Baron Silver Stevens Financial Advisors LLC Increases Holdings in American Express (NYSE:AXP)

Baron Silver Stevens Financial Advisors LLC increased its stake in American Express (NYSE:AXP) by 17.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,374 shares of the payment services company’s stock after buying an additional 200 shares during the quarter. Baron Silver Stevens Financial Advisors LLC’s holdings in American Express were worth $408,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AXP. Marshall Wace LLP lifted its position in shares of American Express by 105.4% during the 2nd quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock valued at $232,000 after buying an additional 19,400 shares during the last quarter. Mill Creek Capital Advisors LLC bought a new stake in American Express in the 2nd quarter valued at about $219,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in American Express by 58.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 110,339 shares of the payment services company’s stock valued at $25,549,000 after purchasing an additional 40,499 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in American Express by 327.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,961 shares of the payment services company’s stock worth $5,548,000 after purchasing an additional 18,351 shares during the period. Finally, Trinity Legacy Partners LLC increased its stake in shares of American Express by 0.7% in the second quarter. Trinity Legacy Partners LLC now owns 21,839 shares of the payment services company’s stock worth $5,057,000 after purchasing an additional 159 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’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 transaction of $3,552,818.78. Following the transaction, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

American Express Price Performance

Shares of American Express stock opened at $322.48 on Thursday. The firm has a market capitalization of $227.17 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.49 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 12 month low of $184.81 and a 12 month high of $322.82. The business’s 50-day moving average price is $300.94 and its 200-day moving average price is $273.70.

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 paid a dividend of $0.70 per share. 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 dividend payout ratio (DPR) is presently 20.60%.

Analyst Ratings Changes

Several research firms recently commented on AXP. 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 report on Monday, January 13th. Barclays raised their price target on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. TD Cowen increased their price objective on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Finally, Truist Financial began coverage on shares of American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $278.09.

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.