Vermillion & White Wealth Management Group LLC Invests $29,000 in American Express (NYSE:AXP)

Vermillion & White Wealth Management Group LLC acquired a new position in shares of American Express (NYSE:AXP) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 154 shares of the payment services company’s stock, valued at approximately $29,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Weik Capital Management lifted its stake in shares of American Express by 5.1% during the 4th quarter. Weik Capital Management now owns 6,228 shares of the payment services company’s stock worth $1,167,000 after purchasing an additional 305 shares during the last quarter. Waterloo Capital L.P. purchased a new stake in American Express in the fourth quarter valued at about $231,000. Prudential PLC raised its stake in American Express by 2.7% in the fourth quarter. Prudential PLC now owns 46,092 shares of the payment services company’s stock valued at $8,635,000 after buying an additional 1,211 shares during the last quarter. Kolinsky Wealth Management LLC raised its stake in American Express by 10.1% in the fourth quarter. Kolinsky Wealth Management LLC now owns 1,859 shares of the payment services company’s stock valued at $348,000 after buying an additional 171 shares during the last quarter. Finally, AdvisorShares Investments LLC purchased a new stake in American Express in the fourth quarter valued at about $481,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Vice Chairman Douglas E. Buckminster sold 117,309 shares of the stock in a transaction dated 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 transaction, the insider now owns 110,318 shares in the company, valued at approximately $25,642,315.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Jennifer Skyler sold 14,802 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $241.73, for a total value of $3,578,087.46. Following the completion of the sale, the insider now directly owns 16,371 shares of the company’s stock, valued at approximately $3,957,361.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 117,309 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $232.44, for a total value of $27,267,303.96. Following the completion of the sale, the insider now directly owns 110,318 shares of the company’s stock, valued at $25,642,315.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,717 shares of company stock worth $41,680,999. 0.12% of the stock is currently owned by insiders.

American Express Trading Down 0.3 %

Shares of AXP stock traded down $0.68 on Friday, hitting $232.67. The stock had a trading volume of 2,212,477 shares, compared to its average volume of 2,427,727. The company’s 50 day moving average price is $232.59 and its 200-day moving average price is $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 1 year low of $140.91 and a 1 year high of $244.41. The firm has a market capitalization of $167.36 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.33 and a beta of 1.22.

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, topping 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 for the quarter, compared to the consensus estimate of $15.79 billion. During the same quarter in the prior year, the business earned $2.40 EPS. American Express’s revenue was up 10.6% on a year-over-year basis. Analysts anticipate that American Express will post 13.01 earnings per share for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a $0.70 dividend. The ex-dividend date is Friday, July 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from American Express’s previous quarterly dividend of $0.10. American Express’s dividend payout ratio is presently 23.06%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on American Express from $214.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. BMO Capital Markets increased their price objective on American Express from $167.00 to $175.00 and gave the company an “underperform” rating in a report on Monday, April 22nd. Monness Crespi & Hardt raised American Express from a “neutral” rating to a “buy” rating and set a $245.00 price objective on the stock in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft increased their price objective on American Express from $240.00 to $260.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Oppenheimer reissued an “outperform” rating on shares of American Express in a report on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, American Express has a consensus rating of “Hold” and an average target price of $215.50.

View Our Latest Report on AXP

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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