McLean Asset Management Corp Buys 142 Shares of American Express (NYSE:AXP)

McLean Asset Management Corp raised its stake in shares of American Express (NYSE:AXP) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,554 shares of the payment services company’s stock after purchasing an additional 142 shares during the period. McLean Asset Management Corp’s holdings in American Express were worth $758,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AXP. Prospera Private Wealth LLC acquired a new stake in American Express during the 3rd quarter worth about $27,000. Kennebec Savings Bank acquired a new stake in American Express during the 3rd quarter worth about $29,000. True Wealth Design LLC grew its holdings in American Express by 332.0% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after acquiring an additional 83 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in American Express during the 3rd quarter worth about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in American Express during the 3rd quarter worth about $46,000. 84.33% of the stock is owned by institutional investors.

Insider Activity at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. The trade was a 10.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,820,880.00. Following the transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

AXP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Compass Point raised their target price on American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods raised their target price on American Express from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. TD Cowen raised their target price on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded American Express from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $282.36.

American Express Trading Down 1.5 %

NYSE:AXP opened at $320.87 on Monday. 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 capitalization of $226.04 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. The firm’s 50 day moving average is $302.35 and its 200 day moving average is $275.17. American Express has a 12 month low of $186.43 and a 12 month high of $326.27.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. Sell-side analysts expect that American Express will post 13.4 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.87%. American Express’s dividend payout ratio is 20.60%.

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.