Nwam LLC Sells 78 Shares of American Express (NYSE:AXP)

Nwam LLC lowered its stake in American Express (NYSE:AXP) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,218 shares of the payment services company’s stock after selling 78 shares during the period. Nwam LLC’s holdings in American Express were worth $362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Prospera Private Wealth LLC acquired a new position in shares of American Express in the third quarter valued at approximately $27,000. Kennebec Savings Bank bought a new stake in American Express during the 3rd quarter worth approximately $29,000. True Wealth Design LLC increased its position in 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 acquiring an additional 83 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of American Express during the third quarter valued at $38,000. Finally, Financial Life Planners acquired a new position in shares of American Express during the fourth quarter worth $38,000. Institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In related news, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the transaction, the insider now directly owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the insider now owns 13,500 shares in the company, 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. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AXP shares. Truist Financial began coverage on American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Compass Point reduced their target price on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Monness Crespi & Hardt increased their target price on shares of American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, BTIG Research boosted their price target on shares of American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $296.38.

American Express Trading Up 2.2 %

NYSE AXP opened at $300.77 on Friday. American Express has a 52 week low of $214.51 and a 52 week high of $326.27. The business has a 50 day moving average price of $307.44 and a 200-day moving average price of $286.76. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The company has a market cap of $211.30 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 1.41 and a beta of 1.24.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. As a group, equities analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.93%. American Express’s dividend payout ratio (DPR) is currently 19.99%.

About American Express

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.