Regatta Capital Group LLC Sells 54 Shares of American Express Company $AXP

Regatta Capital Group LLC lowered its position in shares of American Express Company (NYSE:AXP) by 2.3% in the second quarter, HoldingsChannel reports. The fund owned 2,302 shares of the payment services company’s stock after selling 54 shares during the period. Regatta Capital Group LLC’s holdings in American Express were worth $734,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AXP. MorganRosel Wealth Management LLC acquired a new stake in shares of American Express in the 1st quarter valued at approximately $29,000. Nexus Investment Management ULC acquired a new stake in American Express during the 1st quarter valued at $34,000. Hughes Financial Services LLC acquired a new stake in American Express during the 1st quarter valued at $35,000. 1 North Wealth Services LLC acquired a new stake in American Express during the 1st quarter valued at $37,000. Finally, IAG Wealth Partners LLC acquired a new stake in American Express during the 1st quarter valued at $40,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insiders Place Their Bets

In related news, insider Glenda G. Mcneal sold 50,000 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total value of $15,475,000.00. Following the completion of the transaction, the insider owned 10,957 shares of the company’s stock, valued at $3,391,191.50. The trade was a 82.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anna Marrs sold 5,500 shares of the business’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the transaction, the insider directly owned 20,311 shares of the company’s stock, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock valued at $85,261,270 over the last 90 days. 0.20% of the stock is owned by company insiders.

American Express Stock Down 0.2%

AXP opened at $340.86 on Thursday. The company has a market capitalization of $237.20 billion, a P/E ratio of 23.92, a P/E/G ratio of 1.81 and a beta of 1.28. The stock has a fifty day moving average of $316.30 and a 200-day moving average of $294.66. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $349.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.86 by $0.22. The business had revenue of $17.86 billion during the quarter, compared to the consensus estimate of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.American Express’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.49 earnings per share. On average, equities analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s payout ratio is 23.02%.

Wall Street Analysts Forecast Growth

AXP has been the subject of several research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a report on Monday, July 14th. DZ Bank downgraded American Express from a “hold” rating to a “sell” rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price target on American Express from $260.00 to $342.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft lifted their target price on American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, Monness Crespi & Hardt downgraded American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Eight research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $315.20.

American Express 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.