Bryn Mawr Capital Management LLC Has $1.83 Million Stock Position in American Express (NYSE:AXP)

Bryn Mawr Capital Management LLC trimmed its stake in shares of American Express (NYSE:AXP) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,164 shares of the payment services company’s stock after selling 229 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in American Express were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Kellett Wealth Advisors LLC bought a new position in shares of American Express in the fourth quarter valued at approximately $216,000. Advisor OS LLC raised its stake in shares of American Express by 64.8% in the fourth quarter. Advisor OS LLC now owns 5,323 shares of the payment services company’s stock valued at $1,580,000 after acquiring an additional 2,094 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in shares of American Express in the fourth quarter valued at approximately $12,000,000. Longbow Finance SA raised its stake in shares of American Express by 5.0% in the fourth quarter. Longbow Finance SA now owns 23,144 shares of the payment services company’s stock valued at $6,869,000 after acquiring an additional 1,096 shares during the last quarter. Finally, Todd Asset Management LLC raised its stake in shares of American Express by 58.2% in the fourth quarter. Todd Asset Management LLC now owns 240,070 shares of the payment services company’s stock valued at $71,250,000 after acquiring an additional 88,303 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

Shares of NYSE AXP opened at $295.86 on Thursday. The firm has a market cap of $207.85 billion, a PE ratio of 21.12, a PEG ratio of 1.41 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 has a 1-year low of $214.51 and a 1-year high of $326.27. The company has a fifty day moving average price of $307.37 and a 200 day moving average price of $285.93.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Research analysts predict that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s payout ratio is presently 19.99%.

Insider Buying and Selling

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the sale, the insider now directly owns 13,500 shares of the company’s stock, valued at $4,308,795. The trade was a 41.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AXP shares. HSBC lifted their target price on shares of American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Monness Crespi & Hardt boosted their price objective on shares of American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada lifted their target price on shares of American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Finally, Truist Financial began coverage on shares of American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, American Express has an average rating of “Hold” and an average target price of $296.38.

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.