First Financial Corp IN Sells 279 Shares of American Express (NYSE:AXP)

First Financial Corp IN reduced its stake in shares of American Express (NYSE:AXPFree Report) by 25.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 827 shares of the payment services company’s stock after selling 279 shares during the period. First Financial Corp IN’s holdings in American Express were worth $188,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AXP. Hexagon Capital Partners LLC raised its holdings in shares of American Express by 3.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,490 shares of the payment services company’s stock valued at $279,000 after purchasing an additional 49 shares during the period. Level Four Advisory Services LLC raised its holdings in shares of American Express by 2.3% in the 4th quarter. Level Four Advisory Services LLC now owns 2,188 shares of the payment services company’s stock valued at $410,000 after purchasing an additional 50 shares during the period. Game Plan Financial Advisors LLC raised its holdings in shares of American Express by 62.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock valued at $30,000 after purchasing an additional 50 shares during the period. West Coast Financial LLC raised its holdings in shares of American Express by 1.3% in the 1st quarter. West Coast Financial LLC now owns 3,925 shares of the payment services company’s stock valued at $894,000 after purchasing an additional 50 shares during the period. Finally, Bath Savings Trust Co raised its holdings in shares of American Express by 1.9% in the 1st quarter. Bath Savings Trust Co now owns 3,064 shares of the payment services company’s stock valued at $698,000 after purchasing an additional 56 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. TD Cowen upped their price target on shares of American Express from $221.00 to $225.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. HSBC upped their price target on shares of American Express from $232.00 to $239.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Robert W. Baird raised their target price on shares of American Express from $190.00 to $205.00 and gave the stock an “underperform” rating in a report on Wednesday, May 1st. Morgan Stanley boosted their price target on American Express from $222.00 to $226.00 and gave the company an “equal weight” rating in a research note on Monday, April 22nd. Finally, Oppenheimer reissued an “outperform” rating on shares of American Express in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $220.30.

View Our Latest Stock Report on AXP

American Express Trading Down 0.4 %

Shares of NYSE:AXP traded down $0.86 during trading on Tuesday, reaching $230.61. The stock had a trading volume of 3,479,748 shares, compared to its average volume of 3,055,071. The firm’s fifty day moving average is $233.96 and its 200 day moving average is $214.72. 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 52 week low of $140.91 and a 52 week high of $244.41. The stock has a market cap of $165.88 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.31 and a beta of 1.22.

American Express (NYSE:AXPGet Free Report) last issued its earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.36. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. American Express had a net margin of 14.50% and a return on equity of 32.46%. American Express’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.40 earnings per share. As a group, equities analysts forecast that American Express will post 13 EPS for the current fiscal year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.70 per share. This is an increase from American Express’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, July 5th. This represents a $2.80 annualized dividend and a yield of 1.21%. American Express’s dividend payout ratio is presently 23.06%.

Insiders Place Their Bets

In other American Express news, Vice Chairman Douglas E. Buckminster sold 117,309 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $232.44, for a total transaction of $27,267,303.96. Following the transaction, the insider now owns 110,318 shares in the company, valued at $25,642,315.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other American Express news, Vice Chairman Douglas E. Buckminster sold 117,309 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $232.44, for a total transaction of $27,267,303.96. Following the transaction, the insider now owns 110,318 shares in the company, valued at $25,642,315.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Stephen J. Squeri sold 38,873 shares of the company’s stock in a transaction 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 approximately $18,209,855.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,717 shares of company stock worth $41,680,999. Insiders own 0.11% of the company’s stock.

American Express Company Profile

(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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