Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in American Express (NYSE:AXP) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,820 shares of the payment services company’s stock after selling 11,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American Express were worth $17,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. IndexIQ Advisors LLC bought a new stake in shares of American Express during the fourth quarter worth about $27,000. Sound Income Strategies LLC boosted its stake in American Express by 327.3% during the 1st quarter. Sound Income Strategies LLC now owns 329 shares of the payment services company’s stock valued at $28,000 after purchasing an additional 252 shares during the last quarter. FSA Wealth Management LLC acquired a new position in American Express during the 4th quarter valued at about $29,000. NWK Group Inc. bought a new stake in American Express during the 4th quarter worth approximately $30,000. Finally, Americana Partners LLC purchased a new stake in shares of American Express in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 84.21% of the company’s stock.

Several brokerages recently issued reports on AXP. Zacks Investment Research raised American Express from a “strong sell” rating to a “hold” rating and set a $101.00 target price on the stock in a research report on Thursday, April 30th. Cfra cut their price objective on shares of American Express from $140.00 to $96.00 and set a “hold” rating on the stock in a report on Friday, April 3rd. Stephens lowered their target price on shares of American Express from $144.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, March 18th. Credit Suisse Group dropped their price target on shares of American Express from $90.00 to $85.00 and set an “underperform” rating on the stock in a research report on Monday, April 27th. Finally, Piper Sandler reduced their price objective on shares of American Express from $146.00 to $119.00 in a research report on Thursday, March 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $107.83.

Shares of AXP stock traded down $0.50 during trading hours on Friday, hitting $89.33. 3,732,753 shares of the company were exchanged, compared to its average volume of 6,535,998. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $72.31 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.55 and a beta of 1.13. The firm has a fifty day simple moving average of $85.77 and a 200 day simple moving average of $110.80. American Express has a 52-week low of $67.00 and a 52-week high of $138.13.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, April 24th. The payment services company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.29. The business had revenue of $10.31 billion during the quarter, compared to analyst estimates of $10.67 billion. American Express had a return on equity of 30.21% and a net margin of 12.74%. American Express’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.01 earnings per share. Sell-side analysts anticipate that American Express will post 4.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.72 annualized dividend and a dividend yield of 1.93%. American Express’s payout ratio is 20.98%.

American Express Company Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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