Bfsg LLC Trims Stock Position in American Express (NYSE:AXP)

Bfsg LLC cut its holdings in shares of American Express (NYSE:AXP) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,965 shares of the payment services company’s stock after selling 64 shares during the quarter. Bfsg LLC’s holdings in American Express were worth $5,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AXP. Investment Management Corp VA ADV purchased a new position in shares of American Express in the 4th quarter worth about $29,000. Sellwood Investment Partners LLC purchased a new position in shares of American Express in the 4th quarter worth about $33,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of American Express in the 4th quarter worth about $33,000. Nexus Investment Management ULC purchased a new stake in shares of American Express during the 1st quarter valued at about $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of American Express during the 4th quarter valued at about $37,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Glenda G. Mcneal sold 3,019 shares of the business’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the sale, the insider now owns 10,919 shares of the company’s stock, valued at approximately $2,889,822.54. The trade was a 21.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Howard Grosfield sold 9,450 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the completion of the sale, the insider now directly owns 9,402 shares in the company, valued at $2,590,251. This represents a 50.13% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

American Express Trading Up 2.2%

Shares of AXP stock opened at $294.17 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. American Express has a 1 year low of $220.43 and a 1 year high of $326.28. The stock has a fifty day moving average of $280.15 and a two-hundred day moving average of $288.76. The firm has a market capitalization of $206.09 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.17. American Express had a return on equity of 32.65% and a net margin of 15.36%. The company had revenue of $16.97 billion during the quarter, compared to analyst estimates of $17.04 billion. During the same quarter in the previous year, the firm posted $3.33 EPS. As a group, research analysts expect that American Express will post 15.33 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Argus downgraded American Express from a “strong-buy” rating to a “hold” rating in a report on Friday, March 14th. Citigroup dropped their target price on American Express from $320.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Robert W. Baird upgraded American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price objective on the stock in a report on Friday, March 14th. Baird R W upgraded American Express from a “strong sell” rating to a “hold” rating in a report on Friday, March 14th. Finally, Bank of America upgraded American Express from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $325.00 to $274.00 in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $296.05.

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.