American Express Company $AXP Shares Sold by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL lowered its position in American Express Company (NYSE:AXP) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 238,474 shares of the payment services company’s stock after selling 2,923 shares during the quarter. American Express accounts for about 1.7% of Vaughan David Investments LLC IL’s holdings, making the stock its 6th largest position. Vaughan David Investments LLC IL’s holdings in American Express were worth $79,212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AXP. Inscription Capital LLC raised its stake in shares of American Express by 4.6% in the 3rd quarter. Inscription Capital LLC now owns 1,166 shares of the payment services company’s stock valued at $387,000 after buying an additional 51 shares in the last quarter. Americana Partners LLC increased its stake in American Express by 23.8% in the third quarter. Americana Partners LLC now owns 10,046 shares of the payment services company’s stock valued at $3,337,000 after acquiring an additional 1,930 shares during the period. Root Financial Partners LLC raised its position in American Express by 52.0% in the third quarter. Root Financial Partners LLC now owns 2,023 shares of the payment services company’s stock worth $672,000 after purchasing an additional 692 shares in the last quarter. Parsons Capital Management Inc. RI raised its position in American Express by 13.8% in the third quarter. Parsons Capital Management Inc. RI now owns 826 shares of the payment services company’s stock worth $274,000 after purchasing an additional 100 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in American Express by 17.5% during the third quarter. Arkadios Wealth Advisors now owns 16,183 shares of the payment services company’s stock worth $5,375,000 after purchasing an additional 2,406 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AXP shares. Keefe, Bruyette & Woods upped their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Wells Fargo & Company boosted their price target on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $425.00 price objective on shares of American Express in a research note on Monday, January 12th. Evercore ISI set a $400.00 price objective on American Express in a report on Tuesday, January 6th. Finally, Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $352.82.

Insider Transactions at American Express

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the sale, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at $30,825,691.17. This represents a 36.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the sale, the insider directly owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 57,515 shares of company stock worth $20,658,509. Corporate insiders own 0.20% of the company’s stock.

American Express Price Performance

American Express stock opened at $365.03 on Tuesday. The business’s fifty day moving average is $368.49 and its two-hundred day moving average is $341.55. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The firm has a market cap of $251.45 billion, a P/E ratio of 24.50, a P/E/G ratio of 1.53 and a beta of 1.15. American Express Company has a 52 week low of $220.43 and a 52 week high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 30th. The payment services company reported ($11.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($15.41). The business had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. Equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s dividend payout ratio is presently 22.01%.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co?brand partnerships with airlines, hotels and retailers.