Oakworth Capital Inc. Sells 371 Shares of American Express Company $AXP

Oakworth Capital Inc. lessened its position in shares of American Express Company (NYSE:AXP) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,041 shares of the payment services company’s stock after selling 371 shares during the quarter. Oakworth Capital Inc.’s holdings in American Express were worth $1,289,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new position in American Express during the 1st quarter worth $29,000. Hughes Financial Services LLC purchased a new stake in American Express in the first quarter valued at about $35,000. 1 North Wealth Services LLC acquired a new stake in American Express in the first quarter worth about $37,000. IAG Wealth Partners LLC purchased a new stake in shares of American Express during the first quarter worth about $40,000. Finally, PFS Partners LLC increased its holdings in shares of American Express by 104.0% during the first quarter. PFS Partners LLC now owns 153 shares of the payment services company’s stock valued at $41,000 after acquiring an additional 78 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AXP shares. William Blair restated an “outperform” rating on shares of American Express in a research note on Wednesday, July 2nd. Truist Financial upped their target price on American Express from $348.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Barclays lifted their price target on American Express from $249.00 to $297.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Morgan Stanley boosted their price target on American Express from $250.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Finally, Keefe, Bruyette & Woods raised their price objective on American Express from $360.00 to $371.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, American Express has a consensus rating of “Hold” and a consensus target price of $315.20.

Insider Buying and Selling at American Express

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the transaction, the chief executive officer owned 92,810 shares in the company, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Glenda G. Mcneal sold 50,000 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the sale, the insider directly owned 10,957 shares of the company’s stock, valued at $3,391,191.50. The trade was a 82.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is owned by insiders.

American Express Stock Performance

Shares of AXP stock opened at $342.07 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. American Express Company has a 12-month low of $220.43 and a 12-month high of $349.19. The business’s 50 day moving average is $317.46 and its two-hundred day moving average is $296.32. The company has a market capitalization of $238.04 billion, a P/E ratio of 24.00, a P/E/G ratio of 1.81 and a beta of 1.28.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.86 by $0.22. American Express had a net margin of 14.78% and a return on equity of 32.87%. The business had revenue of $17.86 billion for the quarter, compared to the consensus estimate of $17.70 billion. During the same period last year, the firm posted $3.49 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. Analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, October 10th. American Express’s payout ratio is 23.02%.

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.