J.W. Cole Advisors Inc. Acquires 2,572 Shares of American Express (NYSE:AXP)

J.W. Cole Advisors Inc. boosted its holdings in American Express (NYSE:AXP) by 35.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,806 shares of the payment services company’s stock after purchasing an additional 2,572 shares during the period. J.W. Cole Advisors Inc.’s holdings in American Express were worth $1,837,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new position in shares of American Express in the fourth quarter valued at about $28,000. Tennessee Valley Asset Management Partners purchased a new position in shares of American Express in the fourth quarter valued at about $28,000. Baldwin Brothers LLC MA increased its position in shares of American Express by 134.8% in the fourth quarter. Baldwin Brothers LLC MA now owns 155 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Tyler Stone Wealth Management purchased a new position in shares of American Express in the second quarter valued at about $27,000. Finally, Pacifica Partners Inc. purchased a new position in shares of American Express in the fourth quarter valued at about $29,000. 84.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AXP shares. Stephens upgraded shares of American Express from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $148.00 to $193.00 in a research report on Tuesday, January 2nd. Monness Crespi & Hardt upgraded shares of American Express from a “neutral” rating to a “buy” rating and set a $245.00 price target on the stock in a research report on Friday, April 5th. BMO Capital Markets boosted their price target on shares of American Express from $157.00 to $159.00 and gave the company an “underperform” rating in a research report on Monday, January 29th. Robert W. Baird cut shares of American Express from a “neutral” rating to an “underperform” rating and set a $190.00 price target on the stock. in a research report on Monday, January 8th. Finally, Barclays reiterated an “equal weight” rating and set a $221.00 price target (up previously from $220.00) on shares of American Express in a research report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $201.62.

View Our Latest Research Report on American Express

Insider Transactions at American Express

In other news, insider Howard Grosfield sold 7,029 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $203.65, for a total value of $1,431,455.85. Following the transaction, the insider now owns 12,388 shares in the company, valued at $2,522,816.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Howard Grosfield sold 7,029 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $203.65, for a total value of $1,431,455.85. Following the transaction, the insider now owns 12,388 shares in the company, valued at $2,522,816.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Laureen Seeger sold 84,420 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $212.98, for a total transaction of $17,979,771.60. Following the transaction, the insider now owns 57,512 shares in the company, valued at approximately $12,248,905.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,047 shares of company stock worth $36,528,388. Corporate insiders own 0.12% of the company’s stock.

American Express Price Performance

Shares of AXP opened at $231.04 on Friday. The stock has a market cap of $167.24 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.25 and a beta of 1.23. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $231.69. The firm’s 50-day simple moving average is $220.06 and its two-hundred day simple moving average is $188.65.

American Express (NYSE:AXPGet Free Report) last issued its earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.36. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.79 billion. American Express had a net margin of 13.84% and a return on equity of 30.99%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.40 earnings per share. Analysts anticipate that American Express will post 12.83 earnings per share for the current fiscal year.

American Express Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be paid a $0.10 dividend. The ex-dividend date is Thursday, April 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.17%. American Express’s dividend payout ratio is presently 24.98%.

About American Express

(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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