American Express (NYSE:AXP) Shares Bought by Horizon Wealth Management LLC

Horizon Wealth Management LLC grew its position in shares of American Express (NYSE:AXP) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,246 shares of the payment services company’s stock after purchasing an additional 57 shares during the quarter. Horizon Wealth Management LLC’s holdings in American Express were worth $511,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. CIC Wealth LLC lifted its position in American Express by 3.2% in the 1st quarter. CIC Wealth LLC now owns 1,518 shares of the payment services company’s stock worth $346,000 after buying an additional 47 shares in the last quarter. Aspiriant LLC grew its stake in American Express by 0.8% in the 1st quarter. Aspiriant LLC now owns 6,330 shares of the payment services company’s stock valued at $1,441,000 after buying an additional 48 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in American Express by 3.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,490 shares of the payment services company’s stock valued at $279,000 after buying an additional 49 shares during the last quarter. Level Four Advisory Services LLC grew its stake in American Express by 2.3% in the 4th quarter. Level Four Advisory Services LLC now owns 2,188 shares of the payment services company’s stock valued at $410,000 after buying an additional 50 shares during the last quarter. Finally, Game Plan Financial Advisors LLC grew its stake in American Express by 62.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock valued at $30,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other American Express news, insider Jennifer Skyler sold 14,802 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $241.73, for a total transaction of $3,578,087.46. Following the completion of the sale, the insider now owns 16,371 shares of the company’s stock, valued at approximately $3,957,361.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other American Express news, insider Jennifer Skyler sold 14,802 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $241.73, for a total transaction of $3,578,087.46. Following the completion of the sale, the insider now owns 16,371 shares of the company’s stock, valued at approximately $3,957,361.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Quinn Jessica Lieberman sold 3,141 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $232.36, for a total transaction of $729,842.76. Following the sale, the executive vice president now directly owns 258 shares of the company’s stock, valued at approximately $59,948.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,717 shares of company stock valued at $41,680,999. 0.11% of the stock is currently owned by insiders.

American Express Stock Up 1.1 %

AXP traded up $2.49 during trading on Monday, reaching $234.04. 1,467,356 shares of the stock were exchanged, compared to its average volume of 3,044,992. The stock has a market cap of $168.34 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21. American Express has a twelve month low of $140.91 and a twelve month high of $244.41. The stock’s 50 day moving average price is $234.69 and its two-hundred day moving average price is $216.40. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.62 and a current ratio of 1.62.

American Express (NYSE:AXP) last issued its earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.36. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.79 billion. American Express had a net margin of 14.50% and a return on equity of 32.46%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.40 earnings per share. Equities analysts expect that American Express will post 13 EPS for the current year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a $0.70 dividend. The ex-dividend date is Friday, July 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from American Express’s previous quarterly dividend of $0.10. American Express’s dividend payout ratio is 23.06%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AXP shares. Barclays reiterated an “equal weight” rating and issued a $221.00 target price (up from $220.00) on shares of American Express in a research note on Tuesday, April 9th. Evercore ISI increased their target price on shares of American Express from $243.00 to $255.00 and gave the stock an “in-line” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of American Express from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. William Blair reissued an “outperform” rating on shares of American Express in a research note on Monday, June 3rd. Finally, BTIG Research initiated coverage on shares of American Express in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $220.30.

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.