Colonial River Investments LLC Purchases 90 Shares of American Express (NYSE:AXP)

Colonial River Investments LLC boosted its position in shares of American Express (NYSE:AXP) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,416 shares of the payment services company’s stock after purchasing an additional 90 shares during the quarter. Colonial River Investments LLC’s holdings in American Express were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in American Express during the 4th quarter worth about $835,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of American Express by 3.3% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 100,863 shares of the payment services company’s stock worth $29,935,000 after buying an additional 3,200 shares during the period. Ascent Wealth Partners LLC acquired a new position in shares of American Express during the 4th quarter worth about $214,000. MONECO Advisors LLC grew its position in shares of American Express by 30.4% during the 4th quarter. MONECO Advisors LLC now owns 2,076 shares of the payment services company’s stock worth $616,000 after buying an additional 484 shares during the period. Finally, Howard Capital Management Inc. grew its position in shares of American Express by 4.9% during the 4th quarter. Howard Capital Management Inc. now owns 3,756 shares of the payment services company’s stock worth $1,115,000 after buying an additional 175 shares during the period. 84.33% of the stock is owned by institutional investors.

Insider Transactions at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raymond Joabar sold 15,179 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the sale, the insider now owns 23,866 shares in the company, valued at approximately $7,492,492.04. This trade represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,664 shares of company stock worth $9,613,503 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

American Express Trading Down 2.8 %

Shares of American Express stock opened at $295.23 on Monday. American Express has a 12-month low of $212.48 and a 12-month high of $326.27. The stock has a market cap of $207.41 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.45 and a beta of 1.24. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $307.54 and its 200-day moving average is $285.04.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Equities research analysts predict that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s dividend payout ratio is currently 19.99%.

Analyst Upgrades and Downgrades

AXP has been the subject of several analyst reports. Monness Crespi & Hardt boosted their target price on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Compass Point decreased their target price on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Royal Bank of Canada boosted their target price on American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. William Blair restated an “outperform” rating on shares of American Express in a research report on Monday, January 27th. Finally, Citigroup boosted their price objective on American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $296.38.

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.