Bryn Mawr Capital Management LLC Sells 229 Shares of American Express (NYSE:AXP)

Bryn Mawr Capital Management LLC trimmed its position in American Express (NYSE:AXP) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,164 shares of the payment services company’s stock after selling 229 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in American Express were worth $1,829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Prospera Private Wealth LLC bought a new stake in shares of American Express in the 3rd quarter valued at about $27,000. Kennebec Savings Bank bought a new position in American Express in the 3rd quarter valued at about $29,000. True Wealth Design LLC raised its holdings in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 83 shares during the period. Financial Life Planners bought a new position in American Express in the 4th quarter valued at about $38,000. Finally, Sierra Ocean LLC bought a new position in American Express in the 4th quarter valued at about $40,000. 84.33% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the transaction, the insider now owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $4,765,295.26. Following the transaction, the insider now directly owns 23,866 shares of the company’s stock, valued at $7,492,492.04. The trade was a 38.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AXP. Royal Bank of Canada increased their target price on shares of American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. Wells Fargo & Company increased their target price on shares of American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Compass Point decreased their target price 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. Evercore ISI increased 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. Finally, Morgan Stanley increased their target price on shares of American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Monday, January 27th. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $296.38.

American Express Price Performance

Shares of NYSE:AXP opened at $295.86 on Thursday. The company has a market cap of $207.85 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.41 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. The firm has a 50 day simple moving average of $307.37 and a 200 day simple moving average of $285.93. American Express has a one year low of $214.51 and a one year high of $326.27.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS 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%. Research analysts predict that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.70 per share. 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 currently 19.99%.

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.