American Express (NYSE:AXP) Shares Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC boosted its holdings in shares of American Express (NYSE:AXP) by 5.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,040 shares of the payment services company’s stock after purchasing an additional 105 shares during the period. Angeles Wealth Management LLC’s holdings in American Express were worth $605,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in American Express by 105.4% in the 2nd quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock valued at $232,000 after buying an additional 19,400 shares during the period. CWM LLC increased its stake in shares of American Express by 8.8% during the third quarter. CWM LLC now owns 22,983 shares of the payment services company’s stock worth $6,233,000 after acquiring an additional 1,857 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in American Express by 330.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,522 shares of the payment services company’s stock worth $1,226,000 after purchasing an additional 3,472 shares in the last quarter. Ritholtz Wealth Management lifted its position in American Express by 9.1% in the third quarter. Ritholtz Wealth Management now owns 8,864 shares of the payment services company’s stock valued at $2,404,000 after purchasing an additional 739 shares during the period. Finally, Burns Matteson Capital Management LLC purchased a new stake in American Express in the 3rd quarter valued at approximately $217,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the subject of a number of research analyst reports. StockNews.com downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. 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. Monness Crespi & Hardt upped their target price on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company raised their price target on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, TD Cowen boosted their price objective on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $296.38.

American Express Stock Down 1.1 %

NYSE AXP opened at $316.72 on Monday. The business has a 50 day moving average price of $306.29 and a two-hundred day moving average price of $280.03. The stock has a market cap of $223.11 billion, a PE ratio of 22.61, a P/E/G ratio of 1.50 and a beta of 1.24. American Express has a fifty-two week low of $207.61 and a fifty-two 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 earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. As a group, sell-side analysts predict that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.88%. American Express’s dividend payout ratio (DPR) is 19.99%.

Insider Activity at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the sale, the insider now directly owns 13,500 shares in the company, valued at approximately $4,308,795. This represents a 41.27 % 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 over the last three months. 0.12% of the stock is owned by insiders.

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.