Kingsman Wealth Management Inc. Takes Position in American Express Company (NYSE:AXP)

Kingsman Wealth Management Inc. bought a new position in American Express Company (NYSE:AXP - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,112 shares of the payment services company's stock, valued at approximately $299,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in American Express by 24.4% during the 4th 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 period. Bank Pictet & Cie Europe AG raised its position 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 purchasing an additional 525 shares during the period. GHE LLC raised its position in American Express by 2.7% in the 4th quarter. GHE LLC now owns 17,021 shares of the payment services company's stock valued at $5,052,000 after buying an additional 447 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of American Express during the 4th quarter worth $68,000. Finally, Guardian Partners Inc. bought a new position in American Express in the 4th quarter worth about $8,698,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Insider Activity

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the sale, the insider directly owned 10,919 shares of the company's stock, valued at approximately $2,889,822.54. This trade represents a 21.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the business's stock in a transaction 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 sale, the insider directly owned 9,402 shares in the company, valued at $2,590,251. This trade 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 company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target on American Express from $360.00 to $371.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. BTIG Research set a $277.00 price objective on American Express and gave the stock a "sell" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. raised their target price on American Express from $260.00 to $342.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Wells Fargo & Company set a $327.00 price objective on American Express in a research note on Wednesday, July 2nd. Finally, Barclays lifted their price objective on American Express from $249.00 to $297.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $311.05.

American Express Price Performance

Shares of AXP stock traded down $4.76 during trading hours on Monday, hitting $303.19. 2,650,863 shares of the company's stock were exchanged, compared to its average volume of 2,840,389. The company has a market capitalization of $212.41 billion, a PE ratio of 21.28, a PEG ratio of 1.50 and a beta of 1.25. American Express Company has a 12-month low of $220.43 and a 12-month high of $329.14. The business's 50 day simple moving average is $304.19 and its 200-day simple moving average is $291.04. The company has a current ratio of 1.71, a quick ratio of 1.69 and a debt-to-equity ratio of 1.80.

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

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, July 3rd. American Express's dividend payout ratio (DPR) is 23.02%.

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.