Callan Family Office LLC Has $7.48 Million Stake in American Express Company $AXP

Key Points

• Callan Family Office LLC increased its stake in American Express by 86.1%, bringing its total holdings to 23,434 shares valued at $7.48 million.
• Analysts have varied opinions on American Express, with a consensus rating of Hold and an average price target of $323.55.
• American Express is set to pay a quarterly dividend of $0.82 per share on November 10th, representing an annual yield of 1.0%.

Callan Family Office LLC increased its position in shares of American Express Company (NYSE:AXP - Free Report) by 86.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,434 shares of the payment services company's stock after buying an additional 10,842 shares during the period. Callan Family Office LLC's holdings in American Express were worth $7,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. TFR Capital LLC. increased its holdings in American Express by 19.0% during the second quarter. TFR Capital LLC. now owns 1,673 shares of the payment services company's stock worth $534,000 after buying an additional 267 shares during the last quarter. Leo Wealth LLC boosted its position in American Express by 21.8% during the second quarter. Leo Wealth LLC now owns 5,551 shares of the payment services company's stock worth $1,771,000 after purchasing an additional 992 shares during the period. US Bancorp DE boosted its position in American Express by 2.7% during the second quarter. US Bancorp DE now owns 459,936 shares of the payment services company's stock worth $146,711,000 after purchasing an additional 11,981 shares during the period. Baxter Bros Inc. boosted its position in American Express by 5.7% during the second quarter. Baxter Bros Inc. now owns 83,173 shares of the payment services company's stock worth $26,531,000 after purchasing an additional 4,521 shares during the period. Finally, Fulton Breakefield Broenniman LLC boosted its position in American Express by 0.5% during the second quarter. Fulton Breakefield Broenniman LLC now owns 46,840 shares of the payment services company's stock worth $14,941,000 after purchasing an additional 220 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on AXP shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of American Express from $371.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. BTIG Research set a $277.00 price objective on shares of American Express and gave the stock a "sell" rating in a research report on Monday, July 14th. Monness Crespi & Hardt cut shares of American Express from a "buy" rating to a "neutral" rating in a research report on Tuesday, July 15th. UBS Group boosted their target price on shares of American Express from $330.00 to $340.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, DZ Bank cut shares of American Express from a "hold" rating to a "sell" rating in a research report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $323.55.

American Express Trading Up 0.1%

Shares of American Express stock opened at $324.09 on Friday. American Express Company has a 52-week low of $220.43 and a 52-week high of $349.19. The firm has a 50-day moving average of $321.72 and a 200-day moving average of $299.74. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61. The stock has a market cap of $225.53 billion, a PE ratio of 22.74, a PEG ratio of 1.72 and a beta of 1.29.

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

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, October 10th. American Express's dividend payout ratio is presently 23.02%.

Insider Activity

In other American Express news, insider Anna Marrs sold 5,500 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the sale, the insider directly owned 20,311 shares in the company, valued at $6,312,049.47. This represents a 21.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the sale, the insider owned 123,613 shares in the company, valued at $40,343,574.81. The trade was a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 269,996 shares of company stock valued at $85,261,270. Company insiders own 0.20% of the company's stock.

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.

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