Boston Family Office LLC Purchases 1,800 Shares of American Express Company $AXP

Key Points

• Boston Family Office LLC increased its stake in American Express by 15.8% in Q1, owning 13,200 shares valued at $3.55 million at the end of the reporting period.
• American Express reported $4.08 EPS for the last quarter, exceeding analysts' expectations of $3.86, along with a revenue of $17.86 billion, up 9.3% year-over-year.
• The company recently declared a quarterly dividend of $0.82 per share, yielding 1.1% with a dividend payout ratio of 23.02%.

Boston Family Office LLC lifted its stake in shares of American Express Company (NYSE:AXP - Free Report) by 15.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,200 shares of the payment services company's stock after purchasing an additional 1,800 shares during the quarter. Boston Family Office LLC's holdings in American Express were worth $3,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new stake in shares of American Express during the 4th quarter valued at $29,000. MorganRosel Wealth Management LLC bought a new stake in shares of American Express during the 1st quarter valued at $29,000. Nexus Investment Management ULC bought a new position in American Express in the 1st quarter worth about $34,000. Hughes Financial Services LLC purchased a new stake in shares of American Express in the 1st quarter valued at about $35,000. Finally, IAG Wealth Partners LLC purchased a new stake in shares of American Express in the 1st quarter valued at about $40,000. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on AXP shares. Barclays raised their price target on American Express from $249.00 to $297.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods boosted their price target on shares of American Express from $360.00 to $371.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. BTIG Research set a $277.00 price target on shares of American Express and gave the stock a "sell" rating in a research note on Monday, July 14th. William Blair reissued an "outperform" rating on shares of American Express in a research note on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on American Express from $371.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, American Express presently has an average rating of "Hold" and a consensus price target of $311.05.

Insider Buying and Selling at American Express

In other American Express news, insider Laureen Seeger sold 61,721 shares of American Express stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total value of $18,360,145.87. Following the completion of the sale, the insider owned 9,001 shares of the company's stock, valued at approximately $2,677,527.47. This trade represents a 87.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anna Marrs sold 5,500 shares of American Express stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the sale, the insider directly owned 20,311 shares of the company's stock, valued at approximately $6,312,049.47. The trade was a 21.31% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,219 shares of company stock worth $40,555,901. 0.20% of the stock is owned by insiders.

American Express Trading Down 0.3%

NYSE AXP traded down $0.9370 on Tuesday, hitting $306.1130. The company's stock had a trading volume of 2,215,219 shares, compared to its average volume of 2,366,112. American Express Company has a 52-week low of $220.43 and a 52-week high of $329.14. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. The company's 50-day simple moving average is $307.33 and its 200 day simple moving average is $289.90. The firm has a market cap of $213.02 billion, a P/E ratio of 21.48, a PEG ratio of 1.63 and a beta of 1.28.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.86 by $0.22. The business had revenue of $17.86 billion during the quarter, compared to analysts' expectations of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.The business's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $3.49 EPS. Research analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.82 per share. The ex-dividend date was Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.1%. American Express's payout ratio is presently 23.02%.

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.