American Express (NYSE:AXP) Shares Sold by Marino Stram & Associates LLC

Marino Stram & Associates LLC reduced its position in shares of American Express (NYSE:AXP) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,376 shares of the payment services company’s stock after selling 98 shares during the period. Marino Stram & Associates LLC’s holdings in American Express were worth $705,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Auxier Asset Management raised its holdings in 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 purchasing an additional 35 shares in the last quarter. Abel Hall LLC increased its holdings in American Express by 3.6% in the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after buying an additional 35 shares in the last quarter. Sunflower Bank N.A. increased its holdings in American Express by 0.9% in the fourth quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock valued at $1,203,000 after buying an additional 35 shares in the last quarter. Sovereign Financial Group Inc. increased its holdings in American Express by 2.7% in the third quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company’s stock valued at $398,000 after buying an additional 38 shares in the last quarter. Finally, Lmcg Investments LLC increased its holdings in American Express by 2.0% in the fourth quarter. Lmcg Investments LLC now owns 1,988 shares of the payment services company’s stock valued at $590,000 after buying an additional 39 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Compass Point increased their target price on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods raised their target price on shares of American Express from $325.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Truist Financial initiated coverage on shares of American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. Finally, Hsbc Global Res downgraded shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $278.09.

American Express Price Performance

Shares of AXP opened at $322.48 on Thursday. American Express has a one year low of $184.81 and a one year high of $322.82. The stock’s fifty day moving average is $300.24 and its 200-day moving average is $273.36. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $227.17 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.47 and a beta of 1.23.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio is currently 20.60%.

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.