Personal CFO Solutions LLC Has $3.37 Million Stock Position in American Express (NYSE:AXP)

Personal CFO Solutions LLC lifted its holdings in shares of American Express (NYSE:AXP) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,355 shares of the payment services company’s stock after buying an additional 519 shares during the period. American Express comprises about 0.7% of Personal CFO Solutions LLC’s portfolio, making the stock its 21st biggest holding. Personal CFO Solutions LLC’s holdings in American Express were worth $3,370,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Prospera Private Wealth LLC acquired a new position in shares of American Express during the 3rd quarter worth $27,000. Kennebec Savings Bank acquired a new position in shares of American Express during the 3rd quarter worth $29,000. True Wealth Design LLC increased its holdings 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. Financial Life Planners acquired a new position in American Express in the 4th quarter worth about $38,000. Finally, Sierra Ocean LLC acquired a new position in American Express in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AXP. Keefe, Bruyette & Woods upped their target price on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Wells Fargo & Company upped their target price on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. StockNews.com cut American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Citigroup upped their target price on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, Compass Point lowered their target price on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $296.38.

Insiders Place Their Bets

In other American Express news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the transaction, the insider now owns 23,866 shares in the company, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the transaction, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

American Express Stock Down 0.9 %

Shares of American Express stock opened at $273.13 on Friday. American Express has a one year low of $214.51 and a one year high of $326.27. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The stock’s 50-day moving average is $305.44 and its 200 day moving average is $287.87. The firm has a market cap of $191.88 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.41 and a beta of 1.21.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating the consensus estimate 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 anticipate that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be issued a $0.82 dividend. The ex-dividend date is Friday, April 4th. This represents a $3.28 annualized dividend and a yield of 1.20%. This is a positive change from American Express’s previous quarterly dividend of $0.70. American Express’s dividend payout ratio is presently 23.41%.

American Express Company 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.