American Express (NYSE:AXP) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lessened its holdings in American Express (NYSE:AXP) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,965 shares of the payment services company’s stock after selling 139 shares during the quarter. Resonant Capital Advisors LLC’s holdings in American Express were worth $5,035,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC bought a new stake in shares of American Express during the third quarter valued at about $27,000. Kennebec Savings Bank bought a new stake in shares of American Express during the third quarter valued at about $29,000. True Wealth Design LLC raised its stake in shares of American Express by 332.0% during the third 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 in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of American Express during the third quarter valued at about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of American Express during the third quarter valued at about $46,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Evercore ISI boosted their price target on shares of American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research report on Monday, January 27th. UBS Group boosted their price target on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Truist Financial assumed coverage on shares of American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. StockNews.com cut shares of American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Barclays boosted their price target on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $296.38.

American Express Trading Down 0.6 %

NYSE:AXP opened at $317.12 on Monday. American Express has a 1-year low of $199.88 and a 1-year high of $326.27. The business’s 50-day moving average price is $304.98 and its two-hundred day moving average price is $277.54. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $223.40 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.49 and a beta of 1.24.

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 the consensus estimate 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, equities analysts expect that American Express will post 15.3 earnings per share for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio is currently 19.99%.

Insider Buying and Selling

In other American Express news, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the transaction, the insider now directly owns 23,866 shares in the company, 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 through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

American Express 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.