American Express (NYSE:AXP) Stock Position Raised by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its position in American Express (NYSE:AXP) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,625 shares of the payment services company’s stock after buying an additional 692 shares during the quarter. SteelPeak Wealth LLC’s holdings in American Express were worth $1,076,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC bought a new position in shares of American Express during the 3rd quarter valued at $27,000. Kennebec Savings Bank bought a new stake in American Express in the third quarter worth $29,000. True Wealth Design LLC increased its position in American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of American Express in the third quarter worth about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of American Express during the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Down 0.6 %

Shares of AXP opened at $315.14 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a 50-day moving average price of $303.60 and a two-hundred day moving average price of $276.27. The stock has a market cap of $222.00 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.51 and a beta of 1.23. American Express has a 12 month low of $199.88 and a 12 month high of $326.27.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. Equities analysts predict that American Express will post 13.4 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s payout ratio is 20.60%.

Insider Buying and Selling

In related news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction on 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 directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. HSBC raised their price objective on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research note on Friday, January 24th. UBS Group boosted their price objective on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. The Goldman Sachs Group raised their target price on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Truist Financial began coverage on shares of American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price for the company. Finally, Hsbc Global Res downgraded American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $294.95.

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.