American Express (NYSE:AXP) Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lowered its stake in shares of American Express (NYSE:AXP) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,481 shares of the payment services company’s stock after selling 182 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in American Express were worth $1,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalina Capital Group LLC raised its stake in shares of American Express by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after purchasing an additional 34 shares in the last quarter. Auxier Asset Management increased its holdings in American Express by 0.5% in the third 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 last quarter. Abel Hall LLC raised its stake in American Express by 3.6% during the third 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 in the last quarter. Sunflower Bank N.A. lifted its holdings in 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 worth $1,203,000 after buying an additional 35 shares during the last quarter. Finally, Foster & Motley Inc. grew its position in shares of American Express by 2.1% in the 4th quarter. Foster & Motley Inc. now owns 1,716 shares of the payment services company’s stock worth $509,000 after acquiring an additional 35 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AXP shares. HSBC raised their price objective on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. TD Cowen lifted their price target on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods increased their price objective on shares of American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. William Blair restated an “outperform” rating on shares of American Express in a research note on Monday, January 27th. Finally, UBS Group increased their price target on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $296.38.

Insider Activity

In other news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction 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 sale, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction on 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 completion of the transaction, the insider now 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. In the last quarter, insiders sold 30,664 shares of company stock worth $9,613,503. Corporate insiders own 0.11% of the company’s stock.

American Express Trading Down 0.1 %

American Express stock opened at $320.18 on Friday. American Express has a 12-month low of $205.60 and a 12-month high of $326.27. The stock has a market capitalization of $225.55 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The firm has a 50 day simple moving average of $305.73 and a 200-day simple moving average of $279.01. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.67 and a quick ratio of 1.63.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that American Express will post 15.3 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s payout ratio is 19.99%.

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.