Kathmere Capital Management LLC Purchases 508 Shares of American Express (NYSE:AXP)

Kathmere Capital Management LLC boosted its position in American Express (NYSE:AXP) by 39.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,791 shares of the payment services company’s stock after purchasing an additional 508 shares during the period. Kathmere Capital Management LLC’s holdings in American Express were worth $532,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Prospera Private Wealth LLC acquired a new position in shares of American Express in the 3rd quarter valued at about $27,000. Kennebec Savings Bank bought a new stake in American Express in the third quarter worth approximately $29,000. True Wealth Design LLC lifted its stake 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 valued at $29,000 after buying an additional 83 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of American Express during the 3rd quarter worth approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of American Express during the 3rd quarter worth approximately $46,000. Institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. This represents a 10.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. 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 ninety days. 0.12% of the stock is currently owned by insiders.

American Express Trading Up 4.0 %

NYSE AXP opened at $312.51 on Thursday. The stock has a market capitalization of $220.15 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.73 and a beta of 1.23. The business’s fifty day moving average is $297.91 and its 200-day moving average is $270.60. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. American Express has a one year low of $177.81 and a one year high of $313.96.

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

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is 20.60%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AXP shares. Compass Point boosted their target price on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Truist Financial assumed coverage on shares of American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective on the stock. The Goldman Sachs Group raised their target price on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Barclays upped their price target on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company boosted their price objective on American Express from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $278.09.

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.