Wingate Wealth Advisors Inc. Acquires Shares of 190 American Express (NYSE:AXP)

Wingate Wealth Advisors Inc. acquired a new stake in shares of American Express (NYSE:AXP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 190 shares of the payment services company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Prospera Private Wealth LLC purchased a new stake in shares of American Express in the third quarter worth about $27,000. Kennebec Savings Bank purchased a new stake in shares of American Express in the third quarter worth about $29,000. True Wealth Design LLC lifted its holdings in shares of 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 buying an additional 83 shares in the last quarter. Financial Life Planners purchased a new stake in shares of American Express in the fourth quarter worth about $38,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of American Express in the third quarter worth about $38,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Express

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 transaction 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 filing with the SEC, which is accessible through the SEC website. Also, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, the insider now owns 23,866 shares in the company, valued at approximately $7,492,492.04. This trade represents a 38.88 % decrease in their position. 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 quarter. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Monness Crespi & Hardt upped their price objective on shares of American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. 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 research report on Monday, January 27th. Finally, Truist Financial started coverage on shares of American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus target price of $296.38.

American Express Stock Down 2.1 %

Shares of NYSE AXP opened at $310.13 on Tuesday. The company has a market cap of $218.47 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.50 and a beta of 1.24. The firm’s fifty day moving average is $306.29 and its 200 day moving average is $280.31. American Express has a 52 week low of $207.61 and a 52 week high of $326.27. 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 (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 the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, equities research analysts expect that American Express will post 15.32 earnings per share for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio (DPR) is currently 19.99%.

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.