Mill Capital Management LLC Has $37.51 Million Holdings in American Express (NYSE:AXP)

Mill Capital Management LLC trimmed its position in shares of American Express (NYSE:AXP - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,390 shares of the payment services company's stock after selling 1,592 shares during the quarter. American Express accounts for 3.0% of Mill Capital Management LLC's investment portfolio, making the stock its 10th largest holding. Mill Capital Management LLC's holdings in American Express were worth $37,511,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AXP. True Wealth Design LLC raised its stake in shares of American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company's stock worth $29,000 after purchasing an additional 83 shares during the last quarter. Curio Wealth LLC purchased a new stake in American Express in the 4th quarter valued at $37,000. Itau Unibanco Holding S.A. bought a new position in American Express during the 3rd quarter valued at $38,000. Financial Life Planners purchased a new position in American Express during the 4th quarter worth $38,000. Finally, Sierra Ocean LLC bought a new stake in shares of American Express in the 4th quarter worth $40,000. 84.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 13,500 shares in the company, valued at $4,308,795. This represents a 41.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Angelakis purchased 3,700 shares of the company's stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $269.89 per share, with a total value of $998,593.00. Following the transaction, the director now owns 3,700 shares in the company, valued at approximately $998,593. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

A number of research firms recently weighed in on AXP. William Blair reissued an "outperform" rating on shares of American Express in a research report on Monday, January 27th. Keefe, Bruyette & Woods lifted their target price on shares of American Express from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. UBS Group upped their target price on American Express from $283.00 to $320.00 and gave the company a "neutral" rating in a report on Monday, January 13th. The Goldman Sachs Group decreased their price target on American Express from $367.00 to $330.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Finally, Compass Point cut their price objective on American Express from $325.00 to $309.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $302.57.

American Express Stock Performance

AXP stock traded down $3.44 during midday trading on Thursday, reaching $272.56. 998,811 shares of the company's stock traded hands, compared to its average volume of 2,623,355. American Express has a 52 week low of $214.51 and a 52 week high of $326.28. The company has a 50-day moving average price of $296.76 and a two-hundred day moving average price of $289.15. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market capitalization of $191.48 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (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, equities analysts anticipate that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

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

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.