One Wealth Advisors LLC Buys 1,062 Shares of American Express Company (NYSE:AXP)

One Wealth Advisors LLC boosted its holdings in shares of American Express Company (NYSE:AXP - Free Report) by 83.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,342 shares of the payment services company's stock after buying an additional 1,062 shares during the period. One Wealth Advisors LLC's holdings in American Express were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Investment Management Corp VA ADV purchased a new position in American Express during the fourth quarter worth approximately $29,000. MorganRosel Wealth Management LLC acquired a new stake in shares of American Express in the first quarter valued at approximately $29,000. Murphy & Mullick Capital Management Corp acquired a new stake in American Express during the fourth quarter worth $33,000. Sellwood Investment Partners LLC purchased a new position in shares of American Express during the fourth quarter worth $33,000. Finally, Nexus Investment Management ULC purchased a new position in shares of American Express during the first quarter worth $34,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Express

In other American Express news, insider Howard Grosfield sold 9,450 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 9,402 shares of the company's stock, valued at approximately $2,590,251. This represents a 50.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the sale, the insider directly owned 10,919 shares in the company, valued at $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. Insiders own 0.20% of the company's stock.

American Express Stock Up 1.1%

Shares of American Express stock traded up $3.35 on Friday, hitting $311.60. 2,149,317 shares of the company traded hands, compared to its average volume of 2,726,029. 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 Company has a 12-month low of $220.43 and a 12-month high of $329.14. The company has a 50-day moving average price of $304.91 and a 200 day moving average price of $291.36. The company has a market cap of $216.84 billion, a PE ratio of 21.87, a PEG ratio of 1.65 and a beta of 1.25.

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 for the quarter, topping analysts' consensus estimates of $3.86 by $0.22. The firm had revenue of $17.86 billion during the quarter, compared to analyst estimates of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. The business's revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.49 EPS. Sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays lifted their price target on American Express from $249.00 to $297.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on American Express from $260.00 to $342.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft increased their price target on American Express from $371.00 to $375.00 and gave the stock a "buy" rating in a research note on Monday. Morgan Stanley raised their price objective on American Express from $250.00 to $311.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of American Express in a research note on Monday, July 14th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $311.05.

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.