1,088 Shares in American Express (NYSE:AXP) Bought by TruWealth Advisors LLC

TruWealth Advisors LLC acquired a new stake in shares of American Express (NYSE:AXP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,088 shares of the payment services company's stock, valued at approximately $293,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in American Express by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 11,752,084 shares of the payment services company's stock worth $3,484,312,000 after purchasing an additional 268,572 shares in the last quarter. Fisher Asset Management LLC increased its position in American Express by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 8,761,336 shares of the payment services company's stock worth $2,600,277,000 after purchasing an additional 95,927 shares during the period. Northern Trust Corp lifted its holdings in shares of American Express by 16.3% in the 4th quarter. Northern Trust Corp now owns 6,825,135 shares of the payment services company's stock valued at $2,025,632,000 after buying an additional 955,811 shares during the period. Norges Bank acquired a new position in American Express during the fourth quarter worth $1,785,867,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in American Express by 8.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,015,269 shares of the payment services company's stock worth $1,488,482,000 after acquiring an additional 408,283 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group reduced their price objective on American Express from $367.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. BTIG Research decreased their price objective on shares of American Express from $272.00 to $240.00 and set a "sell" rating on the stock 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 report on Friday, March 14th. Bank of America upgraded shares of American Express from a "neutral" rating to a "buy" rating and lowered their price target for the company from $325.00 to $274.00 in a research report on Friday, April 11th. Finally, Robert W. Baird upgraded American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price objective on the stock in a research report on Friday, March 14th. One 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $296.05.

American Express Stock Performance

Shares of NYSE:AXP traded down $0.04 on Thursday, hitting $295.89. 1,696,788 shares of the company were exchanged, compared to its average volume of 2,833,586. The company's 50 day moving average price is $272.42 and its two-hundred day moving average price is $288.90. The firm has a market capitalization of $207.30 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.41 and a beta of 1.25. 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 has a one year low of $220.43 and a one year high of $326.28.

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, beating analysts' consensus estimates 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 return on equity of 32.65% and a net margin of 15.36%. During the same period in the prior year, the company posted $3.33 earnings per share. Research analysts expect that American Express will post 15.33 earnings per share for the current year.

Insider Buying and Selling

In other American Express news, insider Howard Grosfield sold 9,450 shares of the stock in a transaction 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 transaction, the insider now directly owns 9,402 shares in the company, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Angelakis bought 3,700 shares of the company's stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $269.89 per share, with a total value of $998,593.00. Following the transaction, the director now owns 3,700 shares of the company's stock, valued at $998,593. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

About American Express

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.