Applied Capital LLC FL Has $2.73 Million Stock Holdings in American Express (NYSE:AXP)

Applied Capital LLC FL lowered its position in shares of American Express (NYSE:AXP) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,211 shares of the payment services company’s stock after selling 50 shares during the quarter. American Express makes up approximately 2.1% of Applied Capital LLC FL’s holdings, making the stock its 12th biggest holding. Applied Capital LLC FL’s holdings in American Express were worth $2,734,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new stake in shares of American Express in the third quarter valued at $27,000. Kennebec Savings Bank bought a new stake in American Express during the 3rd quarter worth about $29,000. True Wealth Design LLC raised its stake in shares of American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after acquiring an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of American Express in the third quarter worth about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of American Express during the third quarter worth approximately $46,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Down 1.5 %

American Express stock opened at $320.87 on Friday. American Express has a twelve month low of $186.43 and a twelve month high of $326.27. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a 50 day moving average of $302.35 and a 200-day moving average of $274.66. The stock has a market capitalization of $226.04 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23.

American Express (NYSE:AXP) last released its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. On average, equities research analysts anticipate that American Express will post 13.4 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is currently 20.60%.

Insider Transactions at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at $1,952,286.84. This trade represents a 48.26 % 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, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the sale, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. This represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of several research analyst reports. Truist Financial assumed coverage on shares of American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Compass Point upped their price target on American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. HSBC raised their price target on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a report on Friday. The Goldman Sachs Group boosted their price objective on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, UBS Group raised their target price on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $281.00.

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.