Inlet Private Wealth LLC Purchases 44 Shares of American Express (NYSE:AXP)

Inlet Private Wealth LLC raised its holdings in American Express (NYSE:AXP) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,795 shares of the payment services company’s stock after buying an additional 44 shares during the quarter. Inlet Private Wealth LLC’s holdings in American Express were worth $2,907,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of American Express by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock worth $3,104,735,000 after acquiring an additional 86,100 shares during the period. FMR LLC boosted its holdings in shares of American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after buying an additional 866,110 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of American Express by 5.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock worth $1,249,415,000 after buying an additional 239,173 shares during the period. Janus Henderson Group PLC increased its stake in shares of American Express by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock worth $1,074,168,000 after acquiring an additional 33,193 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in American Express by 12.7% during the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock valued at $655,137,000 after acquiring an additional 247,864 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the transaction, the insider now directly owns 23,866 shares of the company’s stock, valued at $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. William Blair reissued an “outperform” rating on shares of American Express in a report on Monday, January 27th. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods upped their price objective on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Finally, StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $296.38.

American Express Stock Down 0.6 %

AXP stock opened at $317.12 on Friday. The business’s 50-day moving average price is $304.98 and its 200-day moving average price is $277.34. The stock has a market cap of $223.40 billion, a P/E ratio of 22.64, a PEG ratio of 1.48 and a beta of 1.23. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. American Express has a twelve month low of $199.88 and a twelve month high of $326.27.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, equities research analysts forecast that American Express will post 15.3 EPS for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.88%. 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.