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

OneAscent Family Office LLC increased its holdings in shares of 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 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AXP. Covenant Asset Management LLC grew its position in shares of American Express by 13.8% in the first quarter. Covenant Asset Management LLC now owns 2,573 shares of the payment services company's stock valued at $692,000 after purchasing an additional 312 shares during the period. TAGStone Capital Inc. grew its holdings in shares of American Express by 2.5% in the first quarter. TAGStone Capital Inc. now owns 9,704 shares of the payment services company's stock valued at $2,611,000 after purchasing an additional 240 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in American Express by 6.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 43,284 shares of the payment services company's stock worth $11,646,000 after acquiring an additional 2,613 shares in the last quarter. Fountainhead AM LLC lifted its position in shares of American Express by 8.7% during the 1st quarter. Fountainhead AM LLC now owns 1,715 shares of the payment services company's stock worth $461,000 after buying an additional 137 shares during the last quarter. Finally, Prospect Hill Management LLC lifted its position in shares of American Express by 128.6% during the 1st quarter. Prospect Hill Management LLC now owns 2,000 shares of the payment services company's stock worth $538,000 after buying an additional 1,125 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AXP. JPMorgan Chase & Co. increased 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. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and dropped their price target for the stock from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Monness Crespi & Hardt cut American Express from a "buy" rating to a "neutral" rating in a research note on Tuesday, July 15th. Truist Financial upped their target price on American Express from $335.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of American Express in a report on Monday, July 14th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $311.05.

American Express Stock Up 0.9%

NYSE AXP traded up $2.60 during midday trading on Tuesday, hitting $305.57. 1,313,888 shares of the company traded hands, compared to its average volume of 2,834,543. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.71 and a quick ratio of 1.69. The company has a market cap of $214.08 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. The company's 50-day simple moving average is $304.19 and its 200-day simple moving average is $291.04. American Express Company has a 52 week low of $220.43 and a 52 week high of $329.14.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share 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 during the quarter, compared to analyst estimates of $17.70 billion. During the same quarter in the previous year, the business earned $3.49 EPS. American Express's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, July 3rd. American Express's dividend payout ratio is presently 23.02%.

Insider Buying and Selling

In other American Express news, insider Howard Grosfield sold 9,450 shares of the business'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 sale, the insider owned 9,402 shares of the company's stock, valued at $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the company's 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

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.