Kintegral Advisory LLC Has $12.41 Million Stock Holdings in American Express (NYSE:AXP)

Kintegral Advisory LLC cut its holdings in American Express (NYSE:AXP) by 4.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 41,798 shares of the payment services company’s stock after selling 1,947 shares during the quarter. American Express makes up about 1.2% of Kintegral Advisory LLC’s investment portfolio, making the stock its 12th largest position. Kintegral Advisory LLC’s holdings in American Express were worth $12,405,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC boosted its position in American Express by 1.6% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock worth $636,000 after acquiring an additional 33 shares during the last quarter. Catalina Capital Group LLC boosted its position in American Express by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock worth $996,000 after acquiring an additional 34 shares during the last quarter. Boston Financial Mangement LLC boosted its position in American Express by 0.9% during the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock worth $1,189,000 after acquiring an additional 34 shares during the last quarter. Auxier Asset Management boosted its position in American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after acquiring an additional 35 shares during the last quarter. Finally, Abel Hall LLC boosted its position in American Express by 3.6% during the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after acquiring an additional 35 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AXP. Wells Fargo & Company upped their price target on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Compass Point cut their price objective on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Royal Bank of Canada increased their price objective on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Evercore ISI increased their price objective on American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price objective on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $296.38.

American Express Stock Down 2.8 %

AXP stock opened at $295.23 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The stock has a market capitalization of $207.41 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.48 and a beta of 1.24. The business’s fifty day moving average price is $307.54 and its two-hundred day moving average price is $284.27. American Express has a fifty-two week low of $212.48 and a fifty-two week high of $326.27.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, equities analysts anticipate that American Express will post 15.32 earnings per share for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, January 3rd. American Express’s payout ratio is currently 19.99%.

Insider Buying and Selling

In related news, CFO Caillec Christophe Le sold 6,000 shares of the firm’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 sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now directly owns 13,500 shares in the company, valued at $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,664 shares of company stock worth $9,613,503. Company insiders own 0.12% of the company’s stock.

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.