Keybank National Association OH Purchases 12,364 Shares of American Express (NYSE:AXP)

Keybank National Association OH increased its holdings in American Express (NYSE:AXP) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,937 shares of the payment services company’s stock after acquiring an additional 12,364 shares during the quarter. Keybank National Association OH’s holdings in American Express were worth $103,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AXP. Proficio Capital Partners LLC increased its position in American Express by 36,719.1% during the 4th quarter. Proficio Capital Partners LLC now owns 1,011,790 shares of the payment services company’s stock valued at $300,289,000 after buying an additional 1,009,042 shares in the last quarter. FMR LLC grew its stake in shares of American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after acquiring an additional 866,110 shares during the last quarter. World Investment Advisors LLC increased its holdings in shares of American Express by 35,213.7% during the third quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after acquiring an additional 316,219 shares in the last quarter. National Bank of Canada FI grew its position in American Express by 73.7% during the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after purchasing an additional 300,138 shares during the last quarter. Finally, Capital Wealth Planning LLC increased its stake in American Express by 22.0% during the 4th quarter. Capital Wealth Planning LLC now owns 1,517,668 shares of the payment services company’s stock valued at $450,429,000 after purchasing an additional 273,813 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In related news, insider Raymond Joabar sold 15,179 shares of the business’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 sale, the insider now owns 23,866 shares in the company, valued at approximately $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the sale, the insider now directly owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

American Express Stock Performance

NYSE:AXP opened at $295.12 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The stock’s fifty day moving average is $307.36 and its 200 day moving average is $287.39. The firm has a market capitalization of $207.33 billion, a PE ratio of 21.06, a PEG ratio of 1.41 and a beta of 1.24. American Express has a fifty-two week low of $214.51 and a fifty-two week high of $326.27.

American Express (NYSE:AXP) last released its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.82 per share. This is a boost from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.11%. American Express’s dividend payout ratio is currently 19.99%.

Analyst Upgrades and Downgrades

Several analysts have commented on AXP shares. Citigroup increased their target price on American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Evercore ISI lifted their price objective on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a report on Monday, January 27th. UBS Group boosted their target price on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Monness Crespi & Hardt boosted their price objective on shares of American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, HSBC lifted their target price on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Express currently has an average rating of “Hold” and an average target price of $296.38.

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.