Consilium Wealth Advisory LLC Acquires New Stake in American Express (NYSE:AXP)

Consilium Wealth Advisory LLC bought a new position in American Express (NYSE:AXP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 819 shares of the payment services company’s stock, valued at approximately $222,000.

Other institutional investors have also recently modified their holdings of the company. Concurrent Investment Advisors LLC increased its stake in American Express by 7.0% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,204 shares of the payment services company’s stock valued at $3,038,000 after purchasing an additional 731 shares in the last quarter. Maia Wealth LLC grew its holdings in shares of American Express by 11.8% during the third quarter. Maia Wealth LLC now owns 1,312 shares of the payment services company’s stock valued at $354,000 after buying an additional 139 shares during the last quarter. Radnor Capital Management LLC increased its position in shares of American Express by 12.3% during the third quarter. Radnor Capital Management LLC now owns 45,919 shares of the payment services company’s stock valued at $12,453,000 after acquiring an additional 5,045 shares in the last quarter. Catalina Capital Group LLC raised its holdings in American Express by 9.7% in the 3rd quarter. Catalina Capital Group LLC now owns 3,322 shares of the payment services company’s stock worth $901,000 after acquiring an additional 295 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC bought a new position in American Express in the 3rd quarter valued at approximately $484,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Express news, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the sale, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the sale, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

American Express Price Performance

American Express stock traded up $11.83 during mid-day trading on Wednesday, hitting $287.77. The stock had a trading volume of 831,694 shares, compared to its average volume of 2,896,941. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The firm’s 50 day moving average is $266.76 and its 200 day moving average is $248.34. The firm has a market capitalization of $202.72 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.48 and a beta of 1.21. American Express has a one year low of $152.05 and a one year high of $293.96.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The company had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same quarter last year, the company earned $3.30 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts forecast that American Express will post 13.41 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, October 4th. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company lifted their target price on American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. TD Cowen lifted their price objective on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Hsbc Global Res cut shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lowered shares of American Express from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $268.00 to $286.00 in a research note on Monday, October 7th. Finally, Evercore ISI increased their price objective on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research report on Monday, October 7th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $253.09.

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.