American Express Company (NYSE:AXP) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of American Express Company (NYSE:AXP - Free Report) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,458 shares of the payment services company's stock after acquiring an additional 5,693 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in American Express were worth $25,088,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AXP. Investment Management Corp VA ADV acquired a new stake in shares of American Express during the fourth quarter valued at $29,000. Sellwood Investment Partners LLC acquired a new stake in shares of American Express during the fourth quarter valued at $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of American Express during the fourth quarter valued at $33,000. Nexus Investment Management ULC acquired a new stake in shares of American Express during the first quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of American Express during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 84.33% of the company's stock.

Insider Activity at American Express

In other American Express news, insider Howard Grosfield sold 9,450 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 9,402 shares in the company, valued at $2,590,251. This trade represents a 50.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Glenda G. Mcneal sold 3,019 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 10,919 shares of the company's stock, valued at approximately $2,889,822.54. This trade represents a 21.66% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

American Express Stock Performance

Shares of NYSE:AXP opened at $317.48 on Friday. The company has a market cap of $222.43 billion, a P/E ratio of 22.17, a PEG ratio of 1.54 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. American Express Company has a one year low of $220.43 and a one year high of $326.28. The business's 50-day simple moving average is $288.89 and its 200 day simple moving average is $288.96.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Thursday, April 17th. The payment services company reported $3.64 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 return on equity of 32.48% and a net margin of 15.31%. During the same period last year, the business posted $3.33 EPS. On average, sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AXP. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $310.00 price objective on shares of American Express in a research note on Monday, April 21st. Truist Financial increased their target price on American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Argus downgraded American Express from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 14th. The Goldman Sachs Group reduced their target price on American Express from $367.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. increased their target price on American Express from $244.00 to $260.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $296.05.

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.

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