American Express (NYSE:AXP) Holdings Lifted by Bremer Bank National Association

Bremer Bank National Association boosted its position in shares of American Express (NYSE:AXP) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,452 shares of the payment services company’s stock after buying an additional 148 shares during the quarter. American Express accounts for approximately 1.3% of Bremer Bank National Association’s investment portfolio, making the stock its 24th largest position. Bremer Bank National Association’s holdings in American Express were worth $6,664,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Prospera Private Wealth LLC acquired a new position in shares of American Express in the 3rd quarter valued at $27,000. Kennebec Savings Bank acquired a new position in shares of American Express in the 3rd quarter valued at $29,000. True Wealth Design LLC boosted its position in shares of American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 83 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of American Express in the 3rd quarter valued at $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of American Express in the 3rd quarter valued at $46,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

AXP has been the subject of a number of recent analyst reports. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Monness Crespi & Hardt increased their price target on American Express from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company increased their price objective on American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Truist Financial assumed coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $278.09.

Insider Buying and Selling

In other news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the sale, the chief financial officer now directly owns 6,433 shares in the company, valued at $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’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 owns 109,691 shares in the company, valued at $29,724,067.18. The trade was a 10.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,998 shares of company stock valued at $26,423,439 over the last three months. Company insiders own 0.11% of the company’s stock.

American Express Price Performance

American Express stock opened at $312.75 on Monday. 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 has a market capitalization of $220.32 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. American Express has a one year low of $177.81 and a one year high of $315.40. The business has a 50 day simple moving average of $299.26 and a 200 day simple moving average of $271.98.

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

American Express Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

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.