Resonant Capital Advisors LLC Has $5.04 Million Stock Position in American Express (NYSE:AXP)

Resonant Capital Advisors LLC lowered its holdings in shares of American Express (NYSE:AXP) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,965 shares of the payment services company’s stock after selling 139 shares during the period. Resonant Capital Advisors LLC’s holdings in American Express were worth $5,035,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXP. Geode Capital Management LLC grew its position in shares of American Express by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock valued at $3,104,735,000 after buying an additional 86,100 shares during the last quarter. FMR LLC boosted its position in shares of American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after purchasing an additional 866,110 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of American Express by 5.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock valued at $1,249,415,000 after purchasing an additional 239,173 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of American Express by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock valued at $1,074,168,000 after purchasing an additional 33,193 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in American Express by 12.7% during the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after buying an additional 247,864 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE AXP opened at $317.12 on Monday. The stock has a fifty day simple moving average of $304.98 and a two-hundred day simple moving average of $277.54. American Express has a 1-year low of $199.88 and a 1-year high of $326.27. The firm has a market cap of $223.40 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Analysts anticipate that American Express will post 15.3 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s payout ratio is currently 19.99%.

Insider Transactions at American Express

In other news, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the transaction, the insider now directly owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was 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 in the company, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. 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 research note on Friday. Compass Point lowered their price objective on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. The Goldman Sachs Group increased their price objective on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, HSBC increased their price objective on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $296.38.

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.