Quotient Wealth Partners LLC Grows Position in American Express (NYSE:AXP)

Quotient Wealth Partners LLC raised its position in shares of American Express (NYSE:AXP) by 16.1% during the 4th quarter, Holdings Channel reports. The fund owned 2,364 shares of the payment services company’s stock after purchasing an additional 327 shares during the period. Quotient Wealth Partners LLC’s holdings in American Express were worth $702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prospera Private Wealth LLC purchased a new stake in American Express during the third quarter valued at $27,000. Kennebec Savings Bank purchased a new stake in shares of American Express during the 3rd quarter valued at about $29,000. True Wealth Design LLC grew its position in American Express by 332.0% in the third 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 in the last quarter. Financial Life Planners bought a new stake in American Express during the fourth quarter worth approximately $38,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in American Express during the third quarter valued at approximately $38,000. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AXP has been the topic of several analyst reports. Evercore ISI boosted 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. Citigroup increased their price objective on shares of American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Royal Bank of Canada upped their target price on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. raised their price target on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Finally, TD Cowen upped their price objective on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $296.38.

American Express Trading Down 1.1 %

Shares of NYSE AXP opened at $316.72 on Friday. The business has a fifty day moving average price of $306.29 and a 200 day moving average price of $279.80. American Express has a 1-year low of $207.61 and a 1-year high of $326.27. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.67 and a quick ratio of 1.63. The stock has a market capitalization of $223.11 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Equities research analysts expect that American Express will post 15.32 EPS for the current fiscal year.

American Express Announces Dividend

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 issued 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 is presently 19.99%.

Insider Transactions at American Express

In other American Express news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction dated Tuesday, January 28th. The stock was 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 approximately $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s 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 owns 13,500 shares in the company, valued at $4,308,795. The trade was a 41.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock valued at $9,613,503 in the last quarter. 0.12% of the stock is currently 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.