Millington Financial Advisors LLC Has $809,000 Stock Holdings in American Express (NYSE:AXP)

Millington Financial Advisors LLC decreased its position in American Express (NYSE:AXP) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,557 shares of the payment services company’s stock after selling 170 shares during the period. Millington Financial Advisors LLC’s holdings in American Express were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AXP. Opal Wealth Advisors LLC raised its holdings in American Express by 1.6% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock worth $636,000 after buying an additional 33 shares during the period. Catalina Capital Group LLC raised its holdings in shares of American Express by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock worth $996,000 after acquiring an additional 34 shares during the period. Boston Financial Mangement LLC lifted its position in American Express by 0.9% in the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock valued at $1,189,000 after acquiring an additional 34 shares in the last quarter. Auxier Asset Management boosted its stake in American Express by 0.5% in the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after purchasing an additional 35 shares during the period. Finally, Abel Hall LLC boosted its stake in American Express by 3.6% in the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after purchasing an additional 35 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

NYSE:AXP opened at $295.16 on Tuesday. The company has a market cap of $207.36 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.41 and a beta of 1.24. The firm’s fifty day moving average price is $307.38 and its two-hundred day moving average price is $285.47. American Express has a one year low of $213.25 and a one year high of $326.27. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Equities analysts expect that American Express will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.95%. American Express’s payout ratio is currently 19.99%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Truist Financial began coverage on American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. Monness Crespi & Hardt upped their price target on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Citigroup lifted their price objective on shares of American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Compass Point reduced their target price on shares of American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, UBS Group lifted their price target 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 research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and a consensus target price of $296.38.

Insider Activity at American Express

In other news, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the sale, the insider now owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock worth $9,613,503 in the last ninety days. 0.11% of the stock is owned by company insiders.

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.