Angeles Wealth Management LLC Purchases New Stake in American Express (NYSE:AXP)

Angeles Wealth Management LLC purchased a new stake in American Express (NYSE:AXP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,219 shares of the payment services company’s stock, valued at approximately $228,000.

Other hedge funds have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its stake in American Express by 3.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,490 shares of the payment services company’s stock valued at $279,000 after purchasing an additional 49 shares during the period. Level Four Advisory Services LLC lifted its position in shares of American Express by 2.3% during the 4th quarter. Level Four Advisory Services LLC now owns 2,188 shares of the payment services company’s stock valued at $410,000 after acquiring an additional 50 shares during the period. Strategic Advisors LLC lifted its position in shares of American Express by 1.1% during the 4th quarter. Strategic Advisors LLC now owns 5,244 shares of the payment services company’s stock valued at $982,000 after acquiring an additional 58 shares during the period. Transcend Capital Advisors LLC lifted its position in shares of American Express by 4.0% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,584 shares of the payment services company’s stock valued at $297,000 after acquiring an additional 61 shares during the period. Finally, Allegheny Financial Group LTD raised its holdings in shares of American Express by 1.4% during the 4th quarter. Allegheny Financial Group LTD now owns 4,580 shares of the payment services company’s stock worth $858,000 after buying an additional 62 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AXP shares. Deutsche Bank Aktiengesellschaft boosted their price target on American Express from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. TD Cowen boosted their price target on American Express from $221.00 to $225.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. Evercore ISI boosted their price target on American Express from $243.00 to $255.00 and gave the stock an “in-line” rating in a report on Wednesday, April 24th. HSBC boosted their price target on American Express from $232.00 to $239.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Robert W. Baird boosted their price target on American Express from $190.00 to $205.00 and gave the stock an “underperform” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, American Express has a consensus rating of “Hold” and a consensus price target of $215.50.

View Our Latest Report on AXP

American Express Trading Down 0.3 %

Shares of AXP stock opened at $232.67 on Friday. The stock has a market cap of $167.36 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.33 and a beta of 1.22. The stock has a 50-day moving average of $232.59 and a 200-day moving average of $209.44. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.70. American Express has a 1-year low of $140.91 and a 1-year high of $244.41.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.36. American Express had a return on equity of 32.46% and a net margin of 14.50%. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.79 billion. During the same quarter in the prior year, the firm posted $2.40 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts forecast that American Express will post 13.01 earnings per share for the current year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be given a dividend of $0.70 per share. This is a positive change from American Express’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, July 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.20%. American Express’s dividend payout ratio is presently 23.06%.

Insider Activity at American Express

In related news, CEO Stephen J. Squeri sold 38,873 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $238.63, for a total transaction of $9,276,263.99. Following the sale, the chief executive officer now owns 76,310 shares in the company, valued at approximately $18,209,855.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other American Express news, CEO Stephen J. Squeri sold 38,873 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $238.63, for a total value of $9,276,263.99. Following the transaction, the chief executive officer now owns 76,310 shares in the company, valued at $18,209,855.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 117,309 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $232.44, for a total value of $27,267,303.96. Following the completion of the transaction, the insider now owns 110,318 shares in the company, valued at approximately $25,642,315.92. The disclosure for this sale can be found here. Insiders have sold a total of 177,717 shares of company stock worth $41,680,999 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

American Express Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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