Realta Investment Advisors Acquires 99 Shares of American Express (NYSE:AXP)

Realta Investment Advisors grew its holdings in shares of American Express (NYSE:AXP) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,705 shares of the payment services company’s stock after acquiring an additional 99 shares during the period. Realta Investment Advisors’ holdings in American Express were worth $1,123,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC lifted its position in shares of American Express by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock worth $3,104,735,000 after purchasing an additional 86,100 shares during the period. FMR LLC raised its stake in American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after buying an additional 866,110 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in American Express by 5.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock valued at $1,249,415,000 after buying an additional 239,173 shares during the period. Janus Henderson Group PLC boosted its position in American Express by 0.8% during the third quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock valued at $1,074,168,000 after acquiring an additional 33,193 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in American Express by 12.7% during the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after acquiring an additional 247,864 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the transaction, the insider now directly owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock valued at $9,613,503 in the last ninety days. 0.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. 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 report on Monday, January 27th. Citigroup raised 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. Evercore ISI boosted their target price on shares of American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods raised their price target on shares of American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Finally, Truist Financial started coverage on shares of American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective on the stock. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus price target of $296.38.

American Express Stock Down 0.1 %

AXP opened at $320.18 on Friday. American Express has a fifty-two week low of $205.60 and a fifty-two week high of $326.27. The firm has a market capitalization of $225.55 billion, a P/E ratio of 22.85, a PEG ratio of 1.49 and a beta of 1.24. The company’s 50-day moving average is $306.05 and its 200 day moving average is $279.30. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.67 and a quick ratio of 1.63.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping 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%. Research analysts expect that American Express will post 15.3 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.87%. American Express’s dividend payout ratio (DPR) is presently 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.