American Express (NYSE:AXP) Shares Purchased by GFG Capital LLC

GFG Capital LLC raised its position in shares of American Express (NYSE:AXP) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,407 shares of the payment services company’s stock after buying an additional 56 shares during the quarter. American Express comprises 0.8% of GFG Capital LLC’s portfolio, making the stock its 29th largest position. GFG Capital LLC’s holdings in American Express were worth $3,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in shares of American Express during the 3rd quarter worth approximately $27,000. Kennebec Savings Bank acquired a new stake in shares of American Express during the 3rd quarter worth approximately $29,000. True Wealth Design LLC raised its position 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 worth $29,000 after purchasing an additional 83 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of American Express during the 3rd quarter worth approximately $38,000. Finally, Financial Life Planners acquired a new stake in American Express in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of American Express 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 sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the sale, the insider now directly owns 13,500 shares in the company, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,664 shares of company stock worth $9,613,503 over the last three months. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

AXP has been the topic of several analyst reports. 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 report on Monday, October 21st. William Blair restated an “outperform” rating on shares of American Express in a research report on Monday, January 27th. BTIG Research raised their target price on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research report on Friday, January 24th. Evercore ISI raised their target price on American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research report on Monday, January 27th. Finally, Citigroup raised their target price on American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Three investment 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, American Express currently has a consensus rating of “Hold” and an average price target of $296.38.

American Express Stock Performance

Shares of American Express stock opened at $307.49 on Friday. The stock has a market cap of $216.61 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The business has a fifty day simple moving average of $306.67 and a 200-day simple moving average of $281.42. 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 12 month low of $208.82 and a 12 month high of $326.27.

American Express (NYSE:AXP) last announced its quarterly earnings data 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 return on equity of 32.65% and a net margin of 15.36%. On average, sell-side analysts anticipate that American Express will post 15.32 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.91%. American Express’s dividend payout ratio (DPR) is currently 19.99%.

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.