American Express (NYSE:AXP) Shares Sold by AMG National Trust Bank

AMG National Trust Bank reduced its stake in shares of American Express (NYSE:AXP - Free Report) by 23.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,623 shares of the payment services company's stock after selling 7,684 shares during the period. AMG National Trust Bank's holdings in American Express were worth $6,948,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AXP. Kennebec Savings Bank acquired a new position in American Express in the 3rd quarter valued at $29,000. DHJJ Financial Advisors Ltd. raised its holdings in American Express by 42.2% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company's stock valued at $38,000 after acquiring an additional 49 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of American Express during the 3rd quarter valued at $46,000. Capital Performance Advisors LLP purchased a new stake in shares of American Express during the 3rd quarter valued at $48,000. Finally, POM Investment Strategies LLC purchased a new stake in shares of American Express during the 2nd quarter valued at $42,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. This represents a 10.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anre D. Williams sold 77,887 shares of the company's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now owns 111,656 shares of the company's stock, valued at approximately $30,176,150.56. This trade represents a 41.09 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

American Express Stock Down 0.5 %

Shares of American Express stock traded down $1.33 during trading on Monday, reaching $285.54. The company had a trading volume of 2,074,429 shares, compared to its average volume of 2,903,232. The company has a market cap of $201.15 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21. The firm's fifty day moving average is $273.01 and its 200-day moving average is $251.72. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a fifty-two week low of $161.73 and a fifty-two week high of $296.83.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.22. The firm had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. American Express's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.30 earnings per share. On average, analysts anticipate that American Express will post 13.47 EPS for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 0.98%. American Express's dividend payout ratio (DPR) is 20.60%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of American Express from $248.00 to $252.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. TD Cowen boosted their price objective on shares of American Express from $260.00 to $268.00 and gave the company a "hold" rating in a research note on Monday, October 21st. HSBC cut shares of American Express from a "buy" rating to a "hold" rating and boosted their price objective for the company from $265.00 to $270.00 in a research note on Tuesday, October 8th. JPMorgan Chase & Co. cut shares of American Express from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $268.00 to $286.00 in a research note on Monday, October 7th. Finally, Barclays upped their price target on shares of American Express from $250.00 to $257.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Four research 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 stock currently has a consensus rating of "Hold" and an average target price of $253.09.

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.