CW Advisors LLC Has $13.59 Million Holdings in American Express Company $AXP

Key Points

• CW Advisors LLC increased its stake in American Express by 19.5%, owning 50,311 shares worth approximately $13.6 million following the acquisition of an additional 8,216 shares.
• Insider sales have been notable, with key executives like Laureen Seeger and Anna Marrs selling significant shares, resulting in a 65.38% decrease in Seeger's position.
• American Express recently reported an EPS of $4.08 for the quarter, exceeding analysts' expectations, and also declared a quarterly dividend of $0.82 per share.

CW Advisors LLC raised its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,311 shares of the payment services company's stock after purchasing an additional 8,216 shares during the quarter. CW Advisors LLC's holdings in American Express were worth $13,592,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in AXP. Nuveen LLC bought a new position in American Express in the first quarter worth about $1,454,667,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in American Express by 463.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,357,487 shares of the payment services company's stock valued at $1,293,259,000 after acquiring an additional 3,583,959 shares during the period. Wellington Management Group LLP raised its stake in shares of American Express by 13.7% during the 1st quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company's stock worth $4,849,777,000 after buying an additional 2,168,445 shares during the period. GAMMA Investing LLC raised its stake in American Express by 27,625.2% in the 1st quarter. GAMMA Investing LLC now owns 2,162,846 shares of the payment services company's stock valued at $581,914,000 after purchasing an additional 2,155,045 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in American Express by 346.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,021,873 shares of the payment services company's stock valued at $600,072,000 after purchasing an additional 1,568,747 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

Shares of AXP traded up $1.49 during mid-day trading on Wednesday, hitting $322.09. The company's stock had a trading volume of 915,423 shares, compared to its average volume of 2,897,385. The firm has a 50-day moving average price of $309.48 and a 200 day moving average price of $289.89. The stock has a market capitalization of $224.13 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.67 and a beta of 1.28. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.61 and a quick ratio of 1.60. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $329.14.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.86 by $0.22. The company had revenue of $17.86 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $3.49 earnings per share. On average, research analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were paid a $0.82 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. American Express's payout ratio is 23.02%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on American Express from $360.00 to $371.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Truist Financial lifted their price target on American Express from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley boosted their target price on American Express from $250.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Royal Bank Of Canada reissued an "outperform" rating on shares of American Express in a report on Monday, July 14th. Finally, BTIG Research set a $277.00 price objective on American Express and gave the company a "sell" rating in a research report on Monday, July 14th. Eight analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, American Express has an average rating of "Hold" and an average target price of $311.05.

Insider Transactions at American Express

In other news, insider Glenda G. Mcneal sold 50,000 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the completion of the sale, the insider owned 10,957 shares in the company, valued at approximately $3,391,191.50. This represents a 82.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laureen Seeger sold 16,998 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total value of $5,011,520.34. Following the sale, the insider owned 9,001 shares of the company's stock, valued at approximately $2,653,764.83. The trade was a 65.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,219 shares of company stock worth $40,555,901. 0.20% of the stock is owned by corporate insiders.

American Express Company 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.