Insigneo Advisory Services LLC Sells 1,759 Shares of American Express (NYSE:AXP)

Insigneo Advisory Services LLC cut its holdings in American Express (NYSE:AXP) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,165 shares of the payment services company’s stock after selling 1,759 shares during the quarter. Insigneo Advisory Services LLC’s holdings in American Express were worth $3,017,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of American Express during the 3rd quarter worth about $1,296,000. SOA Wealth Advisors LLC. boosted its holdings in shares of American Express by 2.7% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 8,031 shares of the payment services company’s stock worth $2,178,000 after buying an additional 209 shares during the period. SkyView Investment Advisors LLC grew its stake in American Express by 3.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,423 shares of the payment services company’s stock valued at $657,000 after buying an additional 73 shares during the last quarter. World Investment Advisors LLC lifted its position in American Express by 430.6% during the 3rd quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock worth $1,292,000 after acquiring an additional 3,867 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in shares of American Express by 293.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 31,428 shares of the payment services company’s stock valued at $8,523,000 after purchasing an additional 23,432 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on AXP shares. Wells Fargo & Company upped their price target on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. UBS Group increased their price objective on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Compass Point decreased their target price on shares of American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Truist Financial dropped their price target on shares of American Express from $350.00 to $343.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Finally, HSBC lifted their price objective on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, American Express currently has an average rating of “Hold” and a consensus price target of $296.81.

American Express Trading Up 1.0 %

Shares of NYSE AXP opened at $257.87 on Wednesday. American Express has a 1-year low of $216.51 and a 1-year high of $326.28. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The company has a 50-day moving average of $276.48 and a two-hundred day moving average of $288.09. The company has a market cap of $181.16 billion, a PE ratio of 18.41, a P/E/G ratio of 1.41 and a beta of 1.16.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share 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%. As a group, equities analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.27%. This is a positive change from American Express’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, April 4th. American Express’s dividend payout ratio (DPR) is presently 23.41%.

Insiders Place Their Bets

In other American Express news, Director Michael J. Angelakis bought 3,700 shares of the company’s stock in a transaction on Friday, March 7th. The stock was bought at an average price of $269.89 per share, for a total transaction of $998,593.00. Following the transaction, the director now owns 3,700 shares of the company’s stock, valued at approximately $998,593. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $3,027,327.45. Following the completion of the transaction, the insider now owns 13,500 shares in the company, valued at $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

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.