Alberta Investment Management Corp Has $54.91 Million Stock Position in American Express (NYSE:AXP)

Alberta Investment Management Corp reduced its stake in shares of American Express (NYSE:AXP - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,000 shares of the payment services company's stock after selling 12,800 shares during the quarter. Alberta Investment Management Corp's holdings in American Express were worth $54,906,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of American Express by 0.8% during the third quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company's stock valued at $3,104,735,000 after buying an additional 86,100 shares during the last quarter. FMR LLC increased its stake in American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company's stock valued at $2,984,208,000 after acquiring an additional 866,110 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 valued at $1,249,415,000 after acquiring an additional 239,173 shares in the last quarter. Janus Henderson Group PLC lifted its position 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 worth $1,074,168,000 after acquiring an additional 33,193 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of American Express by 12.7% during the 4th 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 in the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on AXP shares. William Blair reaffirmed an "outperform" rating on shares of American Express in a research report on Monday, January 27th. Morgan Stanley raised their price objective on shares of American Express from $305.00 to $310.00 and gave the stock an "equal weight" rating in a report on Monday, January 27th. Royal Bank of Canada upped their target price on shares of American Express from $330.00 to $350.00 and gave the company an "outperform" rating in a research note on Monday, January 27th. Truist Financial initiated coverage on shares of American Express in a research note on Tuesday, January 7th. They set a "buy" rating and a $350.00 price target for the company. Finally, HSBC upped their price objective on American Express from $270.00 to $294.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Three 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $296.38.

American Express Trading Down 2.8 %

AXP stock traded down $8.63 during midday trading on Friday, reaching $295.23. The company's stock had a trading volume of 3,259,226 shares, compared to its average volume of 2,444,909. The business's 50-day simple moving average is $307.68 and its 200-day simple moving average is $283.79. The stock has a market cap of $207.41 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. American Express has a 52 week low of $212.48 and a 52 week high of $326.27. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data 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%. As a group, sell-side analysts expect that American Express will post 15.32 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, January 3rd. American Express's payout ratio is 19.99%.

Insider Activity at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now owns 6,433 shares of the company's stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the sale, the insider now directly owns 13,500 shares in the company, valued at $4,308,795. The trade was a 41.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,664 shares of company stock worth $9,613,503. 0.12% of the stock is currently owned by company insiders.

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.