Insight Wealth Strategies LLC Has $5.57 Million Holdings in American Express (NYSE:AXP)

Insight Wealth Strategies LLC trimmed its holdings in American Express (NYSE:AXP) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,759 shares of the payment services company’s stock after selling 877 shares during the period. Insight Wealth Strategies LLC’s holdings in American Express were worth $5,567,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Prospera Private Wealth LLC acquired a new stake in American Express during the third quarter worth approximately $27,000. Kennebec Savings Bank bought a new position in shares of American Express during the third quarter worth approximately $29,000. True Wealth Design LLC lifted 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 purchasing an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in American Express in the 3rd quarter valued at $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in American Express during the 3rd quarter worth $46,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on AXP. StockNews.com upgraded shares of American Express from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st. Morgan Stanley upped their price target on shares of American Express from $252.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, December 19th. Hsbc Global Res downgraded shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Barclays raised their target price on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Bank of America boosted their price target on American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $268.95.

American Express Trading Down 0.5 %

NYSE:AXP traded down $1.50 on Monday, reaching $301.58. 1,806,086 shares of the stock traded hands, compared to its average volume of 1,883,564. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 1-year low of $177.81 and a 1-year high of $307.82. The company’s 50 day moving average is $293.99 and its 200-day moving average is $267.17. The firm has a market capitalization of $212.45 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. The business had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. American Express’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.30 earnings per share. Equities research analysts anticipate that American Express will post 13.4 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.93%. American Express’s payout ratio is 20.60%.

Insider Buying and Selling

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the sale, the insider now owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This represents a 41.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,998 shares of company stock valued at $26,423,439 over the last 90 days. Company insiders own 0.12% of the company’s stock.

American Express Company 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.