XTX Topco Ltd bought a new position in shares of American Express Company (NYSE:AXP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,730 shares of the payment services company's stock, valued at approximately $465,000.
A number of other institutional investors and hedge funds have also bought and sold shares of AXP. Principal Financial Group Inc. boosted its stake in shares of American Express by 5.5% in the 1st quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company's stock valued at $183,037,000 after purchasing an additional 35,295 shares in the last quarter. Pinnacle Financial Partners Inc boosted its stake in shares of American Express by 1.4% in the 1st quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company's stock valued at $45,243,000 after purchasing an additional 2,259 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of American Express by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,458 shares of the payment services company's stock valued at $25,088,000 after purchasing an additional 5,693 shares in the last quarter. Navis Wealth Advisors LLC boosted its stake in shares of American Express by 368.7% in the 1st quarter. Navis Wealth Advisors LLC now owns 3,548 shares of the payment services company's stock valued at $955,000 after purchasing an additional 2,791 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in American Express by 8.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 95,443 shares of the payment services company's stock worth $25,679,000 after buying an additional 7,822 shares in the last quarter. Institutional investors own 84.33% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AXP. Citigroup reiterated a "neutral" rating and set a $327.00 price target (up previously from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods upped their price target on shares of American Express from $360.00 to $371.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Morgan Stanley upped their price target on shares of American Express from $250.00 to $311.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Truist Financial upped their price target on shares of American Express from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Barclays upped their price target on shares of American Express from $249.00 to $297.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, American Express currently has a consensus rating of "Hold" and a consensus target price of $311.05.
Get Our Latest Stock Analysis on AXP
American Express Price Performance
Shares of NYSE AXP traded up $2.68 during mid-day trading on Friday, reaching $297.41. The company had a trading volume of 1,778,023 shares, compared to its average volume of 2,640,008. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 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 firm has a market cap of $206.96 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.58 and a beta of 1.28. The business's 50-day simple moving average is $306.59 and its 200 day simple moving average is $290.69.
American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, topping analysts' consensus estimates of $3.86 by $0.22. American Express had a return on equity of 32.87% and a net margin of 14.78%. The company had revenue of $17.86 billion for the quarter, compared to analysts' expectations of $17.70 billion. During the same quarter last year, the business earned $3.49 earnings per share. American Express's revenue was up 9.3% on a year-over-year basis. On average, research analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.
American Express Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 3rd were given a $0.82 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. American Express's dividend payout ratio (DPR) is presently 23.02%.
Insider Buying and Selling
In related news, insider Glenda G. Mcneal sold 50,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total value of $15,475,000.00. Following the transaction, the insider owned 10,957 shares in the company, valued at approximately $3,391,191.50. This trade represents a 82.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laureen Seeger sold 61,721 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total value of $18,360,145.87. Following the completion of the sale, the insider directly owned 9,001 shares in the company, valued at $2,677,527.47. This trade represents a 87.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,219 shares of company stock worth $40,555,901. Company insiders own 0.20% of the company's stock.
About American Express
(
Free Report)
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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