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Mutual Advisors LLC Acquires 804 Shares of American Express Company $AXP

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Mutual Advisors LLC increased its holdings in American Express Company (NYSE:AXP) by 12.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,409 shares of the payment services company's stock after buying an additional 804 shares during the period. Mutual Advisors LLC's holdings in American Express were worth $2,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in American Express by 5.5% in the first quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company's stock worth $183,037,000 after buying an additional 35,295 shares in the last quarter. Pinnacle Financial Partners Inc raised its stake in American Express by 1.4% in the first quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company's stock worth $45,243,000 after buying an additional 2,259 shares in the last quarter. R Squared Ltd bought a new position in American Express in the first quarter worth approximately $509,000. Mirae Asset Global Investments Co. Ltd. raised its stake in American Express by 6.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,458 shares of the payment services company's stock worth $25,088,000 after buying an additional 5,693 shares in the last quarter. Finally, Navis Wealth Advisors LLC raised its stake in American Express by 368.7% in the first quarter. Navis Wealth Advisors LLC now owns 3,548 shares of the payment services company's stock worth $955,000 after buying an additional 2,791 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

Insider Buying and Selling

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the company's 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 sale, the chief executive officer directly owned 92,810 shares of the company's stock, valued at approximately $30,614,306.60. This represents a 54.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Glenda G. Mcneal sold 50,000 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the completion of the sale, the insider directly owned 10,957 shares in the company, valued at approximately $3,391,191.50. The trade was a 82.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 269,996 shares of company stock valued at $85,261,270 in the last 90 days. 0.20% of the stock is currently owned by insiders.

American Express Price Performance

NYSE AXP opened at $323.60 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.61 and a quick ratio of 1.60. The stock's fifty day moving average price is $324.66 and its 200 day moving average price is $301.57. American Express Company has a 1 year low of $220.43 and a 1 year high of $349.19. The company has a market cap of $225.19 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 1.73 and a beta of 1.29.

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

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, October 10th. American Express's dividend payout ratio is presently 23.02%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial upped their price target on American Express from $348.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Monness Crespi & Hardt downgraded American Express from a "buy" rating to a "neutral" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods upped their price target on American Express from $371.00 to $394.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. UBS Group upped their price target on American Express from $330.00 to $340.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on American Express from $371.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $323.60.

Check Out Our Latest Stock Analysis on AXP

About American Express

(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.

Further Reading

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP - Free Report).

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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