982 Shares in American Express (NYSE:AXP) Purchased by Park Capital Management LLC WI

Park Capital Management LLC WI acquired a new position in American Express (NYSE:AXP) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 982 shares of the payment services company’s stock, valued at approximately $292,000.

Other institutional investors have also bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in American Express in the third quarter worth about $27,000. Kennebec Savings Bank bought a new stake in American Express in the third quarter worth about $29,000. True Wealth Design LLC raised its position 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 worth $29,000 after acquiring an additional 83 shares in the last quarter. Financial Life Planners bought a new stake in American Express in the fourth quarter worth about $38,000. Finally, Itau Unibanco Holding S.A. bought a new stake in American Express in the third quarter worth about $38,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Down 1.0 %

Shares of NYSE AXP opened at $306.46 on Thursday. The stock has a market cap of $215.89 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.50 and a beta of 1.24. The business has a 50 day simple moving average of $306.60 and a 200 day simple moving average of $281.25. American Express has a 52 week low of $207.61 and a 52 week high of $326.27. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 1.67.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, research analysts predict that American Express will post 15.32 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were given a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.91%. American Express’s payout ratio is currently 19.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AXP shares. Monness Crespi & Hardt boosted their price target 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. Morgan Stanley boosted their price target on shares of American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Citigroup boosted their price objective on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, HSBC boosted their price objective on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a report on Friday, January 24th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $296.38.

Insiders Place Their Bets

In other news, CFO Caillec Christophe Le sold 6,000 shares of the company’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 transaction of $1,820,880.00. Following the completion of the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the transaction, the insider now owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock valued at $9,613,503 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

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.