JFS Wealth Advisors LLC Has $428,000 Stock Position in American Express (NYSE:AXP)

JFS Wealth Advisors LLC trimmed its position in shares of American Express (NYSE:AXP) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,443 shares of the payment services company’s stock after selling 118 shares during the period. JFS Wealth Advisors LLC’s holdings in American Express were worth $428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of American Express in the 4th quarter valued at $832,000. World Investment Advisors LLC boosted its stake in American Express by 430.6% in the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock valued at $1,292,000 after buying an additional 3,867 shares in the last quarter. XML Financial LLC grew its position in American Express by 9.8% in the third quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after acquiring an additional 101 shares during the last quarter. LVM Capital Management Ltd. MI raised its stake in American Express by 3.1% during the fourth quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock worth $25,626,000 after acquiring an additional 2,557 shares in the last quarter. Finally, Hager Investment Management Services LLC bought a new position in shares of American Express in the fourth quarter worth about $832,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Express

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction that occurred 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 directly owns 13,500 shares of the company’s stock, valued at $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the sale, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 30,664 shares of company stock valued at $9,613,503 in the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on AXP. Compass Point lowered their price objective on shares of American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. UBS Group upped their price target on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Monness Crespi & Hardt boosted their price objective on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company increased their target price on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, BTIG Research boosted their price target on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $296.38.

American Express Stock Up 1.3 %

Shares of American Express stock opened at $311.37 on Tuesday. The firm has a market cap of $219.34 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.50 and a beta of 1.24. The stock’s 50-day moving average is $306.96 and its 200 day moving average is $282.46. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.67 and a quick ratio of 1.63. American Express has a one year low of $209.10 and a one year high of $326.27.

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

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.90%. American Express’s dividend payout ratio is currently 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.