Stenger Family Office LLC Makes New Investment in American Express (NYSE:AXP)

Stenger Family Office LLC acquired a new position in American Express (NYSE:AXP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,817 shares of the payment services company's stock, valued at approximately $2,023,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sellwood Investment Partners LLC bought a new stake in shares of American Express during the fourth quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp bought a new stake in American Express in the 4th quarter worth approximately $33,000. Curio Wealth LLC bought a new stake in shares of American Express in the fourth quarter worth $37,000. Financial Life Planners bought a new position in shares of American Express in the 4th quarter worth approximately $38,000. Finally, Sierra Ocean LLC bought a new position in American Express in the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Insider Activity

In other American Express news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. This represents a 38.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the sale, the insider now directly owns 13,500 shares in the company, valued at $4,308,795. This represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AXP. Truist Financial decreased their target price on shares of American Express from $350.00 to $343.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Monness Crespi & Hardt upped their target price on shares of American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Monday. Citigroup dropped their price objective on American Express from $320.00 to $300.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. William Blair reissued an "outperform" rating on shares of American Express in a report on Monday, January 27th. Finally, The Goldman Sachs Group cut their target price on shares of American Express from $367.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $291.57.

American Express Stock Performance

Shares of NYSE AXP traded down $11.13 during midday trading on Monday, reaching $240.18. 1,562,124 shares of the stock were exchanged, compared to its average volume of 2,862,884. The firm has a 50-day simple moving average of $272.87 and a two-hundred day simple moving average of $287.84. American Express has a twelve month low of $220.43 and a twelve month high of $326.28. The firm has a market cap of $168.73 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.41 and a beta of 1.16. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.17. The business had revenue of $16.97 billion for the quarter, compared to the consensus estimate of $17.04 billion. American Express had a net margin of 15.36% and a return on equity of 32.65%. During the same period last year, the firm posted $3.33 earnings per share. As a group, analysts anticipate that American Express will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from American Express's previous quarterly dividend of $0.70. American Express's payout ratio is presently 22.91%.

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.