American Express (NYSE:AXP) Holdings Decreased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC decreased its holdings in shares of American Express (NYSE:AXP) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,183 shares of the payment services company’s stock after selling 2,207 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in American Express were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bradley & Co. Private Wealth Management LLC grew its holdings in shares of American Express by 2.0% during the fourth quarter. Bradley & Co. Private Wealth Management LLC now owns 35,933 shares of the payment services company’s stock valued at $6,732,000 after buying an additional 710 shares in the last quarter. Wisconsin Capital Management LLC boosted its position in American Express by 1.5% during the fourth quarter. Wisconsin Capital Management LLC now owns 23,158 shares of the payment services company’s stock valued at $4,338,000 after purchasing an additional 333 shares during the last quarter. Stevens Capital Management LP acquired a new stake in American Express during the fourth quarter valued at $529,000. Syon Capital LLC boosted its position in American Express by 4.5% during the fourth quarter. Syon Capital LLC now owns 5,515 shares of the payment services company’s stock valued at $1,033,000 after purchasing an additional 235 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in American Express by 68.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the payment services company’s stock valued at $393,000 after purchasing an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AXP shares. Robert W. Baird cut American Express from a “neutral” rating to an “underperform” rating and set a $190.00 price objective for the company. in a research report on Monday, January 8th. TD Cowen lifted their price objective on American Express from $221.00 to $225.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. Monness Crespi & Hardt raised American Express from a “neutral” rating to a “buy” rating and set a $245.00 price target for the company in a research report on Friday, April 5th. DZ Bank cut American Express from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Finally, Morgan Stanley boosted their price target on American Express from $222.00 to $226.00 and gave the stock an “equal weight” rating in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $209.52.

American Express Trading Down 0.6 %

AXP stock opened at $235.60 on Friday. American Express has a 1-year low of $140.91 and a 1-year high of $240.55. The firm has a market cap of $169.47 billion, a P/E ratio of 19.41, a P/E/G ratio of 1.35 and a beta of 1.23. The business’s 50 day moving average is $222.57 and its 200-day moving average is $191.45. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 1.70.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.36. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. American Express had a return on equity of 32.46% and a net margin of 14.50%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.40 EPS. Equities analysts anticipate that American Express will post 12.99 earnings per share for the current fiscal year.

American Express Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 5th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, April 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.17%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Insiders Place Their Bets

In other American Express news, insider Monique Herena sold 11,242 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $208.41, for a total transaction of $2,342,945.22. Following the transaction, the insider now owns 13,874 shares of the company’s stock, valued at approximately $2,891,480.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Monique Herena sold 11,242 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $208.41, for a total transaction of $2,342,945.22. Following the sale, the insider now owns 13,874 shares of the company’s stock, valued at approximately $2,891,480.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Howard Grosfield sold 7,029 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $203.65, for a total value of $1,431,455.85. Following the transaction, the insider now owns 12,388 shares of the company’s stock, valued at approximately $2,522,816.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 210,920 shares of company stock valued at $45,804,652. 0.12% of the stock is currently owned by corporate 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.