M. Kulyk & Associates LLC Sells 3,661 Shares of American Express (NYSE:AXP)

M. Kulyk & Associates LLC lessened its position in shares of American Express (NYSE:AXP) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,465 shares of the payment services company’s stock after selling 3,661 shares during the quarter. American Express makes up about 2.7% of M. Kulyk & Associates LLC’s investment portfolio, making the stock its 10th largest position. M. Kulyk & Associates LLC’s holdings in American Express were worth $12,306,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new stake in American Express in the 4th quarter valued at $832,000. World Investment Advisors LLC boosted its stake in American Express by 430.6% in the 3rd quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock valued at $1,292,000 after buying an additional 3,867 shares in the last quarter. Keybank National Association OH boosted its stake in American Express by 3.7% in the 4th quarter. Keybank National Association OH now owns 349,937 shares of the payment services company’s stock valued at $103,858,000 after buying an additional 12,364 shares in the last quarter. XML Financial LLC boosted its stake in American Express by 9.8% in the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after buying an additional 101 shares in the last quarter. Finally, LVM Capital Management Ltd. MI boosted its stake in American Express by 3.1% in the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after buying an additional 2,557 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the transaction, the insider now directly owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’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 transaction, the insider now directly owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

American Express Trading Down 0.9 %

NYSE AXP opened at $273.13 on Friday. The stock has a 50-day simple moving average of $305.44 and a 200 day simple moving average of $287.87. The company has a market capitalization of $191.88 billion, a PE ratio of 19.50, a P/E/G ratio of 1.41 and a beta of 1.21. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. American Express has a 12 month low of $214.51 and a 12 month high of $326.27.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating 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%. Research analysts forecast that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, April 4th. This is an increase from American Express’s previous quarterly dividend of $0.70. American Express’s dividend payout ratio is currently 23.41%.

Analyst Ratings Changes

Several analysts recently commented on AXP shares. Monness Crespi & Hardt boosted their price target on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Truist Financial started coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. Wells Fargo & Company boosted their price target on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Compass Point reduced their price objective on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, StockNews.com lowered American Express from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $296.38.

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.