U.S. Capital Wealth Advisors LLC Increases Holdings in American Express Company (NYSE:AXP)

U.S. Capital Wealth Advisors LLC raised its position in American Express Company (NYSE:AXP - Free Report) by 15.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,787 shares of the payment services company's stock after purchasing an additional 1,199 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in American Express were worth $2,364,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of American Express by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 11,752,084 shares of the payment services company's stock valued at $3,484,312,000 after buying an additional 268,572 shares during the period. Northern Trust Corp increased its stake in shares of American Express by 16.3% in the fourth quarter. Northern Trust Corp now owns 6,825,135 shares of the payment services company's stock valued at $2,025,632,000 after buying an additional 955,811 shares during the period. Norges Bank acquired a new stake in shares of American Express in the fourth quarter valued at about $1,785,867,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of American Express by 8.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,015,269 shares of the payment services company's stock valued at $1,488,482,000 after buying an additional 408,283 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of 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 buying an additional 3,583,959 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Howard Grosfield sold 9,450 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the completion of the transaction, the insider directly owned 9,402 shares in the company, valued at $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the transaction, the insider owned 10,919 shares of the company's stock, valued at approximately $2,889,822.54. The trade was a 21.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

American Express Stock Performance

Shares of NYSE AXP traded down $5.75 during mid-day trading on Friday, hitting $319.49. The company had a trading volume of 2,084,941 shares, compared to its average volume of 2,843,769. The company has a market capitalization of $223.83 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.54 and a beta of 1.25. American Express Company has a 1 year low of $220.43 and a 1 year high of $329.14. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The stock's 50-day moving average price is $299.95 and its 200-day moving average price is $290.57.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.47 by $0.17. American Express had a return on equity of 32.48% and a net margin of 15.31%. The business had revenue of $16.97 billion during the quarter, compared to analysts' expectations of $17.04 billion. During the same period in the previous year, the business earned $3.33 earnings per share. On average, sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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 given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, July 3rd. American Express's payout ratio is 22.91%.

Wall Street Analysts Forecast Growth

AXP has been the subject of several recent research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $310.00 price target on shares of American Express in a research note on Monday, April 21st. Monness Crespi & Hardt raised their target price on American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Robert W. Baird raised American Express from an "underperform" rating to a "neutral" rating and set a $265.00 target price for the company in a research note on Friday, March 14th. The Goldman Sachs Group decreased their target price on American Express from $367.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, Truist Financial raised their target price on American Express from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $305.74.

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.