American Express Company $AXP Stock Position Reduced by Hosking Partners LLP

Hosking Partners LLP decreased its position in shares of American Express Company (NYSE:AXP) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,103 shares of the payment services company’s stock after selling 4,403 shares during the period. American Express makes up approximately 2.9% of Hosking Partners LLP’s investment portfolio, making the stock its 8th biggest position. Hosking Partners LLP’s holdings in American Express were worth $80,417,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Noesis Capital Mangement Corp increased its stake in American Express by 0.9% in the 3rd quarter. Noesis Capital Mangement Corp now owns 105,946 shares of the payment services company’s stock worth $35,191,000 after acquiring an additional 922 shares during the last quarter. Ethos Financial Group LLC increased its position in American Express by 3.3% in the third quarter. Ethos Financial Group LLC now owns 958 shares of the payment services company’s stock worth $318,000 after purchasing an additional 31 shares during the last quarter. HB Wealth Management LLC raised its stake in American Express by 8.7% during the third quarter. HB Wealth Management LLC now owns 65,208 shares of the payment services company’s stock valued at $21,660,000 after purchasing an additional 5,222 shares in the last quarter. Caldwell Trust Co lifted its position in American Express by 1.1% during the third quarter. Caldwell Trust Co now owns 17,723 shares of the payment services company’s stock valued at $5,887,000 after purchasing an additional 192 shares during the last quarter. Finally, Realta Investment Advisors grew its stake in shares of American Express by 11.9% in the 3rd quarter. Realta Investment Advisors now owns 4,529 shares of the payment services company’s stock worth $1,504,000 after buying an additional 482 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on AXP. UBS Group increased their price target on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. HSBC set a $295.00 price objective on American Express and gave the company a “hold” rating in a research note on Friday, October 10th. Wells Fargo & Company increased their price target on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. Truist Financial lifted their price objective on shares of American Express from $395.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Finally, Morgan Stanley set a $370.00 target price on shares of American Express in a report on Tuesday, December 16th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $342.40.

Insider Activity

In other news, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the transaction, the insider directly owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the transaction, the insider owned 7,726 shares in the company, valued at $2,709,739.98. This trade represents a 39.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 57,515 shares of company stock worth $20,658,509. Corporate insiders own 0.20% of the company’s stock.

American Express Stock Performance

Shares of NYSE:AXP opened at $378.15 on Thursday. The firm’s 50 day simple moving average is $368.27 and its 200-day simple moving average is $338.61. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. American Express Company has a one year low of $220.43 and a one year high of $387.49. The firm has a market cap of $260.49 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.60 and a beta of 1.15.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 30th. The payment services company reported ($11.85) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($15.41). The firm had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%. As a group, equities analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. American Express’s dividend payout ratio is presently 22.01%.

American Express Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.