Dynamic Advisor Solutions LLC Sells 955 Shares of American Express (NYSE:AXP)

Dynamic Advisor Solutions LLC cut its holdings in shares of American Express (NYSE:AXP) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,623 shares of the payment services company’s stock after selling 955 shares during the period. Dynamic Advisor Solutions LLC’s holdings in American Express were worth $4,637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors LLC increased its stake in shares of American Express by 430.6% in the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock valued at $1,292,000 after buying an additional 3,867 shares in the last quarter. XML Financial LLC increased its position in American Express by 9.8% in the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after acquiring an additional 101 shares in the last quarter. LVM Capital Management Ltd. MI raised its stake in shares of American Express by 3.1% in the fourth quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock worth $25,626,000 after acquiring an additional 2,557 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its position in shares of American Express by 2,196.4% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 8,244 shares of the payment services company’s stock worth $1,909,000 after purchasing an additional 7,885 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in American Express by 12.7% during the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after buying an additional 247,864 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AXP has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. StockNews.com raised shares of American Express from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Truist Financial assumed coverage on shares of American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target for the company. Monness Crespi & Hardt lifted their target price on shares of American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company increased their price target on American Express from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $281.00.

Insider Buying and Selling

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This represents a 10.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

American Express Stock Down 1.5 %

American Express stock opened at $320.87 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market cap of $226.04 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.51 and a beta of 1.23. The firm has a 50 day moving average price of $302.35 and a two-hundred day moving average price of $274.66. American Express has a 52-week low of $186.43 and a 52-week high of $326.27.

American Express (NYSE:AXP) last posted its 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 15.32% and a return on equity of 32.46%. Equities analysts predict that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is currently 20.60%.

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.