743 Shares in American Express (NYSE:AXP) Acquired by Portfolio Design Labs LLC

Portfolio Design Labs LLC purchased a new stake in American Express (NYSE:AXP) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 743 shares of the payment services company’s stock, valued at approximately $221,000.

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC increased its stake in American Express by 1.6% in the fourth quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock valued at $636,000 after purchasing an additional 33 shares during the last quarter. Catalina Capital Group LLC grew its holdings in American Express by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after buying an additional 34 shares during the period. Auxier Asset Management increased its stake in shares of American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock valued at $1,934,000 after acquiring an additional 35 shares during the last quarter. Abel Hall LLC increased its stake in shares of American Express by 3.6% during the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after acquiring an additional 35 shares during the last quarter. Finally, Sunflower Bank N.A. lifted its holdings in shares of American Express by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock worth $1,203,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were 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 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 legal filing with the SEC, which is available at this link. Also, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,664 shares of company stock valued at $9,613,503. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AXP. Wells Fargo & Company upped their price target on shares of American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Truist Financial assumed coverage on American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Citigroup increased their target price on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Monness Crespi & Hardt boosted their price target on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $296.38.

American Express Stock Down 1.0 %

Shares of NYSE:AXP opened at $306.46 on Thursday. The firm has a market cap of $215.89 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company has a fifty day simple moving average of $306.60 and a 200 day simple moving average of $281.25. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. American Express has a 12-month low of $207.61 and a 12-month high of $326.27.

American Express (NYSE:AXP) last issued its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, equities research analysts anticipate that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.91%. American Express’s payout ratio is 19.99%.

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.