Tompkins Financial Corp Has $880,000 Holdings in American Express (NYSE:AXP)

Tompkins Financial Corp increased its holdings in shares of American Express (NYSE:AXP) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,964 shares of the payment services company’s stock after acquiring an additional 466 shares during the period. Tompkins Financial Corp’s holdings in American Express were worth $880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Prospera Private Wealth LLC bought a new stake in shares of American Express during the third quarter worth $27,000. Kennebec Savings Bank bought a new stake in American Express during the 3rd quarter worth about $29,000. True Wealth Design LLC increased its position 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 in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of American Express in the third quarter worth about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of American Express during the third quarter worth approximately $46,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on AXP shares. UBS Group boosted their price objective on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday. Compass Point boosted their target price on American Express from $315.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. HSBC cut American Express from a “buy” rating to a “hold” rating and raised their price target for the company from $265.00 to $270.00 in a report on Tuesday, October 8th. Truist Financial assumed coverage on American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Finally, Morgan Stanley upped their target price on shares of American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $278.09.

American Express Stock Performance

AXP stock opened at $311.69 on Friday. American Express has a 1-year low of $177.81 and a 1-year high of $314.00. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The firm has a market cap of $219.57 billion, a PE ratio of 22.94, a P/E/G ratio of 1.38 and a beta of 1.23. The business’s 50-day moving average price is $298.26 and its two-hundred day moving average price is $270.90.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business had revenue of $16.64 billion for the quarter, compared to analysts’ expectations of $16.68 billion. During the same quarter in the previous year, the business posted $3.30 EPS. American Express’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts forecast that American Express will post 13.48 earnings per share for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is currently 20.60%.

Insider Buying and Selling at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the sale, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the sale, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. This trade represents a 41.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,998 shares of company stock valued at $26,423,439. 0.11% of the stock is currently owned by corporate insiders.

American Express 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.