Tealwood Asset Management Inc. Makes New Investment in American Express (NYSE:AXP)

Tealwood Asset Management Inc. purchased a new position in shares of American Express (NYSE:AXP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,525 shares of the payment services company's stock, valued at approximately $2,294,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new position in American Express during the fourth quarter worth approximately $29,000. Sellwood Investment Partners LLC acquired a new position in American Express in the fourth quarter valued at $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in American Express during the fourth quarter valued at about $33,000. Nexus Investment Management ULC acquired a new stake in American Express during the first quarter worth about $34,000. Finally, Curio Wealth LLC purchased a new position in shares of American Express in the 4th quarter worth about $37,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Citigroup dropped their target price on shares of American Express from $320.00 to $300.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Monness Crespi & Hardt increased their price objective 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. Bank of America upgraded American Express from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $325.00 to $274.00 in a research note on Friday, April 11th. William Blair reaffirmed an "outperform" rating on shares of American Express in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of American Express from $244.00 to $260.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $296.05.

American Express Price Performance

Shares of AXP traded down $1.98 during midday trading on Tuesday, hitting $299.58. The company's stock had a trading volume of 2,045,257 shares, compared to its average volume of 2,826,778. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express has a one year low of $220.43 and a one year high of $326.28. The stock has a market capitalization of $209.88 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. The company's fifty day simple moving average is $275.16 and its two-hundred day simple moving average is $289.15.

American Express (NYSE:AXP - Get Free Report) last issued its earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.47 by $0.17. American Express had a return on equity of 32.65% and a net margin of 15.36%. The firm had revenue of $16.97 billion during the quarter, compared to the consensus estimate of $17.04 billion. During the same quarter in the previous year, the firm earned $3.33 earnings per share. As a group, equities analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

Insider Activity

In other American Express 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 transaction of $799,008.54. Following the completion of the sale, the insider now owns 10,919 shares of the company's stock, valued at approximately $2,889,822.54. This represents a 21.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the completion of the sale, the insider now directly owns 9,402 shares in the company, valued at approximately $2,590,251. This 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 currently owned by insiders.

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.