Boyd Watterson Asset Management LLC OH Trims Stock Holdings in American Express (NYSE:AXP)

Boyd Watterson Asset Management LLC OH lessened its holdings in shares of American Express (NYSE:AXP) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,188 shares of the payment services company’s stock after selling 162 shares during the quarter. American Express accounts for 2.3% of Boyd Watterson Asset Management LLC OH’s portfolio, making the stock its 11th largest position. Boyd Watterson Asset Management LLC OH’s holdings in American Express were worth $8,366,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of American Express by 0.8% in 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 raised its stake in American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after buying an additional 866,110 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in American Express by 5.5% during 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 boosted its holdings in 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 period. Finally, Nordea Investment Management AB increased its stake in American Express by 12.7% during the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock valued at $655,137,000 after purchasing an additional 247,864 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Price Performance

AXP opened at $295.23 on Friday. The firm has a market capitalization of $207.41 billion, a P/E ratio of 21.07, a PEG ratio of 1.48 and a beta of 1.24. The stock has a fifty day moving average of $307.54 and a 200-day moving average of $284.27. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express has a 12-month low of $212.48 and a 12-month high of $326.27.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (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%. Equities analysts forecast that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on AXP. Compass Point decreased their target price on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. HSBC boosted their price objective on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Truist Financial started coverage on American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Finally, StockNews.com cut shares of American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $296.38.

Insider Buying and Selling at American Express

In other American Express news, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 23,866 shares in the company, valued at $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction dated 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 approximately $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,664 shares of company stock worth $9,613,503. 0.12% of the stock is currently owned by company 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.