CFC Planning Co LLC Has $4.10 Million Holdings in American Express Company (NYSE:AXP)

CFC Planning Co LLC raised its stake in American Express Company (NYSE:AXP - Free Report) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,220 shares of the payment services company's stock after purchasing an additional 1,392 shares during the quarter. American Express comprises about 4.5% of CFC Planning Co LLC's investment portfolio, making the stock its 4th biggest position. CFC Planning Co LLC's holdings in American Express were worth $4,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Investment Management Corp VA ADV bought a new stake in American Express in the fourth quarter valued at about $29,000. MorganRosel Wealth Management LLC bought a new stake in shares of American Express during the 1st quarter valued at about $29,000. Sellwood Investment Partners LLC acquired a new stake in American Express during the fourth quarter worth about $33,000. Murphy & Mullick Capital Management Corp acquired a new position in American Express in the fourth quarter valued at approximately $33,000. Finally, Curio Wealth LLC acquired a new stake in shares of American Express during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

American Express Stock Down 1.8%

Shares of NYSE AXP traded down $5.75 during midday trading on Friday, reaching $319.49. The company's stock had a trading volume of 2,090,080 shares, compared to its average volume of 2,847,673. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $329.14. The stock has a 50 day simple moving average of $299.95 and a 200-day simple moving average of $290.57. The stock has a market capitalization of $223.83 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.58 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 (NYSE:AXP - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating 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 company had revenue of $16.97 billion during the quarter, compared to analysts' expectations of $17.04 billion. During the same quarter last year, the company earned $3.33 EPS. Equities research analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, July 3rd. American Express's dividend payout ratio is currently 22.91%.

Insider Activity at American Express

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction 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 completion of the sale, the insider owned 10,919 shares in the company, valued at $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 directly owned 9,402 shares in the company, valued at approximately $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. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on AXP. Bank of America raised shares of American Express from a "neutral" rating to a "buy" rating and reduced their price target for the company from $325.00 to $274.00 in a report on Friday, April 11th. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods lifted their price target on American Express from $360.00 to $371.00 and gave the company an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on American Express from $260.00 to $342.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $310.00 target price on shares of American Express in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, American Express 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.