visionary Partners LLC now owns 23,211 shares of the payment services company’s stock worth $4,349,000 after acquiring an additional 65 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its position in shares of American Express by 5.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 11,587 shares of the payment services company’s stock valued at $2,171,000 after purchasing an additional 609 shares during the period. Cerity Partners LLC lifted its stake in shares of American Express by 417.3% during the 4th quarter. Cerity Partners LLC now owns 415,696 shares of the payment services company’s stock valued at $77,876,000 after buying an additional 335,338 shares in the last quarter. Cullen Investment Group LTD. bought a new position in American Express in the 4th quarter worth $2,460,000. Finally, J.W. Cole Advisors Inc. increased its stake in American Express by 35.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 9,806 shares of the payment services company’s stock worth $1,837,000 after buying an additional 2,572 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Up 0.6 %

NYSE:AXP traded up $1.50 during mid-day trading on Friday, hitting $242.82. 1,848,915 shares of the company’s stock traded hands, compared to its average volume of 3,395,765. The company has a fifty day moving average of $228.61 and a 200 day moving average of $201.18. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.62 and a current ratio of 1.62. American Express has a twelve month low of $140.91 and a twelve month high of $243.54. The company has a market capitalization of $174.66 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.38 and a beta of 1.20.

American Express (NYSE:AXPGet Free Report) last released its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.36. American Express had a net margin of 14.50% and a return on equity of 32.46%. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. During the same quarter in the prior year, the business earned $2.40 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts forecast that American Express will post 12.99 EPS for the current year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, July 5th. This is a boost from American Express’s previous quarterly dividend of $0.10. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.15%. American Express’s dividend payout ratio (DPR) is 23.06%.

Analysts Set New Price Targets

AXP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on American Express from $214.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Oppenheimer restated an “outperform” rating on shares of American Express in a research report on Friday, April 5th. TD Cowen boosted their price objective on shares of American Express from $221.00 to $225.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. StockNews.com upgraded shares of American Express from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Finally, Morgan Stanley increased their price objective on shares of American Express from $222.00 to $226.00 and gave the stock an “equal weight” rating in a research report on Monday, April 22nd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $210.71.

Get Our Latest Stock Analysis on American Express

Insider Activity at American Express

In other American Express news, CEO Stephen J. Squeri sold 38,873 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $238.63, for a total transaction of $9,276,263.99. Following the transaction, the chief executive officer now owns 76,310 shares in the company, valued at $18,209,855.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other American Express news, CEO Stephen J. Squeri sold 38,873 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $238.63, for a total transaction of $9,276,263.99. Following the completion of the transaction, the chief executive officer now directly owns 76,310 shares in the company, valued at $18,209,855.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Quinn Jessica Lieberman sold 3,141 shares of American Express stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $232.36, for a total transaction of $729,842.76. Following the completion of the sale, the executive vice president now owns 258 shares in the company, valued at approximately $59,948.88. The disclosure for this sale can be found here. Insiders sold a total of 177,717 shares of company stock worth $41,680,999 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

About American Express

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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