American Express Company (NYSE:AXP) Shares Purchased by OneAscent Family Office LLC

OneAscent Family Office LLC grew its position in American Express Company (NYSE:AXP - Free Report) by 81.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,750 shares of the payment services company's stock after purchasing an additional 1,231 shares during the period. OneAscent Family Office LLC's holdings in American Express were worth $740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Investment Management Corp VA ADV acquired a new stake in American Express during the 4th quarter worth about $29,000. MorganRosel Wealth Management LLC purchased a new position in American Express in the 1st quarter valued at approximately $29,000. Sellwood Investment Partners LLC purchased a new position in American Express in the 4th quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of American Express during the 4th quarter valued at $33,000. Finally, Nexus Investment Management ULC purchased a new position in American Express in the first quarter worth $34,000. Institutional investors and hedge funds own 84.33% of the company's stock.

Insiders Place Their Bets

In other news, insider Howard Grosfield sold 9,450 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was 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 of the company's stock, valued at $2,590,251. This represents a 50.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the 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 completion of the sale, the insider owned 10,919 shares of the company's stock, valued at $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AXP. Wells Fargo & Company set a $327.00 price target on shares of American Express in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price target on shares of American Express from $260.00 to $342.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Keefe, Bruyette & Woods upped their price objective on shares of American Express from $360.00 to $371.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Monness Crespi & Hardt cut shares of American Express from a "buy" rating to a "neutral" rating in a research report on Tuesday, July 15th. Finally, Citigroup reiterated a "neutral" rating and set a $327.00 price target (up from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $311.05.

American Express Trading Up 1.1%

NYSE:AXP traded up $3.39 on Wednesday, reaching $307.53. The stock had a trading volume of 768,687 shares, compared to its average volume of 2,831,272. The firm's fifty day moving average is $304.19 and its two-hundred day moving average is $291.04. The company has a market cap of $215.45 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.62 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 company has a debt-to-equity ratio of 1.80, a current ratio of 1.71 and a quick ratio of 1.69.

American Express (NYSE:AXP - Get Free Report) last announced 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 firm had revenue of $17.86 billion for the quarter, compared to analysts' expectations of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the business posted $3.49 earnings per share. Equities analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently declared 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. This represents a $3.28 dividend on an annualized basis and a yield of 1.07%. 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.