American Express Company $AXP Stock Holdings Trimmed by Kintegral Advisory LLC

Kintegral Advisory LLC lessened its holdings in shares of American Express Company (NYSE:AXP) by 0.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 41,596 shares of the payment services company’s stock after selling 62 shares during the quarter. American Express comprises approximately 1.2% of Kintegral Advisory LLC’s holdings, making the stock its 13th largest position. Kintegral Advisory LLC’s holdings in American Express were worth $13,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MorganRosel Wealth Management LLC bought a new position in American Express in the 1st quarter valued at about $29,000. Chung Wu Investment Group LLC acquired a new stake in shares of American Express in the 2nd quarter worth approximately $37,000. Hughes Financial Services LLC bought a new position in shares of American Express in the first quarter valued at approximately $35,000. Proffitt & Goodson Inc. bought a new position in shares of American Express in the second quarter valued at approximately $41,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of American Express during the first quarter valued at approximately $37,000. 84.33% of the stock is currently owned by institutional investors.

Insider Transactions at American Express

In related news, insider Glenda G. Mcneal sold 50,000 shares of American Express stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total value of $15,475,000.00. Following the transaction, the insider owned 10,957 shares of the company’s stock, valued at approximately $3,391,191.50. This trade represents a 82.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anna Marrs sold 5,500 shares of American Express stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the transaction, the insider directly owned 20,311 shares in the company, valued at $6,312,049.47. This represents a 21.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock worth $85,261,270 in the last three months. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

AXP has been the subject of a number of research analyst reports. HSBC set a $295.00 target price on American Express and gave the stock a “hold” rating in a research report on Friday. Morgan Stanley upped their price objective on American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. UBS Group raised their target price on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Truist Financial boosted their price target on shares of American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $323.60.

American Express Trading Down 2.5%

Shares of NYSE AXP opened at $316.27 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 1.80. American Express Company has a 12 month low of $220.43 and a 12 month high of $349.19. The company has a market cap of $220.09 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.66 and a beta of 1.29. The business has a fifty day simple moving average of $322.16 and a 200-day simple moving average of $300.36.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.86 by $0.22. The firm had revenue of $17.86 billion for the quarter, compared to analysts’ expectations of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.American Express’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $3.49 EPS. Sell-side analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. American Express’s dividend payout ratio (DPR) is currently 23.02%.

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.