Commerzbank Aktiengesellschaft FI Has $6.48 Million Stake in American Express (NYSE:AXP)

Commerzbank Aktiengesellschaft FI boosted its position in American Express (NYSE:AXP) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,834 shares of the payment services company’s stock after buying an additional 3,005 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in American Express were worth $6,480,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AXP. Prospera Private Wealth LLC acquired a new stake in shares of American Express in the third quarter valued at about $27,000. Kennebec Savings Bank bought a new stake in American Express during the third quarter worth $29,000. True Wealth Design LLC lifted its stake in American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of American Express in the 3rd quarter valued at about $38,000. Finally, Financial Life Planners acquired a new position in shares of American Express during the 4th quarter worth about $38,000. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the transaction, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raymond Joabar sold 15,179 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the sale, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AXP shares. JPMorgan Chase & Co. raised their target price on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Wells Fargo & Company raised their price target on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup upped their price objective on shares of American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Truist Financial started coverage on shares of American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price for the company. Finally, HSBC upped their price target on shares of American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $296.38.

American Express Stock Down 1.9 %

Shares of NYSE AXP opened at $295.12 on Tuesday. The stock has a 50-day moving average price of $307.36 and a two-hundred day moving average price of $287.39. American Express has a 12 month low of $214.51 and a 12 month high of $326.27. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The company has a market cap of $207.33 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.41 and a beta of 1.24.

American Express (NYSE:AXP) last issued its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. As a group, analysts forecast that American Express will post 15.33 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, May 9th. Shareholders of record on Friday, April 4th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.11%. This is a boost from American Express’s previous quarterly dividend of $0.70. American Express’s dividend payout ratio is presently 19.99%.

American Express Company Profile

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.