American Express (NYSE:AXP) Shares Sold by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC lowered its holdings in American Express (NYSE:AXP) by 39.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,580 shares of the payment services company’s stock after selling 1,009 shares during the period. Revolve Wealth Partners LLC’s holdings in American Express were worth $469,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of American Express by 0.8% in the third 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 grew its holdings in American Express by 8.5% during the 3rd 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 increased its position in shares of American Express by 5.5% in the 3rd 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 purchasing an additional 239,173 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of American Express by 0.8% in the 3rd 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 purchasing an additional 33,193 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position 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 worth $655,137,000 after purchasing an additional 247,864 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction on 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 owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. Citigroup upped their price target on American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Barclays lifted their price target on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, HSBC raised their target price on shares of American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $291.50.

American Express Stock Down 1.6 %

AXP stock opened at $316.23 on Tuesday. The firm’s 50-day moving average is $302.35 and its two-hundred day moving average is $275.17. The company has a market capitalization of $222.77 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. American Express has a 52 week low of $199.07 and a 52 week high of $326.27. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. On average, analysts forecast that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Announces Dividend

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 issued a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.89%. American Express’s dividend payout ratio (DPR) is 20.60%.

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.