American Express (NYSE:AXP) Shares Acquired by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC boosted its position in American Express (NYSE:AXP) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 41,802 shares of the payment services company’s stock after buying an additional 869 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in American Express were worth $12,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Marshall Wace LLP grew its position in American Express by 105.4% in the 2nd quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock valued at $232,000 after buying an additional 19,400 shares in the last quarter. Advisory Alpha LLC boosted its holdings in shares of American Express by 5.0% in the second quarter. Advisory Alpha LLC now owns 978 shares of the payment services company’s stock valued at $226,000 after acquiring an additional 47 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of American Express during the second quarter valued at approximately $134,000. Heritage Wealth Management Inc. acquired a new stake in American Express in the second quarter worth approximately $332,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in American Express by 47.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,405 shares of the payment services company’s stock valued at $325,000 after purchasing an additional 452 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AXP shares. UBS Group upped their price objective on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Truist Financial started coverage on shares of American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. The Goldman Sachs Group boosted their target price on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Citigroup raised their target price on shares of American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Royal Bank of Canada upped their price target on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Monday. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $294.95.

Insider Activity

In related news, CFO Caillec Christophe Le sold 6,000 shares of the business’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 transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the firm’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 completion of the sale, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

American Express Trading Up 1.1 %

Shares of NYSE AXP opened at $318.84 on Friday. The stock has a market cap of $224.61 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.51 and a beta of 1.23. The business has a 50 day simple moving average of $304.15 and a 200 day simple moving average of $276.54. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a 52 week low of $199.88 and a 52 week high of $326.27.

American Express (NYSE:AXP) last announced its quarterly 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 net margin of 15.32% and a return on equity of 32.46%. On average, research analysts predict that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Dividend Announcement

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