Kolinsky Wealth Management LLC Has $348,000 Position in American Express (NYSE:AXP)

Kolinsky Wealth Management LLC raised its position in American Express (NYSE:AXP) by 10.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,859 shares of the payment services company’s stock after buying an additional 171 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in American Express were worth $348,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in shares of American Express in the 4th quarter valued at approximately $28,000. Tennessee Valley Asset Management Partners bought a new position in American Express in the fourth quarter valued at about $28,000. Pacifica Partners Inc. acquired a new stake in shares of American Express during the fourth quarter valued at about $29,000. Baldwin Brothers LLC MA grew its holdings in shares of American Express by 134.8% during the fourth quarter. Baldwin Brothers LLC MA now owns 155 shares of the payment services company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Finally, Sachetta LLC bought a new position in American Express in the 4th quarter valued at approximately $29,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Performance

Shares of NYSE AXP traded down $0.68 during mid-day trading on Friday, reaching $232.67. 2,212,477 shares of the company’s stock were exchanged, compared to its average volume of 2,427,727. The firm has a market capitalization of $167.36 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. The firm has a 50-day moving average price of $232.59 and a two-hundred day moving average price of $209.44. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.62 and a quick ratio of 1.62. American Express has a 52 week low of $140.91 and a 52 week high of $244.41.

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

American Express Increases Dividend

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

Insider Activity

In other American Express news, CEO Stephen J. Squeri sold 38,873 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were 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 directly owns 76,310 shares of the company’s stock, valued at $18,209,855.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Stephen J. Squeri sold 38,873 shares of the business’s stock in a transaction on 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 directly owns 76,310 shares in the company, valued at approximately $18,209,855.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jennifer Skyler sold 14,802 shares of American Express stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $241.73, for a total value of $3,578,087.46. Following the transaction, the insider now directly owns 16,371 shares of the company’s stock, valued at approximately $3,957,361.83. The disclosure for this sale can be found here. Insiders have sold 177,717 shares of company stock valued at $41,680,999 in the last 90 days. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on AXP shares. JPMorgan Chase & Co. upped their price target on shares of American Express from $214.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Monness Crespi & Hardt upgraded American Express from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a report on Friday, April 5th. Evercore ISI raised their price target on shares of American Express from $243.00 to $255.00 and gave the stock an “in-line” rating in a report on Wednesday, April 24th. Morgan Stanley upped their price objective on shares of American Express from $222.00 to $226.00 and gave the company an “equal weight” rating in a report on Monday, April 22nd. Finally, Robert W. Baird raised their target price on American Express from $190.00 to $205.00 and gave the company an “underperform” rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $215.50.

View Our Latest Stock Analysis on AXP

American Express Company 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.

Further Reading

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

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