Calamos Advisors LLC reduced its stake in American Express (NYSE:AXP – Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,156 shares of the payment services company’s stock after selling 6,340 shares during the period. Calamos Advisors LLC’s holdings in American Express were worth $59,701,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. GDS Wealth Management raised its stake in shares of American Express by 3.7% in the 4th quarter. GDS Wealth Management now owns 62,468 shares of the payment services company’s stock valued at $18,540,000 after acquiring an additional 2,231 shares during the period. Rheos Capital Works Inc. grew its stake in American Express by 16.7% in the 4th quarter. Rheos Capital Works Inc. now owns 115,200 shares of the payment services company’s stock worth $34,190,000 after acquiring an additional 16,500 shares during the period. Financial Life Planners acquired a new stake in American Express in the 4th quarter valued at $38,000. Prudent Investors Network Inc. acquired a new position in shares of American Express in the 4th quarter worth approximately $229,000. Finally, Rice Partnership LLC increased its holdings in shares of American Express by 2.1% during the fourth quarter. Rice Partnership LLC now owns 61,027 shares of the payment services company’s stock valued at $18,112,000 after purchasing an additional 1,258 shares during the period. Institutional investors own 84.33% of the company’s stock.
American Express Stock Down 0.3 %
American Express stock opened at $316.43 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a market cap of $222.91 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 1.49 and a beta of 1.23. American Express has a 12 month low of $203.42 and a 12 month high of $326.27. The stock has a fifty day simple moving average of $304.98 and a two-hundred day simple moving average of $277.73.
American Express Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is presently 19.99%.
Insider Activity at American Express
In other news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction dated 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 $7,492,492.04. The trade was a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms have recently issued reports on AXP. Compass Point decreased their price target on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their target price on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. BTIG Research raised their target price on shares of American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday, January 24th. 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. Finally, StockNews.com downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Three investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $296.38.
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.
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