Choreo LLC Raises Stock Position in American Express (NYSE:AXP)

Choreo LLC grew its position in American Express (NYSE:AXP) by 29.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,305 shares of the payment services company's stock after buying an additional 5,270 shares during the period. Choreo LLC's holdings in American Express were worth $6,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Prospera Private Wealth LLC purchased a new stake in American Express in the third quarter valued at $27,000. Kennebec Savings Bank acquired a new stake in shares of American Express during the 3rd quarter worth about $29,000. True Wealth Design LLC raised its holdings in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company's stock valued at $29,000 after buying an additional 83 shares during the period. Itau Unibanco Holding S.A. acquired a new position in American Express in the third quarter valued at about $38,000. Finally, Financial Life Planners purchased a new position in American Express during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 84.33% of the company's stock.

Insider Activity at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares of the company's stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the transaction, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company's stock.

American Express Stock Performance

NYSE:AXP opened at $320.26 on Thursday. The firm has a market capitalization of $225.61 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.67 and a quick ratio of 1.63. The business's fifty day moving average price is $305.41 and its 200 day moving average price is $278.72. American Express has a 12 month low of $204.00 and a 12 month high of $326.27.

American Express (NYSE:AXP - Get Free Report) 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%. On average, sell-side analysts anticipate that American Express will post 15.3 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, January 3rd. American Express's payout ratio is 19.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AXP shares. Truist Financial started coverage on shares of American Express in a report on Tuesday, January 7th. They issued a "buy" rating and a $350.00 price objective on the stock. Evercore ISI raised their price target on American Express from $315.00 to $344.00 and gave the stock an "in-line" rating in a research report on Monday, January 27th. TD Cowen boosted their price objective on American Express from $260.00 to $268.00 and gave the company a "hold" rating in a report on Monday, October 21st. HSBC lifted their target price on American Express from $270.00 to $294.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Finally, Barclays raised their price objective on shares of American Express from $250.00 to $257.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $296.38.

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.

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