Bank of Jackson Hole Trust Acquires Shares of 726 American Express (NYSE:AXP)

Bank of Jackson Hole Trust acquired a new stake in American Express (NYSE:AXP) in the fourth quarter, Holdings Channel reports. The fund acquired 726 shares of the payment services company’s stock, valued at approximately $215,000.

Other hedge funds also recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in shares of American Express during the fourth quarter valued at approximately $832,000. World Investment Advisors LLC boosted its position in shares of American Express by 430.6% during 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 during the last quarter. XML Financial LLC boosted its position in shares of American Express by 9.8% during the third quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after buying an additional 101 shares during the last quarter. LVM Capital Management Ltd. MI boosted its position in shares of American Express by 3.1% during the fourth quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after buying an additional 2,557 shares during the last quarter. Finally, Hager Investment Management Services LLC purchased a new position in shares of American Express during the fourth quarter valued at approximately $832,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AXP. Royal Bank of Canada lifted their price target on American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Wells Fargo & Company lifted their price target on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Truist Financial initiated coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price on the stock. William Blair restated an “outperform” rating on shares of American Express in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their target price on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average price target of $296.38.

American Express Price Performance

American Express stock opened at $312.52 on Wednesday. American Express has a 52 week low of $209.10 and a 52 week high of $326.27. The business has a 50-day simple moving average of $307.46 and a 200 day simple moving average of $283.46. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. The stock has a market cap of $220.16 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.50 and a beta of 1.24.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, research analysts forecast that American Express will post 15.32 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, January 3rd. American Express’s payout ratio is currently 19.99%.

Insider Transactions at American Express

In related news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the sale, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. This represents a 38.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the sale, the insider now owns 13,500 shares of the company’s stock, valued at $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,664 shares of company stock worth $9,613,503. 0.12% of the stock is currently owned by corporate insiders.

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.