TFC Financial Management Inc. Sells 105 Shares of American Express (NYSE:AXP)

TFC Financial Management Inc. lessened its stake in American Express (NYSE:AXP) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 922 shares of the payment services company’s stock after selling 105 shares during the period. TFC Financial Management Inc.’s holdings in American Express were worth $274,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of American Express by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock valued at $3,104,735,000 after purchasing an additional 86,100 shares in the last quarter. FMR LLC boosted its holdings in American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after acquiring an additional 866,110 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of American Express by 5.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock worth $1,249,415,000 after purchasing an additional 239,173 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of American Express by 0.8% in the third quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock worth $1,074,168,000 after purchasing an additional 33,193 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of American Express by 12.7% in the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after purchasing an additional 247,864 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AXP shares. 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 report on Monday, October 21st. Evercore ISI increased their price target on American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research report on Monday, January 27th. StockNews.com lowered American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. BTIG Research increased their price objective on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company increased their price objective on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $296.38.

American Express Stock Performance

American Express stock opened at $306.46 on Thursday. The stock’s 50 day simple moving average is $306.60 and its two-hundred day simple moving average is $281.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 1.67. The stock has a market cap of $215.89 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.50 and a beta of 1.24. American Express has a fifty-two week low of $207.61 and a fifty-two week high of $326.27.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. As a group, analysts expect that American Express will post 15.32 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were issued a $0.70 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.91%. American Express’s payout ratio is currently 19.99%.

Insider Buying and Selling

In related news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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. The trade was a 48.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the sale, the insider now owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock worth $9,613,503 in the last three months. Insiders own 0.12% of the company’s stock.

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.