Integrity Alliance LLC. bought a new position in American Express Company (NYSE:AXP) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,151 shares of the payment services company's stock, valued at approximately $579,000.
Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock worth $1,924,000 after buying an additional 1,273 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of American Express by 24.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,633 shares of the payment services company's stock worth $781,000 after buying an additional 525 shares during the last quarter. GHE LLC increased its stake in American Express by 2.7% in the fourth quarter. GHE LLC now owns 17,021 shares of the payment services company's stock valued at $5,052,000 after purchasing an additional 447 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in American Express in the fourth quarter valued at approximately $523,000. Finally, ProShare Advisors LLC increased its stake in American Express by 29.0% in the fourth quarter. ProShare Advisors LLC now owns 267,445 shares of the payment services company's stock valued at $79,375,000 after purchasing an additional 60,066 shares in the last quarter. 84.33% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of American Express from $250.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Monness Crespi & Hardt cut shares of American Express from a "buy" rating to a "neutral" rating in a report on Tuesday, July 15th. Barclays upped their price target on shares of American Express from $249.00 to $297.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Truist Financial upped their price target on shares of American Express from $335.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of American Express in a report on Monday, July 14th. Eight investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $313.45.
Get Our Latest Analysis on American Express
American Express Stock Performance
Shares of AXP opened at $325.48 on Friday. American Express Company has a 12 month low of $220.43 and a 12 month high of $332.46. The firm has a fifty day simple moving average of $313.29 and a 200 day simple moving average of $291.93. The stock has a market capitalization of $226.50 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.75 and a beta of 1.28. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80.
American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, topping the consensus estimate of $3.86 by $0.22. American Express had a net margin of 14.78% and a return on equity of 32.87%. The business had revenue of $17.86 billion during the quarter, compared to analysts' expectations of $17.70 billion. During the same quarter in the prior year, the company posted $3.49 earnings per share. The firm's revenue was up 9.3% on a year-over-year basis. Research analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.
American Express Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 3rd were issued a dividend of $0.82 per share. The ex-dividend date was Thursday, July 3rd. This represents a $3.28 annualized dividend and a yield of 1.0%. American Express's dividend payout ratio is presently 23.02%.
Insider Buying and Selling at American Express
In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. This trade represents a 54.74% 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, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the sale, the insider owned 123,613 shares of the company's stock, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock valued at $85,261,270 in the last three months. 0.20% of the stock is currently owned by insiders.
American Express Company Profile
(
Free Report)
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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