Cantor Fitzgerald Investment Advisors L.P. Sells 68 Shares of American Express (NYSE:AXP)

Cantor Fitzgerald Investment Advisors L.P. reduced its stake in American Express (NYSE:AXP) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,910 shares of the payment services company’s stock after selling 68 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in American Express were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AXP. Prospera Private Wealth LLC bought a new position in shares of American Express during the third quarter valued at $27,000. Kennebec Savings Bank acquired a new stake in shares of American Express during the 3rd quarter worth about $29,000. True Wealth Design LLC lifted its holdings in American Express by 332.0% during the 3rd 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 during the last quarter. Itau Unibanco Holding S.A. acquired a new position in American Express in the third quarter valued at about $38,000. Finally, Financial Life Planners acquired a new stake in shares of American Express during the fourth quarter worth approximately $38,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Down 1.1 %

Shares of AXP stock opened at $316.72 on Friday. The firm’s fifty day moving average price is $306.05 and its two-hundred day moving average price is $279.30. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. American Express has a 1 year low of $207.61 and a 1 year high of $326.27. The firm has a market capitalization of $223.11 billion, a P/E ratio of 22.61, a PEG ratio of 1.49 and a beta of 1.24.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 predict that American Express will post 15.3 EPS for the current fiscal year.

American Express Dividend Announcement

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

Insider Activity

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 shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,664 shares of company stock valued at $9,613,503. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AXP shares. Evercore ISI boosted their price objective on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research note on Monday, January 27th. Citigroup boosted their target price on shares of American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Truist Financial started coverage on shares of American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. Wells Fargo & Company upped their price objective on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and an average price target 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.