First Horizon Advisors Inc. Has $1.60 Million Stock Holdings in American Express (NYSE:AXP)

First Horizon Advisors Inc. boosted its position in American Express (NYSE:AXP) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,535 shares of the payment services company’s stock after purchasing an additional 828 shares during the period. First Horizon Advisors Inc.’s holdings in American Express were worth $1,599,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp boosted its position in American Express by 0.6% during the third quarter. Northern Trust Corp now owns 6,953,460 shares of the payment services company’s stock worth $1,037,387,000 after purchasing an additional 41,443 shares during the period. Barclays PLC lifted its position in American Express by 6.1% during the third quarter. Barclays PLC now owns 1,800,045 shares of the payment services company’s stock worth $268,549,000 after acquiring an additional 102,977 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of American Express by 6.9% during the fourth quarter. Nordea Investment Management AB now owns 1,574,663 shares of the payment services company’s stock worth $294,856,000 after acquiring an additional 102,132 shares during the period. TD Asset Management Inc increased its stake in shares of American Express by 1.5% during the third quarter. TD Asset Management Inc now owns 1,480,157 shares of the payment services company’s stock worth $220,825,000 after purchasing an additional 21,876 shares during the period. Finally, Boston Partners acquired a new stake in American Express during the 3rd quarter worth approximately $210,540,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling

In other news, insider Laureen Seeger sold 84,420 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $212.98, for a total value of $17,979,771.60. Following the completion of the sale, the insider now owns 57,512 shares in the company, valued at approximately $12,248,905.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other American Express news, insider Laureen Seeger sold 84,420 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $212.98, for a total value of $17,979,771.60. Following the completion of the sale, the insider now directly owns 57,512 shares of the company’s stock, valued at approximately $12,248,905.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Monique Herena sold 11,242 shares of American Express stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $208.41, for a total transaction of $2,342,945.22. Following the transaction, the insider now directly owns 13,874 shares in the company, valued at approximately $2,891,480.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 203,891 shares of company stock worth $44,373,196. 0.12% of the stock is owned by corporate insiders.

American Express Trading Down 0.7 %

NYSE AXP opened at $230.77 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.70. American Express has a 52 week low of $140.91 and a 52 week high of $240.55. The business has a 50 day moving average price of $224.31 and a 200-day moving average price of $193.76. The company has a market cap of $165.99 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 1.33 and a beta of 1.20.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.36. American Express had a net margin of 14.50% and a return on equity of 32.46%. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. During the same period last year, the firm earned $2.40 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts expect that American Express will post 12.99 earnings per share for the current fiscal year.

American Express Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.17%. American Express’s dividend payout ratio is presently 23.06%.

Analysts Set New Price Targets

AXP has been the topic of a number of recent research reports. Evercore ISI raised their price target on shares of American Express from $243.00 to $255.00 and gave the stock an “in-line” rating in a research report on Wednesday, April 24th. HSBC raised their price objective on American Express from $232.00 to $239.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Barclays reissued an “equal weight” rating and set a $221.00 target price (up from $220.00) on shares of American Express in a report on Tuesday, April 9th. UBS Group boosted their price target on American Express from $188.00 to $206.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Finally, BMO Capital Markets upped their price objective on shares of American Express from $167.00 to $175.00 and gave the stock an “underperform” rating in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $210.71.

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.