Inscription Capital LLC Invests $446,000 in American Express Company (NYSE:AXP)

Inscription Capital LLC bought a new stake in shares of American Express Company (NYSE:AXP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,659 shares of the payment services company's stock, valued at approximately $446,000.

Other large investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in shares of American Express during the 4th quarter worth about $29,000. Sellwood Investment Partners LLC acquired a new position in American Express in the 4th quarter worth about $33,000. Murphy & Mullick Capital Management Corp purchased a new position in American Express during the fourth quarter worth approximately $33,000. Curio Wealth LLC acquired a new stake in American Express in the fourth quarter valued at approximately $37,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of American Express in the first quarter valued at approximately $34,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Express news, 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 value of $2,603,475.00. Following the transaction, the insider now owns 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the business'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 transaction of $799,008.54. Following the completion of the sale, the insider now directly owns 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 disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AXP shares. Argus lowered American Express from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $310.00 price objective on shares of American Express in a report on Monday, April 21st. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and dropped their target price for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Citigroup reduced 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, Bank of America upgraded American Express from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $325.00 to $274.00 in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $296.05.

American Express Trading Down 0.5%

Shares of AXP stock opened at $292.70 on Wednesday. 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 twelve month low of $220.43 and a twelve month high of $326.28. The company's 50-day moving average price is $280.75 and its 200-day moving average price is $288.78. The stock has a market cap of $205.06 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.43 and a beta of 1.25.

American Express (NYSE:AXP - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $17.04 billion. During the same period in the previous year, the firm earned $3.33 earnings per share. As a group, equities analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed 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. This represents a $3.28 annualized dividend and a yield of 1.12%. American Express's payout ratio is 22.91%.

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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