Perigon Wealth Management LLC Purchases 2,151 Shares of American Express Company (NYSE:AXP)

Perigon Wealth Management LLC raised its stake in American Express Company (NYSE:AXP - Free Report) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,594 shares of the payment services company's stock after buying an additional 2,151 shares during the period. Perigon Wealth Management LLC's holdings in American Express were worth $15,496,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AXP. Trillium Asset Management LLC boosted its holdings in shares of American Express by 1.4% during the 4th quarter. Trillium Asset Management LLC now owns 2,449 shares of the payment services company's stock valued at $727,000 after acquiring an additional 35 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of American Express by 2.4% during the 4th quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company's stock valued at $448,000 after acquiring an additional 35 shares during the last quarter. Arista Wealth Management LLC boosted its holdings in shares of American Express by 1.7% during the 4th quarter. Arista Wealth Management LLC now owns 2,275 shares of the payment services company's stock valued at $675,000 after acquiring an additional 37 shares during the last quarter. Kovack Advisors Inc. boosted its holdings in shares of American Express by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 3,359 shares of the payment services company's stock valued at $997,000 after acquiring an additional 38 shares during the last quarter. Finally, PDS Planning Inc boosted its holdings in shares of American Express by 1.3% during the 4th quarter. PDS Planning Inc now owns 2,967 shares of the payment services company's stock valued at $880,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 84.33% of the company's stock.

Insider Buying and Selling

In related news, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total value of $799,008.54. Following the transaction, the insider now owns 10,919 shares in the company, valued at approximately $2,889,822.54. This represents a 21.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $2,603,475.00. Following the sale, the insider now directly owns 9,402 shares in the company, valued at $2,590,251. The trade was a 50.13% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on AXP shares. William Blair restated an "outperform" rating on shares of American Express in a research report on Monday, April 21st. Baird R W upgraded shares of American Express from a "strong sell" rating to a "hold" rating in a research report on Friday, March 14th. Robert W. Baird upgraded shares of American Express from an "underperform" rating to a "neutral" rating and set a $265.00 target price for the company in a research report on Friday, March 14th. Bank of America upgraded shares of American Express from a "neutral" rating to a "buy" rating and cut their target price for the company from $325.00 to $274.00 in a research report on Friday, April 11th. Finally, Monness Crespi & Hardt boosted their target price on shares of American Express from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $296.05.

American Express Stock Performance

AXP stock opened at $308.73 on Thursday. The firm has a market cap of $216.29 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.50 and a beta of 1.25. The firm has a 50-day simple moving average of $286.36 and a two-hundred day simple moving average of $288.84. American Express Company has a one year low of $220.43 and a one year high of $326.28. 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 (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.47 by $0.17. The business had revenue of $16.97 billion during the quarter, compared to analyst estimates of $17.04 billion. American Express had a net margin of 15.31% and a return on equity of 32.48%. During the same period in the prior year, the firm posted $3.33 earnings per share. On average, equities analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 annualized dividend and a yield of 1.06%. American Express's dividend payout ratio (DPR) is presently 22.91%.

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.

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