Raab & Moskowitz Asset Management LLC Has $1.45 Million Holdings in American Express (NYSE:AXP)

Raab & Moskowitz Asset Management LLC reduced its stake in shares of American Express (NYSE:AXP) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,727 shares of the payment services company’s stock after selling 175 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in American Express were worth $1,448,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in American Express in the 4th quarter valued at $28,000. Tennessee Valley Asset Management Partners bought a new stake in American Express in the 4th quarter valued at $28,000. BluePath Capital Management LLC bought a new stake in American Express in the 3rd quarter valued at $29,000. Pacifica Partners Inc. bought a new stake in American Express in the 4th quarter valued at $29,000. Finally, Baldwin Brothers LLC MA increased its holdings in American Express by 134.8% in the 4th quarter. Baldwin Brothers LLC MA now owns 155 shares of the payment services company’s stock valued at $29,000 after buying an additional 89 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AXP. Robert W. Baird lowered shares of American Express from a “neutral” rating to an “underperform” rating and set a $190.00 price target on the stock. in a report on Monday, January 8th. BMO Capital Markets boosted their price target on shares of American Express from $167.00 to $175.00 and gave the company an “underperform” rating in a report on Monday, April 22nd. Monness Crespi & Hardt raised shares of American Express from a “neutral” rating to a “buy” rating and set a $245.00 price target on the stock in a report on Friday, April 5th. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Friday. Finally, TD Cowen upped their target price on shares of American Express from $221.00 to $225.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Four 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.com, the company currently has an average rating of “Hold” and an average target price of $209.52.

Insider Buying and Selling at American Express

In related news, CEO Stephen J. Squeri sold 38,873 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $238.63, for a total value of $9,276,263.99. Following the sale, the chief executive officer now directly owns 76,310 shares in the company, valued at approximately $18,209,855.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Stephen J. Squeri sold 38,873 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $238.63, for a total transaction of $9,276,263.99. Following the completion of the transaction, the chief executive officer now directly owns 76,310 shares of the company’s stock, valued at approximately $18,209,855.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laureen Seeger sold 84,420 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $212.98, for a total transaction of $17,979,771.60. Following the transaction, the insider now directly owns 57,512 shares of the company’s stock, valued at $12,248,905.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 210,920 shares of company stock worth $45,804,652. Company insiders own 0.12% of the company’s stock.

American Express Stock Performance

American Express stock opened at $235.64 on Friday. 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 has a 1 year low of $140.91 and a 1 year high of $240.55. The company has a market cap of $169.50 billion, a PE ratio of 19.41, a PEG ratio of 1.34 and a beta of 1.23. The company’s 50-day moving average is $222.57 and its two-hundred day moving average is $191.74.

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

American Express Cuts Dividend

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

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.