Boyd Watterson Asset Management LLC OH Sells 162 Shares of American Express (NYSE:AXP)

Boyd Watterson Asset Management LLC OH lessened its stake in shares of American Express (NYSE:AXP) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,188 shares of the payment services company’s stock after selling 162 shares during the quarter. American Express comprises approximately 2.3% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 11th largest position. Boyd Watterson Asset Management LLC OH’s holdings in American Express were worth $8,366,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AXP. Opal Wealth Advisors LLC boosted its holdings in shares of American Express by 1.6% in the fourth quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock valued at $636,000 after buying an additional 33 shares during the period. Catalina Capital Group LLC lifted its position in American Express by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after acquiring an additional 34 shares in the last quarter. Boston Financial Mangement LLC boosted its stake in American Express by 0.9% in the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock worth $1,189,000 after purchasing an additional 34 shares during the period. Auxier Asset Management increased its holdings in American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after purchasing an additional 35 shares in the last quarter. Finally, Abel Hall LLC raised its stake in shares of 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 purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insiders Place Their Bets

In related news, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the transaction, the insider now directly owns 23,866 shares in the company, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock worth $9,613,503 over the last three months. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of several recent research reports. Compass Point reduced their price objective on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Evercore ISI upped their price target on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, January 27th. StockNews.com cut shares of American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. 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 stock. According to MarketBeat, American Express presently has an average rating of “Hold” and an average target price of $296.38.

American Express Stock Down 2.8 %

AXP stock opened at $295.23 on Friday. The business’s 50 day simple moving average is $307.54 and its 200 day simple moving average is $284.27. American Express has a 1-year low of $212.48 and a 1-year high of $326.27. The firm has a market capitalization of $207.41 billion, a PE ratio of 21.07, a PEG ratio of 1.48 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating 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, research analysts anticipate that American Express will post 15.32 EPS for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were issued a $0.70 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.95%. American Express’s dividend payout ratio 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.