SOA Wealth Advisors LLC. Has $2.42 Million Stock Holdings in American Express (NYSE:AXP)

SOA Wealth Advisors LLC. boosted its position in shares of American Express (NYSE:AXP) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,147 shares of the payment services company’s stock after purchasing an additional 116 shares during the period. SOA Wealth Advisors LLC.’s holdings in American Express were worth $2,418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Realta Investment Advisors grew its stake in shares of American Express by 2.7% in the 4th quarter. Realta Investment Advisors now owns 3,705 shares of the payment services company’s stock valued at $1,123,000 after buying an additional 99 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in American Express in the fourth quarter valued at approximately $1,164,000. Fairvoy Private Wealth LLC bought a new stake in American Express in the fourth quarter worth approximately $289,000. Strategic Financial Concepts LLC acquired a new position in shares of American Express during the 4th quarter worth $40,920,000. Finally, Leo Wealth LLC raised its holdings in shares of American Express by 80.3% during the 4th quarter. Leo Wealth LLC now owns 5,860 shares of the payment services company’s stock valued at $1,739,000 after purchasing an additional 2,609 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE:AXP opened at $316.72 on Friday. The business’s 50 day moving average is $306.05 and its 200-day moving average is $279.30. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $223.11 billion, a PE ratio of 22.61, a PEG ratio of 1.49 and a beta of 1.24. American Express has a 1-year low of $207.61 and a 1-year 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, 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%. Sell-side analysts predict that American Express will post 15.3 earnings per share for the current year.

American Express Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s payout ratio is 19.99%.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of recent research reports. Evercore ISI upped their price objective on shares of American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a report on Monday, January 27th. BTIG Research upped their price target on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised their price objective on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Barclays upped their target price on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Compass Point dropped their price target on shares of American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and an average target price of $296.38.

Insider Activity

In other news, 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 value of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction 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. The trade was a 38.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,664 shares of company stock worth $9,613,503. Company insiders own 0.12% of the company’s stock.

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.