American Express (NYSE:AXP) Shares Sold by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC cut its stake in American Express (NYSE:AXP) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 717 shares of the payment services company’s stock after selling 83 shares during the period. Burns Matteson Capital Management LLC’s holdings in American Express were worth $213,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AXP. International Assets Investment Management LLC boosted its position in shares of American Express by 26,783.5% in the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after purchasing an additional 906,353 shares during the period. FMR LLC boosted its holdings in shares of American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after acquiring an additional 866,110 shares during the period. Pathway Financial Advisers LLC grew its position in shares of American Express by 59,816.0% during the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after acquiring an additional 681,304 shares during the last quarter. World Investment Advisors LLC increased its holdings in shares of American Express by 35,213.7% in the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after acquiring an additional 316,219 shares during the period. Finally, National Bank of Canada FI raised its position in American Express by 73.7% in the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after purchasing an additional 300,138 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction dated Wednesday, February 5th. The shares were 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 directly owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the sale, the insider now owns 23,866 shares in the company, valued at $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,664 shares of company stock valued at $9,613,503. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Wells Fargo & Company boosted their price target on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Monness Crespi & Hardt lifted their target price on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, January 27th. TD Cowen upped their price target on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, Compass Point lowered their price objective 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. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, American Express has a consensus rating of “Hold” and an average target price of $296.38.

American Express Stock Down 1.1 %

American Express stock opened at $316.72 on Monday. The stock’s fifty day moving average is $306.29 and its two-hundred day moving average is $280.03. The firm has a market capitalization of $223.11 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. American Express has a fifty-two week low of $207.61 and a fifty-two week high of $326.27. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 1.67.

American Express (NYSE:AXP) last released its earnings results 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%. Analysts predict that American Express will post 15.32 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 dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.88%. American Express’s dividend payout ratio is presently 19.99%.

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.