Avion Wealth Has $246,000 Position in American Express (NYSE:AXP)

Avion Wealth grew its position in American Express (NYSE:AXP) by 23.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 830 shares of the payment services company’s stock after acquiring an additional 156 shares during the quarter. Avion Wealth’s holdings in American Express were worth $246,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 33 shares during the last quarter. Catalina Capital Group LLC grew its stake in American Express by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after purchasing an additional 34 shares in the last quarter. Auxier Asset Management increased its position 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 worth $1,934,000 after purchasing an additional 35 shares during the last quarter. Abel Hall LLC boosted its holdings in shares of American Express by 3.6% in the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after buying an additional 35 shares during the last quarter. Finally, Sunflower Bank N.A. increased its holdings in American Express by 0.9% during the fourth quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock worth $1,203,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AXP. BTIG Research increased their price target on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research note on Friday, January 24th. TD Cowen raised their target price on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Truist Financial initiated coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. Morgan Stanley raised their price objective on American Express from $305.00 to $310.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. Finally, Evercore ISI boosted their target price on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and an average price target of $296.38.

Insider Transactions at American Express

In other American Express news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 23,866 shares in the company, valued at approximately $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,664 shares of company stock valued at $9,613,503. 0.11% of the stock is currently owned by insiders.

American Express Stock Performance

Shares of American Express stock opened at $309.61 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a market cap of $218.11 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company has a 50 day moving average of $306.45 and a 200-day moving average of $280.80. American Express has a 1-year low of $207.61 and a 1-year high of $326.27.

American Express (NYSE:AXP) last released its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that American Express will post 15.32 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, January 3rd. American Express’s payout ratio is 19.99%.

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.