Dynamic Advisor Solutions LLC Sells 955 Shares of American Express (NYSE:AXP)

Dynamic Advisor Solutions LLC lowered its stake in American Express (NYSE:AXP - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,623 shares of the payment services company's stock after selling 955 shares during the period. Dynamic Advisor Solutions LLC's holdings in American Express were worth $4,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Auxier Asset Management lifted its holdings in shares of American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company's stock valued at $1,934,000 after buying an additional 35 shares during the period. Abel Hall LLC lifted its holdings in shares of American Express by 3.6% during the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company's stock valued at $274,000 after buying an additional 35 shares during the period. Sunflower Bank N.A. lifted its holdings in shares of American Express by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company's stock valued at $1,203,000 after buying an additional 35 shares during the period. Sovereign Financial Group Inc. lifted its holdings in shares of American Express by 2.7% during the 3rd quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company's stock valued at $398,000 after buying an additional 38 shares during the period. Finally, Lmcg Investments LLC lifted its holdings in shares of American Express by 2.0% during the 4th quarter. Lmcg Investments LLC now owns 1,988 shares of the payment services company's stock valued at $590,000 after buying an additional 39 shares during the period. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the transaction, the chief financial officer now owns 6,433 shares of the company's stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the transaction, the insider now directly owns 109,691 shares of the company's stock, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AXP shares. StockNews.com upgraded American Express from a "hold" rating to a "buy" rating in a research note on Saturday, January 11th. Compass Point lifted their price target on American Express from $315.00 to $325.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. HSBC raised their price objective on shares of American Express from $270.00 to $294.00 and gave the stock a "hold" rating in a research note on Friday. UBS Group raised their price objective on shares of American Express from $283.00 to $320.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Finally, Hsbc Global Res downgraded shares of American Express from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $281.00.

American Express Price Performance

NYSE AXP traded down $5.00 on Friday, hitting $320.87. 6,256,039 shares of the company were exchanged, compared to its average volume of 1,894,205. The firm has a 50 day moving average of $302.35 and a two-hundred day moving average of $274.66. The company has a market cap of $226.04 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.51 and a beta of 1.23. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 1-year low of $186.43 and a 1-year high of $326.27.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. On average, equities analysts predict that American Express will post 13.4 EPS for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.87%. American Express's payout ratio is 20.60%.

About American Express

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.