American Express (NYSE:AXP) Stock Position Increased by KWB Wealth

KWB Wealth grew its position in American Express (NYSE:AXP) by 16.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,031 shares of the payment services company’s stock after buying an additional 1,403 shares during the period. KWB Wealth’s holdings in American Express were worth $2,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AXP. International Assets Investment Management LLC increased its stake in American Express by 26,783.5% during the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after buying an additional 906,353 shares during the period. FMR LLC increased its stake in shares of American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after acquiring an additional 866,110 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in American Express by 924.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock worth $197,149,000 after purchasing an additional 768,301 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in American Express by 59,816.0% in the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after purchasing an additional 681,304 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in American Express by 71.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,164,098 shares of the payment services company’s stock valued at $269,547,000 after purchasing an additional 486,755 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling

In other news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of 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 SEC, which can be accessed through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,998 shares of company stock worth $26,423,439. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Truist Financial assumed coverage on American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Bank of America upped their price target on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Keefe, Bruyette & Woods boosted their target price on shares of American Express from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Barclays raised their target price on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, TD Cowen upped their price target on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $277.82.

American Express Stock Up 1.4 %

AXP stock opened at $297.33 on Tuesday. The company has a 50 day moving average of $297.43 and a two-hundred day moving average of $270.12. 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 has a 12-month low of $177.81 and a 12-month high of $307.82. The company has a market cap of $209.45 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.73 and a beta of 1.23.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. During the same period last year, the company earned $3.30 earnings per share. American Express’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.94%. American Express’s payout ratio is 20.60%.

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.