Rothschild & Co Wealth Management UK Ltd Purchases 11,014 Shares of American Express Company (NYSE:AXP)

Key Points

• Rothschild & Co Wealth Management UK Ltd increased its stake in American Express by 0.4%, purchasing an additional 11,014 shares, making it the largest holding in its portfolio at 12.6%.
• American Express reported $4.08 EPS for the most recent quarter, surpassing analysts' expectations, and had a revenue of $17.86 billion, reflecting a year-over-year increase of 9.3%.
• The company also announced a quarterly dividend of $0.82 per share, which will be distributed to shareholders on August 8th, yielding an annualized dividend of $3.28.

Rothschild & Co Wealth Management UK Ltd increased its position in American Express Company (NYSE:AXP) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,775,682 shares of the payment services company's stock after buying an additional 11,014 shares during the period. American Express comprises 12.6% of Rothschild & Co Wealth Management UK Ltd's portfolio, making the stock its largest holding. Rothschild & Co Wealth Management UK Ltd owned approximately 0.40% of American Express worth $746,797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock worth $1,924,000 after acquiring an additional 1,273 shares during the period. Bank Pictet & Cie Europe AG increased its position in American Express by 24.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,633 shares of the payment services company's stock worth $781,000 after purchasing an additional 525 shares during the last quarter. GHE LLC raised its stake in American Express by 2.7% during the fourth quarter. GHE LLC now owns 17,021 shares of the payment services company's stock worth $5,052,000 after purchasing an additional 447 shares during the period. Zions Bancorporation N.A. raised its stake in American Express by 2.4% during the fourth quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company's stock worth $448,000 after purchasing an additional 35 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of American Express in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AXP shares. Truist Financial increased their target price on American Express from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company set a $327.00 price objective on American Express in a report on Wednesday, July 2nd. Redburn Atlantic upgraded American Express from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $270.00 to $255.00 in a report on Wednesday, April 23rd. Royal Bank Of Canada restated an "outperform" rating on shares of American Express in a report on Monday, July 14th. Finally, Bank of America raised shares of American Express from a "neutral" rating to a "buy" rating and reduced their price target for the company from $325.00 to $274.00 in a research report on Friday, April 11th. Two investment 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. According to MarketBeat.com, American Express currently has a consensus rating of "Hold" and an average target price of $311.05.

Insider Transactions at American Express

In other American Express news, insider Howard Grosfield sold 9,450 shares of the 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Glenda G. Mcneal sold 3,019 shares of the business'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 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.

American Express Trading Down 0.1%

Shares of AXP opened at $308.21 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.69 and a current ratio of 1.61. American Express Company has a one year low of $220.43 and a one year high of $329.14. The stock has a 50-day moving average price of $304.67 and a 200 day moving average price of $291.30. The company has a market capitalization of $214.48 billion, a P/E ratio of 21.63, a P/E/G 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 EPS for the quarter, beating the consensus estimate of $3.86 by $0.22. The company had revenue of $17.86 billion during 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 business's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.49 EPS. Sell-side analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, July 3rd. American Express's payout ratio is currently 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.

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