Bath Savings Trust Co Sells 200 Shares of American Express (NYSE:AXP)

Bath Savings Trust Co trimmed its holdings in shares of American Express (NYSE:AXP) by 6.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,864 shares of the payment services company’s stock after selling 200 shares during the period. Bath Savings Trust Co’s holdings in American Express were worth $850,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AXP. Prospera Private Wealth LLC acquired a new position in shares of American Express during the 3rd quarter valued at about $27,000. Kennebec Savings Bank acquired a new stake in American Express in the 3rd quarter worth approximately $29,000. True Wealth Design LLC boosted its position in American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after purchasing an additional 83 shares during the period. Itau Unibanco Holding S.A. acquired a new position in American Express during the third quarter valued at approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of American Express in the third quarter valued at approximately $46,000. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Up 0.3 %

Shares of NYSE AXP traded up $1.05 during midday trading on Tuesday, hitting $302.93. The stock had a trading volume of 932,649 shares, compared to its average volume of 1,881,631. The firm has a market cap of $213.40 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. American Express has a fifty-two week low of $177.81 and a fifty-two week high of $307.82. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The company’s 50-day simple moving average is $294.60 and its 200 day simple moving average is $267.67.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. During the same period in the prior year, the business posted $3.30 earnings per share. American Express’s revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that American Express will post 13.4 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is 20.60%.

Analysts Set New Price Targets

AXP has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Truist Financial initiated coverage on American Express in a research report on Tuesday. They issued a “buy” rating and a $350.00 price target on the stock. Hsbc Global Res cut American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Monness Crespi & Hardt boosted their target price on shares of American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, StockNews.com upgraded shares of American Express from a “hold” rating to a “buy” rating in a research note on Wednesday, January 1st. Three investment 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $272.64.

Insider Buying and Selling at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s 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 sale, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the sale, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 41.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,998 shares of company stock valued at $26,423,439. Corporate insiders own 0.12% of the company’s stock.

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.