Mascoma Wealth Management LLC Has $184,000 Stock Holdings in American Express (NYSE:AXP)

Mascoma Wealth Management LLC reduced its holdings in shares of American Express (NYSE:AXP) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 621 shares of the payment services company’s stock after selling 39 shares during the quarter. Mascoma Wealth Management LLC’s holdings in American Express were worth $184,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AXP. Opal Wealth Advisors LLC grew its holdings in shares of American Express by 1.6% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock valued at $636,000 after purchasing an additional 33 shares during the last quarter. Catalina Capital Group LLC grew its stake in shares of American Express by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock worth $996,000 after buying an additional 34 shares during the last quarter. Boston Financial Mangement LLC increased its holdings in shares of American Express by 0.9% during the fourth quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock worth $1,189,000 after buying an additional 34 shares in the last quarter. Auxier Asset Management increased its holdings in shares of American Express by 0.5% during the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after buying an additional 35 shares in the last quarter. Finally, Abel Hall LLC lifted its stake in shares of American Express by 3.6% in the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s 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 sale, the insider now owns 13,500 shares in the company, valued at $4,308,795. This represents a 41.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael J. Angelakis purchased 3,700 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the transaction, the director now owns 3,700 shares in the company, valued at $998,593. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

American Express Stock Up 2.3 %

American Express stock opened at $261.19 on Thursday. The company has a market capitalization of $183.49 billion, a PE ratio of 18.64, a PEG ratio of 1.41 and a beta of 1.21. American Express has a 12-month low of $214.51 and a 12-month high of $326.27. The firm’s fifty day moving average is $303.18 and its 200 day moving average is $288.10. The company has a quick ratio of 1.57, a current ratio of 1.58 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 net margin of 15.36% and a return on equity of 32.65%. As a group, sell-side analysts predict that American Express will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.28 annualized dividend and a yield of 1.26%. This is a positive change from American Express’s previous quarterly dividend of $0.70. American Express’s dividend payout ratio is presently 23.41%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup upped their target price on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Truist Financial began coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Evercore ISI lifted their target price on shares of American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research report on Monday, January 27th. HSBC upped their price target on shares of American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Finally, BTIG Research lifted their price target on shares of American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Three 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’s stock. According to MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $296.38.

About American Express

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.