C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $428,000 Holdings in American Express (NYSE:AXP)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of American Express (NYSE:AXP) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,443 shares of the payment services company’s stock after acquiring an additional 72 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in American Express were worth $428,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AXP. Prospera Private Wealth LLC purchased a new position in American Express during the third quarter valued at approximately $27,000. Kennebec Savings Bank acquired a new stake in shares of American Express during the 3rd quarter valued at $29,000. True Wealth Design LLC grew its holdings in shares of American Express by 332.0% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of American Express in the third quarter worth $38,000. Finally, Financial Life Planners purchased a new stake in shares of American Express during the fourth quarter worth $38,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Down 0.9 %

Shares of American Express stock opened at $309.90 on Thursday. The company has a market cap of $217.71 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.48 and a beta of 1.24. American Express has a 1 year low of $209.10 and a 1 year high of $326.27. The company’s fifty day simple moving average is $307.61 and its 200-day simple moving average is $283.65. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that American Express will post 15.33 EPS for the current year.

American Express Dividend Announcement

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

Analysts Set New Price Targets

AXP has been the topic of a number of recent research reports. William Blair restated an “outperform” rating on shares of American Express in a research note on Monday, January 27th. HSBC increased their price objective on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a report on Friday, January 24th. UBS Group lifted their target price on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Truist Financial began coverage on shares of American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on shares of American Express from $305.00 to $310.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus target price of $296.38.

Insider Transactions at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the sale, the insider now directly owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,664 shares of company stock valued at $9,613,503. 0.11% of the stock is owned by corporate insiders.

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.