Revisor Wealth Management LLC Buys Shares of 3,415 American Express Company (NYSE:AXP)

Revisor Wealth Management LLC purchased a new position in shares of American Express Company (NYSE:AXP) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,415 shares of the payment services company's stock, valued at approximately $919,000.

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

Insider Activity at American Express

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the firm's 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 sale, the insider owned 10,919 shares in the company, valued at $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 trade represents a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AXP shares. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and cut their target price for the stock from $270.00 to $255.00 in a research note on Wednesday, April 23rd. Baird R W raised shares of American Express from a "strong sell" rating to a "hold" rating in a report on Friday, March 14th. JPMorgan Chase & Co. upped their target price on American Express from $244.00 to $260.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Monness Crespi & Hardt lifted their price target on American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Robert W. Baird upgraded American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price target for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $295.25.

American Express Trading Up 1.0%

Shares of AXP stock opened at $325.83 on Thursday. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $326.62. The stock's fifty day moving average price is $293.14 and its two-hundred day moving average price is $289.48. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The company has a market cap of $228.27 billion, a PE ratio of 22.75, a P/E/G ratio of 1.57 and a beta of 1.25.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.17. The business had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. American Express had a return on equity of 32.48% and a net margin of 15.31%. During the same period last year, the firm posted $3.33 earnings per share. Equities analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed 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. This represents a $3.28 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, July 3rd. American Express's payout ratio is 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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