Bank Julius Baer & Co. Ltd Zurich Trims Holdings in American Express (NYSE:AXP)

Bank Julius Baer & Co. Ltd Zurich trimmed its position in American Express (NYSE:AXP) by 33.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,252 shares of the payment services company’s stock after selling 4,092 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in American Express were worth $1,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in American Express by 5,063.5% in the second quarter. Renaissance Technologies LLC now owns 2,690,194 shares of the payment services company’s stock valued at $372,915,000 after buying an additional 2,638,094 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of American Express by 16.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,807,168 shares of the payment services company’s stock worth $666,377,000 after buying an additional 675,971 shares in the last quarter. Barclays PLC lifted its holdings in shares of American Express by 42.5% during the third quarter. Barclays PLC now owns 2,110,826 shares of the payment services company’s stock worth $284,769,000 after buying an additional 629,960 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of American Express by 1,603.7% during the second quarter. Cubist Systematic Strategies LLC now owns 456,785 shares of the payment services company’s stock valued at $63,320,000 after purchasing an additional 429,974 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of American Express by 70.6% during the first quarter. Prudential Financial Inc. now owns 935,475 shares of the payment services company’s stock valued at $174,934,000 after purchasing an additional 387,115 shares during the period. 83.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American Express news, Vice Chairman Douglas E. Buckminster sold 16,354 shares of the stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $154.23, for a total transaction of $2,522,277.42. Following the sale, the insider now owns 99,024 shares in the company, valued at $15,272,471.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other American Express news, Director Walter Joseph Clayton III acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average price of $149.27 per share, for a total transaction of $149,270.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $149,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Douglas E. Buckminster sold 16,354 shares of the stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $154.23, for a total value of $2,522,277.42. Following the completion of the sale, the insider now owns 99,024 shares in the company, valued at approximately $15,272,471.52. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

American Express Price Performance

American Express stock opened at $155.33 on Wednesday. American Express has a 12 month low of $130.65 and a 12 month high of $199.55. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.77. The business’s 50 day simple moving average is $151.61 and its 200 day simple moving average is $150.34. The company has a market cap of $116.07 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.20 and a beta of 1.14.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Friday, January 6th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $2.08 annualized dividend and a dividend yield of 1.34%. American Express’s dividend payout ratio is currently 20.90%.

Analyst Ratings Changes

A number of equities analysts have commented on AXP shares. JPMorgan Chase & Co. reduced their price objective on American Express from $170.00 to $166.00 in a research note on Tuesday, January 10th. Piper Sandler reissued a “neutral” rating and issued a $159.00 price objective on shares of American Express in a research note on Tuesday, December 13th. Stephens lowered American Express from an “equal weight” rating to an “underweight” rating and set a $134.00 price target on the stock. in a research note on Thursday, January 5th. Atlantic Securities cut their price target on American Express from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 12th. Finally, Barclays increased their target price on American Express from $145.00 to $158.00 in a research note on Friday, January 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $170.74.

American Express Company Profile

(Get Rating)

American Express Co engages in the provision of charge and credit card products and travel-related services. It operates through the following segments: U.S Consumer Services (USCS), Commercial Services (CS), International Card Services (ICS), Global Merchant and Network Services (GMNS), and Corporate and Other.

Recommended Stories

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXPGet Rating).

Institutional Ownership by Quarter for American Express (NYSE:AXP)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.