American Express (NYSE:AXP) is Family Capital Trust Co’s 8th Largest Position

Family Capital Trust Co decreased its stake in American Express (NYSE:AXP) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,178 shares of the payment services company’s stock after selling 2,457 shares during the quarter. American Express makes up 3.7% of Family Capital Trust Co’s portfolio, making the stock its 8th biggest holding. Family Capital Trust Co’s holdings in American Express were worth $11,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Prospera Private Wealth LLC bought a new position in shares of American Express in the third quarter worth about $27,000. Kennebec Savings Bank bought a new position in shares of American Express in the third quarter worth about $29,000. True Wealth Design LLC boosted 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 period. Itau Unibanco Holding S.A. bought a new position in shares of American Express in the third quarter worth about $38,000. Finally, Financial Life Planners bought a new position in shares of American Express in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Down 1.1 %

AXP opened at $316.72 on Friday. The stock’s fifty day moving average is $306.29 and its two-hundred day moving average is $279.80. The company has a market capitalization of $223.11 billion, a P/E ratio of 22.61, a PEG ratio of 1.50 and a beta of 1.24. American Express has a 52 week low of $207.61 and a 52 week high of $326.27. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Analysts forecast that American Express will post 15.32 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.88%. American Express’s dividend payout ratio (DPR) is presently 19.99%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AXP shares. Wells Fargo & Company increased their price target on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays increased their price target on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Monness Crespi & Hardt upped their price objective on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Truist Financial initiated coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective on the stock. Finally, William Blair restated an “outperform” rating on shares of American Express in a research report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and a consensus target price of $296.38.

Insider Buying and Selling at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the sale, the insider now directly owns 23,866 shares of the company’s stock, valued at $7,492,492.04. The trade was a 38.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,664 shares of company stock valued at $9,613,503. 0.12% of the stock is currently owned by corporate insiders.

About American Express

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.