Savant Capital LLC Has $12.26 Million Stake in American Express (NYSE:AXP)

Savant Capital LLC lifted its position in shares of American Express (NYSE:AXP) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,319 shares of the payment services company’s stock after purchasing an additional 156 shares during the period. Savant Capital LLC’s holdings in American Express were worth $12,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AXP. Mechanics Bank Trust Department grew its holdings in shares of American Express by 3.5% during the third quarter. Mechanics Bank Trust Department now owns 2,670 shares of the payment services company’s stock worth $724,000 after purchasing an additional 90 shares during the last quarter. Retirement Planning Group LLC bought a new stake in shares of American Express during the third quarter worth about $374,000. Carnegie Investment Counsel grew its holdings in shares of American Express by 34.2% during the third quarter. Carnegie Investment Counsel now owns 2,862 shares of the payment services company’s stock worth $776,000 after purchasing an additional 729 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of American Express by 129.6% during the third quarter. Sound Income Strategies LLC now owns 1,164 shares of the payment services company’s stock worth $316,000 after purchasing an additional 657 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in shares of American Express during the third quarter worth about $250,000. 84.33% of the stock is currently owned by institutional investors.

Insider Activity at American Express

In related news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction on Tuesday, January 28th. The stock was 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 directly owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 13,500 shares of the company’s stock, valued at $4,308,795. The trade was 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 valued at $9,613,503. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on AXP shares. Compass Point reduced their target price on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company upped their target price on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group upped their target price on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a report on Monday, January 13th. William Blair reiterated an “outperform” rating on shares of American Express in a report on Monday, January 27th. Finally, Truist Financial started coverage on American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $296.38.

American Express Price Performance

Shares of NYSE:AXP opened at $310.13 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. American Express has a twelve month low of $207.61 and a twelve month high of $326.27. The stock’s 50 day moving average is $306.29 and its 200-day moving average is $280.31. The firm has a market capitalization of $218.47 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.50 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, 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%. Sell-side analysts forecast that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

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