Kintegral Advisory LLC Decreases Stock Holdings in American Express (NYSE:AXP)

Kintegral Advisory LLC reduced its holdings in shares of American Express (NYSE:AXP) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,798 shares of the payment services company’s stock after selling 1,947 shares during the quarter. American Express accounts for 1.2% of Kintegral Advisory LLC’s portfolio, making the stock its 12th largest position. Kintegral Advisory LLC’s holdings in American Express were worth $12,405,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Prospera Private Wealth LLC acquired a new position in shares of American Express during the third quarter worth $27,000. Kennebec Savings Bank acquired a new stake in American Express in the third quarter valued at $29,000. True Wealth Design LLC raised its holdings in shares of American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after purchasing an additional 83 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of American Express during the third quarter worth $38,000. Finally, Financial Life Planners acquired a new stake in shares of American Express during the fourth quarter worth $38,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Performance

Shares of AXP opened at $295.23 on Friday. American Express has a 12-month low of $212.48 and a 12-month high of $326.27. The firm’s 50 day moving average is $307.54 and its 200-day moving average is $284.27. The stock has a market capitalization of $207.41 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.48 and a beta of 1.24. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57.

American Express (NYSE:AXP) last announced 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%. Equities research analysts anticipate that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, January 3rd. American Express’s payout ratio is 19.99%.

Wall Street Analyst Weigh In

AXP has been the topic of a number of research reports. William Blair reissued an “outperform” rating on shares of American Express in a report on Monday, January 27th. UBS Group increased their target price 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. Keefe, Bruyette & Woods upped their price target on shares of American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. StockNews.com lowered shares of American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Monness Crespi & Hardt upped their price target on shares of American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $296.38.

Insiders Place Their Bets

In related news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, the insider now owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock worth $9,613,503 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

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.