St. Johns Investment Management Company LLC Sells 92 Shares of American Express (NYSE:AXP)

St. Johns Investment Management Company LLC trimmed its position in shares of American Express (NYSE:AXP) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,424 shares of the payment services company’s stock after selling 92 shares during the quarter. American Express comprises about 1.4% of St. Johns Investment Management Company LLC’s holdings, making the stock its 19th biggest holding. St. Johns Investment Management Company LLC’s holdings in American Express were worth $3,094,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AXP. Marshall Wace LLP grew its position in American Express by 105.4% in the 2nd quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock worth $232,000 after purchasing an additional 19,400 shares during the period. AlTi Global Inc. grew its holdings in shares of American Express by 175.6% in the second quarter. AlTi Global Inc. now owns 9,424 shares of the payment services company’s stock worth $2,182,000 after acquiring an additional 6,005 shares during the period. AQR Capital Management LLC increased its position in American Express by 31.2% during the second quarter. AQR Capital Management LLC now owns 109,198 shares of the payment services company’s stock valued at $25,285,000 after acquiring an additional 25,937 shares during the last quarter. Elgethun Capital Management lifted its holdings in American Express by 0.4% in the second quarter. Elgethun Capital Management now owns 18,218 shares of the payment services company’s stock valued at $4,218,000 after acquiring an additional 75 shares during the period. Finally, Dundas Partners LLP lifted its holdings in American Express by 1.0% in the second quarter. Dundas Partners LLP now owns 167,619 shares of the payment services company’s stock valued at $38,812,000 after acquiring an additional 1,619 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AXP. HSBC lowered shares of American Express from a “buy” rating to a “hold” rating and upped their price target for the company from $265.00 to $270.00 in a research report on Tuesday, October 8th. StockNews.com raised shares of American Express from a “hold” rating to a “buy” rating in a report on Saturday, January 11th. TD Cowen lifted their price target on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Wells Fargo & Company upped their price objective on American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Truist Financial began coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, American Express has a consensus rating of “Hold” and a consensus target price of $278.09.

American Express Trading Up 0.9 %

Shares of American Express stock opened at $325.12 on Friday. American Express has a twelve month low of $185.73 and a twelve month high of $326.28. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The business has a 50-day moving average price of $300.94 and a 200-day moving average price of $273.70. The firm has a market cap of $229.03 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.51 and a beta of 1.23.

American Express (NYSE:AXP) last announced its quarterly earnings results 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 15.32% and a return on equity of 32.46%. Equities research analysts anticipate that American Express will post 13.4 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is 20.60%.

Insider Transactions at American Express

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