KMG Fiduciary Partners LLC Has $9.54 Million Holdings in American Express (NYSE:AXP)

KMG Fiduciary Partners LLC lessened its holdings in American Express (NYSE:AXP) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,127 shares of the payment services company’s stock after selling 621 shares during the quarter. American Express accounts for approximately 0.8% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 28th biggest holding. KMG Fiduciary Partners LLC’s holdings in American Express were worth $9,535,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AXP. Prospera Private Wealth LLC bought a new position in American Express in the third quarter valued at approximately $27,000. Kennebec Savings Bank acquired a new stake in shares of American Express in the 3rd quarter valued at approximately $29,000. True Wealth Design LLC grew its stake in shares of 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 buying an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in American Express during the third quarter worth $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in American Express during the third quarter worth $46,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the transaction, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. This represents a 41.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,998 shares of company stock worth $26,423,439. Corporate insiders own 0.11% of the company’s stock.

American Express Price Performance

Shares of NYSE AXP opened at $311.69 on Friday. The stock has a market capitalization of $219.57 billion, a PE ratio of 22.94, a P/E/G ratio of 1.38 and a beta of 1.23. American Express has a fifty-two week low of $177.81 and a fifty-two week high of $314.00. 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 business has a fifty day moving average price of $298.26 and a two-hundred day moving average price of $270.90.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. During the same quarter in the previous year, the firm earned $3.30 earnings per share. American Express’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts predict that American Express will post 13.48 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AXP shares. Evercore ISI lifted their price objective on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. lifted their price target on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group upped their price objective on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley lifted their target price on American Express from $252.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their target price on American Express from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $278.09.

American Express 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.