American Express (NYSE:AXP) Shares Sold by Diversified Trust Co

Diversified Trust Co lowered its stake in American Express (NYSE:AXP) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,846 shares of the payment services company’s stock after selling 412 shares during the quarter. Diversified Trust Co’s holdings in American Express were worth $15,387,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its stake in American Express by 403.6% during the second quarter. Acadian Asset Management LLC now owns 40,492 shares of the payment services company’s stock worth $9,370,000 after purchasing an additional 32,451 shares in the last quarter. Koss Olinger Consulting LLC acquired a new stake in shares of American Express during the second quarter worth about $327,000. Quest Partners LLC purchased a new position in shares of American Express in the second quarter valued at approximately $901,000. Moser Wealth Advisors LLC grew its holdings in shares of American Express by 13.1% in the second quarter. Moser Wealth Advisors LLC now owns 2,326 shares of the payment services company’s stock valued at $539,000 after purchasing an additional 270 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in American Express by 11.2% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 7,901 shares of the payment services company’s stock worth $1,829,000 after buying an additional 793 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the sale, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the sale, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,998 shares of company stock valued at $26,423,439. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. BTIG Research lowered American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target on the stock. in a research report on Tuesday, October 8th. TD Cowen boosted their price objective on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Barclays raised their target price on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, HSBC cut shares of American Express from a “buy” rating to a “hold” rating and boosted their price target for the stock from $265.00 to $270.00 in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus price target of $272.64.

American Express Stock Performance

Shares of AXP stock traded up $0.83 during midday trading on Tuesday, hitting $302.71. The company had a trading volume of 620,342 shares, compared to its average volume of 1,793,162. American Express has a 52-week low of $177.81 and a 52-week high of $307.82. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The company’s 50 day simple moving average is $294.60 and its 200 day simple moving average is $267.67. The stock has a market cap of $213.24 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.73 and a beta of 1.23.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The company had revenue of $16.64 billion for the quarter, compared to analysts’ expectations of $16.68 billion. During the same period in the previous year, the company posted $3.30 EPS. American Express’s revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.92%. American Express’s payout ratio is currently 20.60%.

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.