American Express (NYSE:AXP) Shares Sold by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC reduced its holdings in shares of American Express (NYSE:AXP) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,284 shares of the payment services company’s stock after selling 120 shares during the quarter. White Knight Strategic Wealth Advisors LLC’s holdings in American Express were worth $428,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Northern Trust Corp lifted its holdings in shares of American Express by 0.6% in the 3rd quarter. Northern Trust Corp now owns 6,953,460 shares of the payment services company’s stock valued at $1,037,387,000 after purchasing an additional 41,443 shares during the last quarter. Norges Bank purchased a new stake in shares of American Express in the 4th quarter valued at about $1,112,747,000. Artisan Partners Limited Partnership lifted its holdings in shares of American Express by 11.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,855,211 shares of the payment services company’s stock valued at $909,575,000 after purchasing an additional 496,153 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of American Express by 21.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,839,276 shares of the payment services company’s stock valued at $713,202,000 after purchasing an additional 667,695 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of American Express by 62.1% in the 4th quarter. TD Asset Management Inc now owns 2,399,494 shares of the payment services company’s stock valued at $449,521,000 after purchasing an additional 919,337 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

NYSE:AXP traded down $0.68 during trading hours on Friday, reaching $232.67. 2,212,477 shares of the company traded hands, compared to its average volume of 2,427,727. The firm’s 50-day moving average is $232.59 and its 200-day moving average is $209.44. The stock has a market cap of $167.36 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.33 and a beta of 1.22. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.62 and a quick ratio of 1.62. American Express has a 1-year low of $140.91 and a 1-year high of $244.41.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.36. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. American Express had a return on equity of 32.46% and a net margin of 14.50%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.40 EPS. Equities research analysts expect that American Express will post 13.01 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be given a $0.70 dividend. This is a positive change from American Express’s previous quarterly dividend of $0.10. This represents a $2.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, July 5th. American Express’s dividend payout ratio (DPR) is 23.06%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AXP. HSBC upped their price objective on American Express from $232.00 to $239.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Oppenheimer reaffirmed an “outperform” rating on shares of American Express in a research note on Friday, April 5th. TD Cowen upped their price objective on American Express from $221.00 to $225.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Wells Fargo & Company upped their price objective on American Express from $265.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Morgan Stanley upped their price objective on American Express from $222.00 to $226.00 and gave the company an “equal weight” rating in a research note on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $215.50.

View Our Latest Analysis on American Express

Insider Buying and Selling

In other American Express news, insider Anna Marrs sold 3,592 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $230.93, for a total value of $829,500.56. Following the transaction, the insider now directly owns 19,932 shares of the company’s stock, valued at $4,602,896.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other American Express news, insider Anna Marrs sold 3,592 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $230.93, for a total value of $829,500.56. Following the transaction, the insider now directly owns 19,932 shares of the company’s stock, valued at $4,602,896.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Quinn Jessica Lieberman sold 3,141 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $232.36, for a total value of $729,842.76. Following the completion of the transaction, the executive vice president now directly owns 258 shares in the company, valued at $59,948.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 177,717 shares of company stock valued at $41,680,999. 0.12% of the stock is currently owned by company insiders.

About American Express

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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