Sage Mountain Advisors LLC Has $494,000 Stock Position in American Express (NYSE:AXP)

Sage Mountain Advisors LLC trimmed its position in American Express (NYSE:AXP) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,637 shares of the payment services company’s stock after selling 148 shares during the quarter. Sage Mountain Advisors LLC’s holdings in American Express were worth $494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new position in shares of American Express in the fourth quarter worth about $28,000. Tennessee Valley Asset Management Partners acquired a new position in shares of American Express in the fourth quarter worth about $28,000. BluePath Capital Management LLC acquired a new position in shares of American Express in the third quarter worth about $29,000. Pacifica Partners Inc. acquired a new position in shares of American Express in the fourth quarter worth about $29,000. Finally, Baldwin Brothers LLC MA boosted its holdings in shares of American Express by 134.8% in the fourth quarter. Baldwin Brothers LLC MA now owns 155 shares of the payment services company’s stock worth $29,000 after buying an additional 89 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Laureen Seeger sold 84,420 shares of American Express stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $212.98, for a total value of $17,979,771.60. Following the transaction, the insider now owns 57,512 shares of the company’s stock, valued at $12,248,905.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Laureen Seeger sold 84,420 shares of American Express stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $212.98, for a total value of $17,979,771.60. Following the transaction, the insider now owns 57,512 shares of the company’s stock, valued at $12,248,905.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephen J. Squeri sold 69,356 shares of American Express stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the completion of the transaction, the chief executive officer now directly owns 122,158 shares in the company, valued at approximately $26,022,097.16. The disclosure for this sale can be found here. Insiders have sold a total of 172,047 shares of company stock valued at $36,528,388 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. DZ Bank cut shares of American Express from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. BMO Capital Markets raised their price target on shares of American Express from $167.00 to $175.00 and gave the stock an “underperform” rating in a report on Monday. TD Cowen raised their price target on shares of American Express from $221.00 to $225.00 and gave the stock a “hold” rating in a report on Monday. UBS Group raised their price target on shares of American Express from $188.00 to $206.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, Evercore ISI raised their price target on shares of American Express from $229.00 to $243.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, American Express presently has an average rating of “Hold” and an average price target of $208.24.

American Express Trading Up 0.8 %

NYSE:AXP opened at $232.88 on Tuesday. American Express has a 12 month low of $140.91 and a 12 month high of $235.37. The firm has a market cap of $168.57 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 1.32 and a beta of 1.23. The company has a quick ratio of 1.63, a current ratio of 1.73 and a debt-to-equity ratio of 1.69. The company’s 50 day moving average is $220.47 and its 200-day moving average is $189.56.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.36. American Express had a net margin of 14.50% and a return on equity of 32.39%. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. During the same quarter last year, the firm posted $2.40 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts anticipate that American Express will post 12.92 EPS for the current year.

American Express Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s dividend payout ratio is 23.06%.

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.