Outfitter Financial LLC Has $662,000 Position in American Express Company (NYSE:AXP)

Outfitter Financial LLC lowered its position in American Express Company (NYSE:AXP) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,460 shares of the payment services company’s stock after selling 115 shares during the quarter. Outfitter Financial LLC’s holdings in American Express were worth $662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Investment Management Corp VA ADV acquired a new position in shares of American Express in the fourth quarter valued at approximately $29,000. MorganRosel Wealth Management LLC acquired a new position in shares of American Express in the first quarter valued at approximately $29,000. Sellwood Investment Partners LLC acquired a new position in shares of American Express in the fourth quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of American Express in the fourth quarter valued at approximately $33,000. Finally, Nexus Investment Management ULC acquired a new position in shares of American Express in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling

In related news, insider Glenda G. Mcneal sold 3,019 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the completion of the transaction, the insider owned 10,919 shares in the company, valued at $2,889,822.54. This represents a 21.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the completion of the sale, the insider directly owned 9,402 shares in the company, valued at approximately $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AXP. Redburn Atlantic raised shares of American Express from a “sell” rating to a “neutral” rating and decreased their target price for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Truist Financial increased their target price on shares of American Express from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. William Blair reissued an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. Monness Crespi & Hardt downgraded shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Barclays increased their target price on shares of American Express from $249.00 to $297.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $307.68.

American Express Trading Down 3.8%

Shares of American Express stock traded down $12.04 during midday trading on Friday, reaching $303.31. 1,208,558 shares of the company’s stock traded hands, compared to its average volume of 2,841,825. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The company has a market cap of $212.49 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.52 and a beta of 1.25. The stock has a 50 day moving average of $303.71 and a 200-day moving average of $291.05. American Express Company has a 12 month low of $220.43 and a 12 month high of $329.14.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.86 by $0.22. The company had revenue of $17.86 billion during the quarter, compared to the consensus estimate of $17.70 billion. American Express had a return on equity of 32.48% and a net margin of 15.31%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.49 earnings per share. As a group, equities analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.82 per share. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.08%. American Express’s dividend payout ratio is presently 22.91%.

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.