American Express (NYSE:AXP) Stock Position Decreased by Salvus Wealth Management LLC

Salvus Wealth Management LLC trimmed its stake in American Express (NYSE:AXP) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,662 shares of the payment services company’s stock after selling 163 shares during the quarter. American Express accounts for 3.9% of Salvus Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Salvus Wealth Management LLC’s holdings in American Express were worth $6,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in American Express by 26,783.5% in the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after purchasing an additional 906,353 shares during the last quarter. FMR LLC increased its position in American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after acquiring an additional 866,110 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in American Express by 924.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock worth $197,149,000 after purchasing an additional 768,301 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of American Express by 59,816.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after purchasing an additional 681,304 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in American Express by 71.9% during the second quarter. Canada Pension Plan Investment Board now owns 1,164,098 shares of the payment services company’s stock valued at $269,547,000 after buying an additional 486,755 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AXP has been the subject of several analyst reports. TD Cowen upped their price objective on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods increased their target price on shares of American Express from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Evercore ISI raised their target price on shares of American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a research note on Monday, October 7th. The Goldman Sachs Group increased their price objective on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, HSBC downgraded shares of American Express from a “buy” rating to a “hold” rating and upped their target price for the stock from $265.00 to $270.00 in a report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus target price of $278.09.

American Express Stock Performance

Shares of AXP stock opened at $311.69 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a market cap of $219.57 billion, a PE ratio of 22.94, a PEG ratio of 1.38 and a beta of 1.23. American Express has a 12-month low of $177.81 and a 12-month high of $314.00. The business’s fifty day simple moving average is $298.26 and its 200-day simple moving average is $270.90.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The company had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. During the same period last year, the business posted $3.30 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that American Express will post 13.48 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a $0.70 dividend. 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 payout ratio is currently 20.60%.

Insider Buying and Selling

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’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 value of $3,552,818.78. Following the completion of the sale, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. This represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,998 shares of company stock worth $26,423,439 in the last three months. Corporate insiders own 0.11% of the company’s stock.

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.