FDx Advisors Inc. Has $263,000 Stake in American Express (NYSE:AXP)

FDx Advisors Inc. reduced its position in shares of American Express (NYSE:AXP) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 886 shares of the payment services company’s stock after selling 222 shares during the period. FDx Advisors Inc.’s holdings in American Express were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Prospera Private Wealth LLC bought a new stake in American Express in the 3rd quarter valued at approximately $27,000. Kennebec Savings Bank acquired a new stake in shares of American Express in the third quarter valued at approximately $29,000. True Wealth Design LLC lifted its position in shares of American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after purchasing an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in American Express during the third quarter worth $38,000. Finally, Financial Life Planners bought a new position in American Express in the fourth quarter valued at $38,000. 84.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on AXP. 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. Morgan Stanley upped their target price on American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a report on Monday, January 27th. StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. HSBC boosted their price target on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, Citigroup increased their price objective on American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus target price of $296.38.

Insider Buying and Selling at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction on 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 $4,308,795. This trade represents a 41.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction on 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 sale, the insider now owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock valued at $9,613,503 in the last quarter. Company insiders own 0.12% of the company’s stock.

American Express Price Performance

Shares of NYSE AXP opened at $295.23 on Friday. The firm has a market cap of $207.41 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The business’s 50 day moving average is $307.54 and its 200-day moving average is $284.27. 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 $212.48 and a 1-year high of $326.27.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS 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%. Equities research analysts predict that American Express will post 15.32 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s dividend payout ratio (DPR) is 19.99%.

American Express Company 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.