Douglass Winthrop Advisors LLC Decreases Stock Holdings in American Express (NYSE:AXP)

Douglass Winthrop Advisors LLC lessened its stake in shares of American Express (NYSE:AXP - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 136,176 shares of the payment services company's stock after selling 2,600 shares during the period. Douglass Winthrop Advisors LLC's holdings in American Express were worth $40,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Holderness Investments Co. raised its stake in American Express by 0.5% in the 4th quarter. Holderness Investments Co. now owns 7,750 shares of the payment services company's stock valued at $2,300,000 after purchasing an additional 40 shares during the last quarter. HUB Investment Partners LLC boosted its position in American Express by 8.0% during the fourth quarter. HUB Investment Partners LLC now owns 2,500 shares of the payment services company's stock worth $742,000 after acquiring an additional 185 shares during the last quarter. BluePointe Capital Management LLC purchased a new stake in American Express during the 4th quarter valued at about $245,000. Teacher Retirement System of Texas raised its holdings in American Express by 19.8% in the 4th quarter. Teacher Retirement System of Texas now owns 328,870 shares of the payment services company's stock valued at $97,605,000 after acquiring an additional 54,348 shares during the last quarter. Finally, Investment House LLC lifted its stake in American Express by 0.8% in the 4th quarter. Investment House LLC now owns 99,605 shares of the payment services company's stock worth $29,562,000 after purchasing an additional 818 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at American Express

In other American Express news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the sale, the insider now owns 23,866 shares of the company's stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Angelakis acquired 3,700 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $269.89 per share, with a total value of $998,593.00. Following the completion of the transaction, the director now owns 3,700 shares of the company's stock, valued at approximately $998,593. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.12% of the company's stock.

American Express Trading Up 0.5 %

NYSE:AXP traded up $1.37 during trading hours on Tuesday, reaching $279.23. 2,767,483 shares of the stock were exchanged, compared to its average volume of 2,626,006. American Express has a twelve month low of $214.51 and a twelve month high of $326.28. The business has a 50-day moving average of $297.92 and a two-hundred day moving average of $288.99. The company has a market capitalization of $196.17 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.41 and a beta of 1.21. 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 posted its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts predict that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be paid a $0.82 dividend. This is a positive change from American Express's previous quarterly dividend of $0.70. The ex-dividend date is Friday, April 4th. This represents a $3.28 annualized dividend and a dividend yield of 1.17%. American Express's dividend payout ratio (DPR) is presently 23.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Evercore ISI upped their price target on American Express from $315.00 to $344.00 and gave the company an "in-line" rating in a research report on Monday, January 27th. Citigroup dropped their target price on American Express from $320.00 to $300.00 and set a "neutral" rating for the company in a report on Monday. Baird R W upgraded American Express from a "strong sell" rating to a "hold" rating in a report on Friday, March 14th. Monness Crespi & Hardt upped their price objective on shares of American Express from $330.00 to $355.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Truist Financial started 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. Two equities 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $302.57.

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.