Conway Capital Management Inc. Has $312,000 Stock Position in American Express (NYSE:AXP)

Conway Capital Management Inc. grew its stake in shares of American Express (NYSE:AXP) by 16.7% in the 4th quarter, HoldingsChannel reports. The fund owned 1,050 shares of the payment services company’s stock after purchasing an additional 150 shares during the quarter. Conway Capital Management Inc.’s holdings in American Express were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new stake in American Express in the 3rd quarter worth about $27,000. Kennebec Savings Bank acquired a new stake in shares of American Express in the third quarter valued at approximately $29,000. True Wealth Design LLC boosted its stake in shares of American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in American Express during the third quarter worth approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in American Express during the 3rd quarter worth $46,000. Institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AXP shares. BTIG Research downgraded American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price for the company. in a research report on Tuesday, October 8th. Evercore ISI increased their price objective on shares of American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a research note on Monday, October 7th. UBS Group boosted their target price on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Barclays increased their price target on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Truist Financial started coverage on shares of American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $278.09.

American Express Stock Performance

NYSE AXP opened at $325.12 on Friday. The company has a market capitalization of $229.03 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.49 and a beta of 1.23. American Express has a twelve month low of $185.73 and a twelve month high of $326.28. The stock has a fifty day simple moving average of $300.94 and a 200 day simple moving average of $273.70. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.86%. American Express’s dividend payout ratio (DPR) is 20.60%.

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.