Seizert Capital Partners LLC Sells 3,652 Shares of American Express Company $AXP

Seizert Capital Partners LLC cut its holdings in shares of American Express Company (NYSE:AXP) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,596 shares of the payment services company’s stock after selling 3,652 shares during the period. Seizert Capital Partners LLC’s holdings in American Express were worth $6,509,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AXP. Briaud Financial Planning Inc bought a new position in American Express during the second quarter valued at approximately $26,000. Access Investment Management LLC purchased a new stake in American Express during the 2nd quarter valued at $26,000. Manning & Napier Advisors LLC bought a new position in shares of American Express during the 3rd quarter valued at $27,000. Halbert Hargrove Global Advisors LLC boosted its stake in shares of American Express by 210.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock worth $29,000 after buying an additional 59 shares during the last quarter. Finally, Chung Wu Investment Group LLC bought a new stake in shares of American Express in the second quarter worth $37,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AXP shares. Keefe, Bruyette & Woods boosted their target price on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. UBS Group set a $385.00 price objective on American Express in a research note on Monday, January 12th. Wolfe Research started coverage on American Express in a research report on Monday, December 8th. They set a “peer perform” rating on the stock. TD Cowen raised their price objective on American Express from $350.00 to $375.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Finally, Evercore ISI set a $400.00 price objective on American Express in a research report on Tuesday, January 6th. Nine investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $352.82.

American Express Stock Performance

Shares of NYSE:AXP opened at $358.45 on Tuesday. The firm has a fifty day simple moving average of $368.49 and a two-hundred day simple moving average of $341.55. American Express Company has a 52 week low of $220.43 and a 52 week high of $387.49. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $246.92 billion, a P/E ratio of 24.01, a PEG ratio of 1.53 and a beta of 1.15.

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

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Insider Buying and Selling at American Express

In other news, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the transaction, the insider directly owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the transaction, the insider owned 2,515 shares in the company, valued at $894,359.15. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,515 shares of company stock valued at $20,658,509 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

American Express 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.