Tillman Hartley LLC Has $404,000 Position in American Express (NYSE:AXP)

Tillman Hartley LLC reduced its holdings in American Express (NYSE:AXP) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,360 shares of the payment services company’s stock after selling 74 shares during the period. Tillman Hartley LLC’s holdings in American Express were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. Prospera Private Wealth LLC acquired a new stake in American Express in the 3rd quarter valued at $27,000. True Wealth Design LLC increased its stake in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in American Express in the 3rd quarter valued at $38,000. Financial Life Planners acquired a new position in shares of American Express during the 4th quarter worth about $38,000. Finally, Sierra Ocean LLC acquired a new position in shares of American Express during the 4th quarter worth about $40,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AXP shares. BTIG Research boosted their price objective on shares of American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. Truist Financial started coverage on shares of American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Citigroup boosted their price objective on shares of American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, UBS Group boosted their price objective on shares of American Express from $283.00 to $320.00 and gave the stock 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $296.38.

Insider Transactions at American Express

In other news, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were 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 represents a 38.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Angelakis purchased 3,700 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $269.89 per share, with a total value of $998,593.00. Following the acquisition, the director now owns 3,700 shares in the company, valued at $998,593. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

American Express Stock Performance

NYSE AXP opened at $261.19 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $183.49 billion, a P/E ratio of 18.64, a P/E/G ratio of 1.41 and a beta of 1.21. American Express has a 12-month low of $214.51 and a 12-month high of $326.27. The firm has a 50-day moving average price of $303.18 and a two-hundred day moving average price of $288.10.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping 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%. Analysts anticipate that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, April 4th. This is an increase from American Express’s previous quarterly dividend of $0.70. American Express’s dividend payout ratio is 23.41%.

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.