Hemington Wealth Management Buys 53 Shares of American Express (NYSE:AXP)

Hemington Wealth Management raised its holdings in American Express (NYSE:AXP) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,623 shares of the payment services company’s stock after buying an additional 53 shares during the quarter. Hemington Wealth Management’s holdings in American Express were worth $481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AXP. International Assets Investment Management LLC increased its holdings in American Express by 26,783.5% in the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after buying an additional 906,353 shares during the period. FMR LLC increased its holdings in American Express by 8.5% in the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after buying an additional 866,110 shares during the period. Pathway Financial Advisers LLC increased its holdings in American Express by 59,816.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after buying an additional 681,304 shares during the period. World Investment Advisors LLC increased its holdings in American Express by 35,213.7% in the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after buying an additional 316,219 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of American Express by 73.7% in the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock worth $191,842,000 after purchasing an additional 300,138 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In related news, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $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 30,664 shares of company stock valued at $9,613,503 in the last quarter. 0.12% of the stock is currently owned by insiders.

American Express Trading Down 1.0 %

NYSE AXP opened at $306.46 on Thursday. The company has a market cap of $215.89 billion, a PE ratio of 21.87, a PEG ratio of 1.50 and a beta of 1.24. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. American Express has a 12 month low of $207.61 and a 12 month high of $326.27. The stock has a 50 day moving average of $306.60 and a 200-day moving average of $281.25.

American Express (NYSE:AXP) last released its quarterly earnings data 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%. On average, equities research analysts anticipate that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

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

Wall Street Analyst Weigh In

AXP has been the topic of several analyst reports. Truist Financial initiated coverage on shares of American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price on the stock. BTIG Research upped their target price on shares of American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Compass Point lowered their target price on shares of American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Morgan Stanley upped 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. Finally, TD Cowen upped their price target 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 investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $296.38.

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.