American Express (NYSE:AXP) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors cut its position in shares of American Express (NYSE:AXP - Free Report) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,279 shares of the payment services company's stock after selling 1,013 shares during the quarter. Arkadios Wealth Advisors' holdings in American Express were worth $1,863,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in American Express by 0.8% during the 3rd 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 period. FMR LLC lifted its position in American Express by 8.5% during the 3rd 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 grew its stake in shares of 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 worth $1,249,415,000 after buying an additional 239,173 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of American Express by 0.8% during the third quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company's stock valued at $1,074,168,000 after acquiring an additional 33,193 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of American Express by 12.7% in the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company's stock worth $655,137,000 after buying an additional 247,864 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AXP has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of American Express from $250.00 to $257.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Compass Point lifted their price target on shares of American Express from $315.00 to $325.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Truist Financial assumed coverage on shares of American Express in a research report on Tuesday, January 7th. They set a "buy" rating and a $350.00 price objective for the company. Wells Fargo & Company lifted their target price on American Express from $300.00 to $340.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Finally, Monness Crespi & Hardt upped their price target on American Express from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $278.09.

American Express Stock Performance

AXP traded up $1.27 during trading on Friday, hitting $312.75. The stock had a trading volume of 2,180,554 shares, compared to its average volume of 2,022,091. American Express has a twelve month low of $177.81 and a twelve month high of $315.40. The firm has a market capitalization of $220.32 billion, a P/E ratio of 23.01, a PEG ratio of 1.38 and a beta of 1.23. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The company's 50-day moving average price is $299.26 and its 200 day moving average price is $271.98.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The firm had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same period in the previous year, the business earned $3.30 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that American Express will post 13.48 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, January 3rd. American Express's dividend payout ratio (DPR) is 20.60%.

Insider Buying and Selling at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anre D. Williams sold 77,887 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 111,656 shares in the company, 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. Over the last 90 days, insiders have sold 96,998 shares of company stock valued at $26,423,439. Insiders own 0.11% 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.