Concurrent Investment Advisors LLC Buys 1,074 Shares of American Express Company (NYSE:AXP)

Concurrent Investment Advisors LLC boosted its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 5.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,600 shares of the payment services company's stock after purchasing an additional 1,074 shares during the period. Concurrent Investment Advisors LLC's holdings in American Express were worth $5,811,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. World Investment Advisors grew its stake in shares of American Express by 9.2% during the first quarter. World Investment Advisors now owns 6,615 shares of the payment services company's stock valued at $1,780,000 after purchasing an additional 558 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. lifted its holdings in American Express by 4.8% during the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 30,925 shares of the payment services company's stock worth $8,320,000 after buying an additional 1,425 shares in the last quarter. Wayfinding Financial LLC bought a new position in American Express in the 1st quarter valued at $189,000. Strategic Blueprint LLC increased its stake in shares of American Express by 2.9% in the 1st quarter. Strategic Blueprint LLC now owns 3,021 shares of the payment services company's stock valued at $813,000 after buying an additional 86 shares during the period. Finally, Brookstone Capital Management increased its stake in shares of American Express by 3.6% in the 1st quarter. Brookstone Capital Management now owns 84,916 shares of the payment services company's stock valued at $22,847,000 after buying an additional 2,963 shares during the period. Institutional investors own 84.33% of the company's stock.

Insider Transactions at American Express

In related news, insider Glenda G. Mcneal sold 3,019 shares of American Express stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the completion of the transaction, the insider owned 10,919 shares in the company, valued at approximately $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of American Express stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the transaction, the insider owned 9,402 shares of the company's stock, valued at $2,590,251. This represents 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 corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Baird R W raised American Express from a "strong sell" rating to a "hold" rating in a research note on Friday, March 14th. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and cut their price target for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Monness Crespi & Hardt lifted their price objective on shares of American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Truist Financial lifted their price target on shares of American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company set a $327.00 price objective on shares of American Express in a research report on Wednesday. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $295.25.

American Express Stock Up 0.8%

Shares of NYSE AXP traded up $2.75 during midday trading on Friday, reaching $328.36. The company's stock had a trading volume of 1,541,782 shares, compared to its average volume of 2,845,008. The stock has a 50 day simple moving average of $295.62 and a 200-day simple moving average of $289.85. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $230.05 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.60 and a beta of 1.25. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $329.14.

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

American Express Announces Dividend

The company 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. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 annualized dividend and a dividend yield of 1.00%. American Express's dividend payout ratio is presently 22.91%.

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.