<div id="readability-page-1"><p>Concurrent Investment Advisors LLC lowered its holdings in American Express (NYSE:AXP - Free Report) by 36.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,963 shares of the payment services company's stock after selling 5,078 shares during the quarter. Concurrent Investment Advisors LLC's holdings in American Express were worth $2,041,000 as of its most recent filing with the SEC.</p><div><p><span></span><span>Get <strong>American Express</strong> alerts:</span></p></div><ul><li>3 Top Financial Sector Stocks to Invest in Now</li></ul><p>Several other large investors also recently made changes to their positions in the business. Norges Bank bought a new position in American Express in the fourth quarter valued at about $1,112,747,000. Alphinity Investment Management Pty Ltd acquired a new stake in shares of American Express during the 1st quarter worth approximately $433,709,000. TD Asset Management Inc grew its position in shares of American Express by 62.1% during the 4th quarter. TD Asset Management Inc now owns 2,399,494 shares of the payment services company's stock worth $449,521,000 after buying an additional 919,337 shares during the period. International Assets Investment Management LLC raised its stake in shares of American Express by 1,313.2% during the fourth quarter. International Assets Investment Management LLC now owns 768,769 shares of the payment services company's stock worth $1,440,210,000 after buying an additional 714,370 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in American Express by 21.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,839,276 shares of the payment services company's stock valued at $713,202,000 after acquiring an additional 667,695 shares during the last quarter. Institutional investors own 84.33% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In other American Express news, CEO Stephen J. Squeri sold 38,873 shares of the company's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $238.63, for a total value of $9,276,263.99. Following the transaction, the chief executive officer now directly owns 76,310 shares in the company, valued at approximately $18,209,855.30. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. In related news, CEO Stephen J. Squeri sold 38,873 shares of the company's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $238.63, for a total transaction of $9,276,263.99. Following the completion of the sale, the chief executive officer now directly owns 76,310 shares in the company, valued at approximately $18,209,855.30. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. Also, insider Jennifer Skyler sold 14,802 shares of the business's stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $241.73, for a total transaction of $3,578,087.46. Following the transaction, the insider now owns 16,371 shares in the company, valued at approximately $3,957,361.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 177,717 shares of company stock valued at $41,680,999. 0.12% of the stock is owned by company insiders. </p><h2>Analysts Set New Price Targets</h2><ul><li>Mastering Stocks in the Dow: Insights into the DJIA</li></ul><p>A number of research firms have recently weighed in on AXP. HSBC increased their price target on American Express from $232.00 to $239.00 and gave the company a &#34;buy&#34; rating in a research note on Thursday, April 11th. Monness Crespi &amp; Hardt raised their target price on American Express from $250.00 to $260.00 and gave the stock a &#34;buy&#34; rating in a report on Monday. Citigroup assumed coverage on American Express in a research report on Monday, June 10th. They set a &#34;neutral&#34; rating and a $250.00 target price for the company. Oppenheimer reissued an &#34;outperform&#34; rating on shares of American Express in a research note on Friday, April 5th. Finally, BTIG Research initiated coverage on shares of American Express in a report on Friday, June 7th. They issued a &#34;neutral&#34; rating on the stock. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of &#34;Hold&#34; and a consensus price target of $226.18.</p><p><b>Check Out Our Latest Analysis on American Express</b></p><h2>American Express Stock Up 2.3 %</h2><ul><li>Quad/Graphics is a benefactor of the advertising rebound</li></ul><p>NYSE AXP traded up $5.37 during trading hours on Monday, hitting $244.00. The company's stock had a trading volume of 2,981,670 shares, compared to its average volume of 2,999,423. The company has a market capitalization of $175.51 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.37 and a beta of 1.21. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.70. American Express has a 52 week low of $140.91 and a 52 week high of $244.66. The company's 50-day simple moving average is $234.97 and its two-hundred day simple moving average is $220.11. </p><p>American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.36. The business had revenue of $15.80 billion for the quarter, compared to analysts' expectations of $15.79 billion. American Express had a return on equity of 32.46% and a net margin of 14.50%. The business's revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $2.40 EPS. Research analysts anticipate that American Express will post 12.98 EPS for the current fiscal year. </p><h2>American Express Increases Dividend</h2><p>The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, July 5th. This is an increase from American Express's previous quarterly dividend of $0.10. American Express's dividend payout ratio (DPR) is 23.06%. </p><h2>About American Express</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than American Express</li><li>The Most Important Warren Buffett Stock for Investors: His Own</li><li>Automaker's Bold Move to an EV Future: Is It Time to Buy Stock?</li><li>How to invest in marijuana stocks in 7 steps </li><li>Massive Breakout: This ETF Signals Big Gains for Small-Cap Stocks</li><li>Learn Technical Analysis Skills to Master the Stock Market</li><li>Major Gaming Stock to Watch: Why It's a Safe Bet Now</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFYUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFYUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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<p>Concurrent Investment Advisors LLC has sold 5,078 shares of American Express, reducing its holdings by 36.2%. Other investors have also made changes to their positions in the company. CEO Stephen J. Squeri and insider Jennifer Skyler have recently sold shares. Analysts have set new price targets for American Express, with an average rating of "Hold" and a consensus price target of $226.18. American Express stock is currently up 2.3%.</p>

Concurrent Investment Advisors LLC Sells 5,078 Shares of American Express (NYSE:AXP)