Family Capital Management Inc. Buys 205 Shares of American Express (NYSE:AXP)

Family Capital Management Inc. lifted its position in American Express (NYSE:AXP) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,629 shares of the payment services company’s stock after purchasing an additional 205 shares during the quarter. Family Capital Management Inc.’s holdings in American Express were worth $484,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Catalyst Financial Partners LLC grew its holdings in American Express by 1.7% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,527 shares of the payment services company’s stock worth $750,000 after acquiring an additional 43 shares during the period. Pathway Financial Advisers LLC increased its position in shares of American Express by 3.7% during the fourth quarter. Pathway Financial Advisers LLC now owns 2,609 shares of the payment services company’s stock worth $774,000 after acquiring an additional 93 shares in the last quarter. G&S Capital LLC raised its stake in shares of American Express by 0.6% in the 4th quarter. G&S Capital LLC now owns 11,247 shares of the payment services company’s stock valued at $3,338,000 after purchasing an additional 64 shares during the period. Avestar Capital LLC lifted its stake in American Express by 9.2% in the 4th quarter. Avestar Capital LLC now owns 5,334 shares of the payment services company’s stock valued at $1,583,000 after acquiring an additional 448 shares in the last quarter. Finally, AFT Forsyth & Company Inc. grew its holdings in shares of American Express by 1.7% in the 4th quarter. AFT Forsyth & Company Inc. now owns 2,706 shares of the payment services company’s stock valued at $803,000 after acquiring an additional 45 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’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 transaction of $3,027,327.45. Following the completion of the sale, the insider now owns 13,500 shares of the company’s stock, valued at $4,308,795. This trade represents a 41.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 transaction of $1,820,880.00. Following the transaction, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. 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 quarter. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley boosted their price target on American Express from $305.00 to $310.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Barclays increased their price objective on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Truist Financial assumed coverage on shares of American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target for the company. Finally, Compass Point lowered their price objective on shares of American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Three equities research 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’s stock. Based on data from MarketBeat, American Express presently has an average rating of “Hold” and a consensus target price of $296.38.

American Express Stock Up 0.4 %

Shares of AXP opened at $307.49 on Friday. The stock’s 50-day moving average price is $306.67 and its two-hundred day moving average price is $281.42. American Express has a 12 month low of $208.82 and a 12 month high of $326.27. The company has a market capitalization of $216.61 billion, a PE ratio of 21.95, 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 (NYSE:AXP) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 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, analysts anticipate that American Express will post 15.32 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio (DPR) is presently 19.99%.

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.