American Express (NYSE:AXP) Shares Sold by TrueWealth Advisors LLC

TrueWealth Advisors LLC decreased its position in shares of American Express (NYSE:AXP - Free Report) by 57.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 815 shares of the payment services company's stock after selling 1,097 shares during the quarter. TrueWealth Advisors LLC's holdings in American Express were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC increased its position in shares of American Express by 156.2% during the second quarter. Intech Investment Management LLC now owns 52,957 shares of the payment services company's stock valued at $12,262,000 after acquiring an additional 32,287 shares during the last quarter. Brighton Jones LLC raised its position in American Express by 5.9% in the second quarter. Brighton Jones LLC now owns 5,301 shares of the payment services company's stock valued at $1,228,000 after purchasing an additional 297 shares during the period. Ieq Capital LLC lifted its stake in American Express by 13.3% during the second quarter. Ieq Capital LLC now owns 27,929 shares of the payment services company's stock worth $6,467,000 after purchasing an additional 3,273 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of American Express by 0.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 26,607 shares of the payment services company's stock worth $6,161,000 after buying an additional 145 shares during the period. Finally, Bridges Investment Management Inc. grew its stake in shares of American Express by 217.0% in the second quarter. Bridges Investment Management Inc. now owns 3,804 shares of the payment services company's stock valued at $881,000 after buying an additional 2,604 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on AXP. Evercore ISI raised their target price on American Express from $275.00 to $290.00 and gave the company an "in-line" rating in a report on Monday, October 7th. Compass Point lifted their price objective on American Express from $315.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of American Express from a "hold" rating to a "buy" rating in a research note on Saturday, January 11th. BTIG Research cut shares of American Express from a "neutral" rating to a "sell" rating and set a $230.00 price target for the company. in a report on Tuesday, October 8th. Finally, Morgan Stanley raised their price objective on shares of American Express from $252.00 to $305.00 and gave the company an "equal weight" rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, American Express currently has a consensus rating of "Hold" and a consensus target price of $278.09.

Insider Buying and Selling at American Express

In other American Express news, insider Anre D. Williams sold 77,887 shares of the company's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the transaction, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. This represents a 41.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were 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 directly owns 6,433 shares of the company's stock, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,998 shares of company stock valued at $26,423,439. 0.11% of the stock is owned by company insiders.

American Express Stock Performance

NYSE AXP traded up $1.27 during trading on Friday, reaching $312.75. The company's stock had a trading volume of 2,180,554 shares, compared to its average volume of 2,022,091. The business's fifty day moving average price is $299.26 and its 200-day moving average price is $271.98. American Express has a twelve month low of $177.81 and a twelve month high of $315.40. 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 firm has a market cap of $220.32 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 1.38 and a beta of 1.23.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $16.68 billion. During the same period in the prior year, the business earned $3.30 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that American Express will post 13.48 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, January 3rd. American Express's dividend payout ratio is presently 20.60%.

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.