1,557 Shares in American Express Company (NYSE:AXP) Bought by North Capital Inc.

North Capital Inc. bought a new stake in American Express Company (NYSE:AXP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,557 shares of the payment services company's stock, valued at approximately $419,000.

Other large investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new position in shares of American Express during the 4th quarter worth about $29,000. MorganRosel Wealth Management LLC bought a new position in American Express during the first quarter worth about $29,000. Sellwood Investment Partners LLC acquired a new position in American Express during the fourth quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp bought a new stake in American Express in the fourth quarter valued at approximately $33,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of American Express in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Trading Up 0.8%

Shares of AXP stock traded up $2.75 during trading hours on Thursday, hitting $328.36. 1,541,782 shares of the company were exchanged, compared to its average volume of 2,843,582. The company has a 50 day simple moving average of $293.14 and a two-hundred day simple moving average of $289.48. The firm has a market cap of $230.05 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.58 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $329.07.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly 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 business had revenue of $16.97 billion during the quarter, compared to analysts' expectations of $17.04 billion. During the same period last year, the company posted $3.33 earnings per share. Equities analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, July 3rd. American Express's dividend payout ratio (DPR) is currently 22.91%.

Insider Buying and Selling

In other American Express news, insider Howard Grosfield sold 9,450 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider owned 9,402 shares of the company's stock, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the completion of the transaction, the insider owned 10,919 shares in the company, valued at approximately $2,889,822.54. This 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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on AXP. Redburn Atlantic raised American Express from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $270.00 to $255.00 in a report on Wednesday, April 23rd. The Goldman Sachs Group dropped their price target on American Express from $367.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Wells Fargo & Company set a $327.00 price target on shares of American Express in a research report on Wednesday. William Blair restated an "outperform" rating on shares of American Express in a research report on Wednesday. Finally, Truist Financial increased their target price on American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $295.25.

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.