American Express (NYSE:AXP) Holdings Trimmed by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its holdings in American Express (NYSE:AXP) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,394 shares of the payment services company’s stock after selling 60 shares during the quarter. Koshinski Asset Management Inc.’s holdings in American Express were worth $1,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in American Express during the third quarter valued at approximately $27,000. Kennebec Savings Bank acquired a new stake in American Express during the 3rd quarter worth about $29,000. True Wealth Design LLC lifted its stake in American Express by 332.0% during 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 shares of American Express in the third quarter worth about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of American Express during the third quarter valued at approximately $46,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Up 1.8 %

AXP stock opened at $318.07 on Wednesday. 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 50-day moving average of $299.65 and a two-hundred day moving average of $272.78. The stock has a market capitalization of $224.07 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.23. American Express has a 52-week low of $184.06 and a 52-week high of $319.70.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is currently 20.60%.

Analyst Ratings Changes

A number of research firms recently commented on AXP. BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective for the company. in a research note on Tuesday, October 8th. Compass Point increased their price objective on American Express from $315.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. The Goldman Sachs Group increased their price target on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Keefe, Bruyette & Woods upped their price objective on shares of American Express from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Monness Crespi & Hardt lifted their target price on shares of American Express from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $278.09.

Insiders Place Their Bets

In related 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 transaction of $1,820,880.00. Following the transaction, 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 legal filing with the SEC, which is available at this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

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.