American Express (NYSE:AXP) Shares Sold by Colonial Trust Co SC

Colonial Trust Co SC trimmed its holdings in American Express (NYSE:AXP) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,863 shares of the payment services company’s stock after selling 227 shares during the period. Colonial Trust Co SC’s holdings in American Express were worth $1,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Sellwood Investment Partners LLC acquired a new stake in American Express in the 4th quarter valued at about $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of American Express in the fourth quarter valued at about $33,000. Curio Wealth LLC purchased a new position in shares of American Express during the 4th quarter worth approximately $37,000. Financial Life Planners purchased a new stake in shares of American Express during the 4th quarter worth $38,000. Finally, Sierra Ocean LLC acquired a new stake in shares of American Express during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

AXP has been the subject of several research analyst reports. Monness Crespi & Hardt upped their price target on shares of American Express from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Keefe, Bruyette & Woods increased their price target on shares of American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. Robert W. Baird upgraded American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price objective for the company in a research note on Friday, March 14th. Evercore ISI boosted their price target on shares of American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research report on Monday, January 27th. Finally, Truist Financial decreased their price objective on shares of American Express from $340.00 to $315.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $295.05.

American Express Trading Down 0.8 %

NYSE AXP opened at $275.68 on Wednesday. The stock has a market cap of $193.14 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.41 and a beta of 1.23. The company has a fifty day simple moving average of $263.87 and a two-hundred day simple moving average of $286.89. American Express has a 12-month low of $220.43 and a 12-month high of $326.28. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last released 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 during 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 business posted $3.33 EPS. On average, analysts forecast that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a yield of 1.19%. American Express’s payout ratio is currently 22.91%.

Insider Transactions at American Express

In related news, Director Michael J. Angelakis acquired 3,700 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $269.89 per share, for a total transaction of $998,593.00. Following the completion of the purchase, the director now directly owns 3,700 shares of the company’s stock, valued at $998,593. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Glenda G. Mcneal sold 3,019 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total transaction of $799,008.54. Following the sale, the insider now owns 10,919 shares in the company, valued at $2,889,822.54. This represents a 21.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

American Express 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.