Lmcg Investments LLC Acquires 39 Shares of American Express (NYSE:AXP)

Lmcg Investments LLC raised its stake in American Express (NYSE:AXP) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,988 shares of the payment services company’s stock after purchasing an additional 39 shares during the quarter. Lmcg Investments LLC’s holdings in American Express were worth $590,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted 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 acquiring an additional 906,353 shares in the last quarter. FMR LLC grew its stake in shares of American Express by 8.5% in the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after acquiring an additional 866,110 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in shares of American Express by 59,816.0% during the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after purchasing an additional 681,304 shares in the last quarter. World Investment Advisors LLC lifted its position in shares of American Express by 35,213.7% during the third quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after purchasing an additional 316,219 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in American Express by 73.7% during the third quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock worth $191,842,000 after purchasing an additional 300,138 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction 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 transaction, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This represents a 10.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

American Express Price Performance

Shares of NYSE:AXP opened at $318.07 on Wednesday. The company has a 50 day moving average of $299.65 and a 200 day moving average of $272.78. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The stock has a market cap of $224.07 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.47 and a beta of 1.23. American Express has a 12 month low of $184.06 and a 12 month high of $319.70.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.88%. American Express’s dividend payout ratio (DPR) is currently 20.60%.

Analyst Ratings Changes

Several research firms have commented on AXP. JPMorgan Chase & Co. lifted their target price on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. TD Cowen boosted their price objective on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. UBS Group raised their target price on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley boosted their price target on shares of American Express from $252.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, December 19th. Finally, Evercore ISI raised their price objective on shares of American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a report on Monday, October 7th. Three 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 company has an average rating of “Hold” and a consensus target price of $278.09.

About American Express

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.