American Express (NYSE:AXP) is Headinvest LLC's 10th Largest Position

Headinvest LLC decreased its stake in shares of American Express (NYSE:AXP - Free Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,416 shares of the payment services company's stock after selling 1,441 shares during the period. American Express accounts for 1.9% of Headinvest LLC's investment portfolio, making the stock its 10th biggest position. Headinvest LLC's holdings in American Express were worth $10,214,000 as of its most recent filing with the SEC.

• Buffett's Top 5 Stock Holdings Ahead of Next 13F Filing

Several other hedge funds also recently bought and sold shares of AXP. Capital & Planning LLC purchased a new stake in shares of American Express in the fourth quarter valued at $213,000. Pure Financial Advisors LLC grew its position in shares of American Express by 22.1% in the fourth quarter. Pure Financial Advisors LLC now owns 2,060 shares of the payment services company's stock valued at $611,000 after purchasing an additional 373 shares during the period. Lmcg Investments LLC grew its position in shares of American Express by 2.0% in the fourth quarter. Lmcg Investments LLC now owns 1,988 shares of the payment services company's stock valued at $590,000 after purchasing an additional 39 shares during the period. Clear Harbor Asset Management LLC grew its position in shares of American Express by 10.1% in the fourth quarter. Clear Harbor Asset Management LLC now owns 2,202 shares of the payment services company's stock valued at $654,000 after purchasing an additional 202 shares during the period. Finally, Atomi Financial Group Inc. grew its position in shares of American Express by 18.4% in the fourth quarter. Atomi Financial Group Inc. now owns 5,435 shares of the payment services company's stock valued at $1,613,000 after purchasing an additional 846 shares during the period. Hedge funds and other institutional investors own 84.33% of the company's stock.

American Express Stock Down 3.5%

Shares of American Express stock opened at $285.91 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The business's 50 day simple moving average is $268.14 and its 200-day simple moving average is $288.46. The stock has a market capitalization of $200.31 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.41 and a beta of 1.23. American Express has a twelve month low of $220.43 and a twelve month high of $326.28.

• American Express: Affluent Customers Don’t Leave Home Without It

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.17. The business had revenue of $16.97 billion for the quarter, compared to analysts' expectations of $17.04 billion. American Express had a return on equity of 32.65% and a net margin of 15.36%. During the same period in the prior year, the firm earned $3.33 EPS. Equities research analysts forecast that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 4th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.15%. This is a positive change from American Express's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, April 4th. American Express's dividend payout ratio is 22.91%.

Analysts Set New Price Targets

• American Express Is a Stock You Want to Own in 2025

A number of equities research analysts have issued reports on AXP shares. Evercore ISI boosted their price target on American Express from $315.00 to $344.00 and gave the company an "in-line" rating in a research report on Monday, January 27th. Robert W. Baird raised American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price target for the company in a research report on Friday, March 14th. Monness Crespi & Hardt boosted their price target on American Express from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Compass Point lowered their price target on American Express from $325.00 to $309.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, BTIG Research decreased their target price on American Express from $272.00 to $240.00 and set a "sell" rating for the company in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $295.05.

Read Our Latest Report on AXP

Insider Buying and Selling

In other news, Director Michael J. Angelakis purchased 3,700 shares of the firm's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $269.89 per share, with a total value of $998,593.00. Following the purchase, the director now owns 3,700 shares in the company, valued at $998,593. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total value of $2,603,475.00. Following the transaction, the insider now directly owns 9,402 shares of the company's stock, valued at approximately $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% 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.

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