OneAscent Financial Services LLC boosted its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 144.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,290 shares of the payment services company's stock after purchasing an additional 3,713 shares during the period. OneAscent Financial Services LLC's holdings in American Express were worth $1,694,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock valued at $1,924,000 after buying an additional 1,273 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of American Express by 24.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,633 shares of the payment services company's stock worth $781,000 after purchasing an additional 525 shares during the last quarter. GHE LLC increased its stake in shares of American Express by 2.7% during the 4th quarter. GHE LLC now owns 17,021 shares of the payment services company's stock worth $5,052,000 after purchasing an additional 447 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of American Express by 24.1% during the 4th quarter. Proficio Capital Partners LLC now owns 3,409 shares of the payment services company's stock worth $1,012,000 after purchasing an additional 661 shares during the last quarter. Finally, Washington Trust Bank increased its stake in shares of American Express by 43.3% during the 4th quarter. Washington Trust Bank now owns 2,482 shares of the payment services company's stock worth $737,000 after purchasing an additional 750 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
AXP has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of American Express from $360.00 to $371.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Citigroup reiterated a "neutral" rating and issued a $327.00 target price (up from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Wells Fargo & Company set a $327.00 target price on shares of American Express in a research note on Wednesday, July 2nd. Royal Bank Of Canada reissued an "outperform" rating on shares of American Express in a report on Monday, July 14th. Finally, Bank of America raised shares of American Express from a "neutral" rating to a "buy" rating and reduced their price target for the company from $325.00 to $274.00 in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $307.68.
View Our Latest Stock Report on AXP
Insider Buying and Selling at American Express
In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total value of $799,008.54. Following the completion of the sale, the insider owned 10,919 shares in the company, valued at $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Howard Grosfield sold 9,450 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the completion of the sale, the insider owned 9,402 shares of the company's stock, valued at approximately $2,590,251. This represents a 50.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.
American Express Stock Down 2.2%
Shares of NYSE:AXP opened at $308.38 on Friday. The stock has a market cap of $216.05 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 1.50 and a beta of 1.25. The company has a 50 day moving average of $304.19 and a 200-day moving average of $291.09. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. American Express Company has a one year low of $220.43 and a one year high of $329.14.
American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.86 by $0.22. American Express had a net margin of 15.31% and a return on equity of 32.48%. The firm had revenue of $17.86 billion during the quarter, compared to analysts' expectations of $17.70 billion. During the same quarter in the previous year, the company earned $3.49 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current year.
American Express Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, July 3rd. American Express's payout ratio is 23.02%.
About American Express
(
Free Report)
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.
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