Broderick Brian C Purchases Shares of 2,457 American Express Company (NYSE:AXP)

Broderick Brian C purchased a new stake in American Express Company (NYSE:AXP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,457 shares of the payment services company's stock, valued at approximately $661,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mezzasalma Advisors LLC raised its holdings in American Express by 8.1% in the first quarter. Mezzasalma Advisors LLC now owns 1,070 shares of the payment services company's stock valued at $288,000 after acquiring an additional 80 shares in the last quarter. Clarius Group LLC raised its holdings in shares of American Express by 60.5% during the first quarter. Clarius Group LLC now owns 5,101 shares of the payment services company's stock worth $1,372,000 after purchasing an additional 1,922 shares during the period. Hemenway Trust Co LLC acquired a new stake in shares of American Express during the first quarter worth $377,000. Rakuten Securities Inc. raised its holdings in shares of American Express by 68.6% during the first quarter. Rakuten Securities Inc. now owns 1,000 shares of the payment services company's stock worth $269,000 after purchasing an additional 407 shares during the period. Finally, Insigneo Advisory Services LLC raised its holdings in shares of American Express by 2.6% during the first quarter. Insigneo Advisory Services LLC now owns 10,429 shares of the payment services company's stock worth $2,806,000 after purchasing an additional 264 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Express

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the company's stock in a transaction dated 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 now directly owns 10,919 shares of the company's stock, valued at approximately $2,889,822.54. This represents a 21.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the company's stock in a transaction dated 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 now directly owns 9,402 shares of the company's stock, valued at $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

American Express Price Performance

AXP traded up $3.73 on Thursday, reaching $296.54. The company had a trading volume of 3,690,060 shares, compared to its average volume of 2,824,396. The company has a fifty day moving average of $281.42 and a 200-day moving average of $288.84. The company has a market capitalization of $207.75 billion, a P/E ratio of 20.71, a PEG ratio of 1.44 and a beta of 1.25. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. American Express Company has a one year low of $220.43 and a one year high of $326.28.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $0.17. The firm had revenue of $16.97 billion during the quarter, compared to analyst estimates of $17.04 billion. American Express had a net margin of 15.31% and a return on equity of 32.48%. During the same quarter in the prior year, the firm posted $3.33 EPS. As a group, equities research analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

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 given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.11%. American Express's dividend payout ratio is presently 22.91%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AXP shares. Baird R W raised shares of American Express from a "strong sell" rating to a "hold" rating in a report on Friday, March 14th. Royal Bank Of Canada reissued an "outperform" rating and set a $310.00 target price on shares of American Express in a report on Monday, April 21st. Robert W. Baird raised shares of American Express from an "underperform" rating to a "neutral" rating and set a $265.00 target price on the stock in a report on Friday, March 14th. Citigroup lowered their price target on shares of American Express from $320.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Finally, Argus lowered shares of American Express from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $296.05.

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.