1,102 Shares in American Express (NYSE:AXP) Acquired by Park Edge Advisors LLC

Park Edge Advisors LLC acquired a new stake in shares of American Express (NYSE:AXP) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,102 shares of the payment services company’s stock, valued at approximately $327,000.

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

American Express Stock Performance

NYSE:AXP opened at $320.87 on Friday. The company’s 50-day moving average is $302.35 and its two-hundred day moving average is $274.66. The firm has a market capitalization of $226.04 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.51 and a beta of 1.23. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. American Express has a 1-year low of $186.43 and a 1-year high of $326.27.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. Analysts forecast that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s payout ratio is 20.60%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AXP shares. TD Cowen raised their price target on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Truist Financial assumed coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target for the company. The Goldman Sachs Group upped their price objective on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Monness Crespi & Hardt lifted their price objective on American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, UBS Group increased their target price on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and a consensus target price of $281.00.

Insider Activity at American Express

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