Toth Financial Advisory Corp Sells 89 Shares of American Express (NYSE:AXP)

Toth Financial Advisory Corp trimmed its position in American Express (NYSE:AXP) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,873 shares of the payment services company’s stock after selling 89 shares during the period. Toth Financial Advisory Corp’s holdings in American Express were worth $556,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new position in American Express in the 3rd quarter worth about $27,000. Kennebec Savings Bank purchased a new position in shares of American Express during the third quarter worth about $29,000. True Wealth Design LLC increased its position in shares of American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after purchasing an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in American Express in the third quarter valued at approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in American Express in the 3rd quarter worth approximately $46,000. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 in the company, 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. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AXP shares. Keefe, Bruyette & Woods raised their price objective on shares of American Express from $325.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Truist Financial assumed coverage on American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target for the company. JPMorgan Chase & Co. increased their price objective on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. UBS Group boosted their target price on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Finally, Barclays increased their price target on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $281.00.

American Express Stock Down 1.5 %

Shares of NYSE AXP opened at $320.87 on Friday. The firm has a fifty day simple moving average of $302.35 and a two-hundred day simple moving average of $274.66. The firm has a market capitalization of $226.04 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.51 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 $186.43 and a 12 month high of $326.27.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. Equities analysts expect that American Express will post 13.4 earnings per share for the current year.

American Express Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.87%. American Express’s dividend payout ratio (DPR) is 20.60%.

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.