Journey Strategic Wealth LLC Acquires 7,052 Shares of American Express Company (NYSE:AXP)

Journey Strategic Wealth LLC lifted its position in American Express Company (NYSE:AXP - Free Report) by 68.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,401 shares of the payment services company's stock after acquiring an additional 7,052 shares during the period. Journey Strategic Wealth LLC's holdings in American Express were worth $4,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AXP. Zions Bancorporation N.A. grew its stake in American Express by 2.4% during the 4th quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company's stock worth $448,000 after purchasing an additional 35 shares in the last quarter. Arista Wealth Management LLC raised its stake in American Express by 1.7% during the 4th quarter. Arista Wealth Management LLC now owns 2,275 shares of the payment services company's stock valued at $675,000 after acquiring an additional 37 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in American Express by 2.5% during the 1st quarter. Revolve Wealth Partners LLC now owns 1,620 shares of the payment services company's stock valued at $436,000 after acquiring an additional 40 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of American Express by 0.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 5,236 shares of the payment services company's stock worth $1,362,000 after buying an additional 40 shares in the last quarter. Finally, Arcus Capital Partners LLC raised its stake in shares of American Express by 0.3% during the 1st quarter. Arcus Capital Partners LLC now owns 11,623 shares of the payment services company's stock worth $3,127,000 after buying an additional 40 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXP has been the topic of a number of research reports. BTIG Research set a $277.00 price target on American Express and gave the stock a "sell" rating in a report on Monday, July 14th. Morgan Stanley lifted their target price on American Express from $250.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Barclays raised their price objective on American Express from $249.00 to $297.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. William Blair reaffirmed an "outperform" rating on shares of American Express in a research report on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on American Express from $371.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $311.05.

Insider Buying and Selling at American Express

In other news, insider Glenda G. Mcneal sold 3,019 shares of the business's stock in a transaction 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 transaction, the insider directly owned 10,919 shares in the company, valued at $2,889,822.54. The trade was a 21.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Howard Grosfield sold 9,450 shares of the business's stock in a transaction on 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 transaction, the insider owned 9,402 shares in the company, valued at approximately $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.

American Express Stock Performance

Shares of NYSE:AXP traded up $3.35 during trading on Friday, hitting $311.60. 2,149,317 shares of the company traded hands, compared to its average volume of 2,726,029. The stock has a market capitalization of $216.84 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.65 and a beta of 1.25. The business's fifty day moving average is $304.91 and its 200-day moving average is $291.36. American Express Company has a one year low of $220.43 and a one year high of $329.14. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.80.

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

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a $0.82 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.05%. American Express's dividend payout ratio (DPR) is 23.02%.

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.