Barrow Hanley Mewhinney & Strauss LLC Has $346.14 Million Stock Holdings in American Express (NYSE:AXP)

Barrow Hanley Mewhinney & Strauss LLC decreased its holdings in shares of American Express (NYSE:AXP) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,166,279 shares of the payment services company’s stock after selling 24,973 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in American Express were worth $346,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC boosted its holdings in 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 purchasing an additional 83 shares in the last quarter. Sellwood Investment Partners LLC acquired a new stake in shares of American Express in the fourth quarter worth about $33,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of American Express during the 4th quarter worth about $33,000. Curio Wealth LLC acquired a new position in shares of American Express during the 4th quarter valued at about $37,000. Finally, Financial Life Planners bought a new position in shares of American Express in the 4th quarter valued at approximately $38,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

NYSE:AXP opened at $265.16 on Friday. The firm has a market capitalization of $186.28 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21. 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 $214.51 and a 12-month high of $326.28. The firm has a 50-day moving average price of $295.02 and a 200 day moving average price of $289.43.

American Express (NYSE:AXP) last issued 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 32.65% and a net margin of 15.36%. Research analysts anticipate that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, April 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from American Express’s previous quarterly dividend of $0.70. American Express’s dividend payout ratio (DPR) is 23.41%.

Insider Activity at American Express

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the sale, the insider now directly owns 13,500 shares of the company’s stock, valued at $4,308,795. This trade represents a 41.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the business’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 transaction, the insider now directly owns 23,866 shares in the company, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial assumed coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price for the company. Robert W. Baird upgraded shares of American Express from an “underperform” rating to a “neutral” rating and set a $265.00 target price on the stock in a research note on Friday, March 14th. The Goldman Sachs Group cut their target price on shares of American Express from $367.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. BTIG Research raised their price target on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted their price objective on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $302.57.

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.