Insight Inv LLC Has $3.57 Million Holdings in American Express (NYSE:AXP)

Insight Inv LLC lifted its position in shares of American Express (NYSE:AXP) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,017 shares of the payment services company’s stock after purchasing an additional 36 shares during the quarter. American Express comprises 2.5% of Insight Inv LLC’s investment portfolio, making the stock its 6th biggest holding. Insight Inv LLC’s holdings in American Express were worth $3,567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of American Express by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock worth $3,104,735,000 after buying an additional 86,100 shares during the last quarter. FMR LLC boosted its holdings in American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after acquiring an additional 866,110 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in American Express by 5.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock worth $1,249,415,000 after acquiring an additional 239,173 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of American Express by 0.8% during the third quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock valued at $1,074,168,000 after acquiring an additional 33,193 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of American Express by 12.7% during the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock valued at $655,137,000 after acquiring an additional 247,864 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Price Performance

Shares of American Express stock opened at $320.87 on Friday. The stock has a market cap of $226.04 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.51 and a beta of 1.23. 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 stock’s fifty day moving average is $302.35 and its 200 day moving average is $274.66. American Express has a one year low of $186.43 and a one year high of $326.27.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. Sell-side analysts anticipate that American Express will post 13.4 earnings per share for the current year.

American Express Dividend Announcement

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

Insider Activity at American Express

In other news, 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 value of $1,820,880.00. Following the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the 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 represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BTIG Research increased their price objective on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research report on Friday. Truist Financial started coverage on shares of American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. Compass Point boosted their price objective on shares of American Express from $315.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Evercore ISI lifted their target price on American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a report on Monday, October 7th. Finally, Morgan Stanley boosted their price target on American Express from $252.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, American Express currently has an average rating of “Hold” and an average target price of $281.00.

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.