Maia Wealth LLC Has $354,000 Stock Holdings in American Express (NYSE:AXP)

Maia Wealth LLC grew its position in American Express (NYSE:AXP) by 11.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,312 shares of the payment services company’s stock after buying an additional 139 shares during the period. Maia Wealth LLC’s holdings in American Express were worth $354,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. DHJJ Financial Advisors Ltd. increased its holdings in shares of American Express by 42.2% in the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after acquiring an additional 49 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in American Express during the 2nd quarter worth approximately $42,000. Founders Capital Management bought a new position in American Express in the second quarter valued at approximately $46,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of American Express in the third quarter valued at approximately $46,000. Finally, Beacon Capital Management LLC increased its position in shares of American Express by 162.1% during the first quarter. Beacon Capital Management LLC now owns 228 shares of the payment services company’s stock worth $52,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the transaction, the insider now directly owns 111,656 shares of the company’s stock, valued at $30,176,150.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total value of $21,049,740.62. Following the transaction, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on AXP. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Morgan Stanley upped their price objective on American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Barclays lifted their target price on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Bank of America upped their price target on American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Finally, Evercore ISI lifted their price objective on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $253.09.

American Express Stock Performance

AXP opened at $295.12 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $207.90 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. The business has a fifty day simple moving average of $267.52 and a 200 day simple moving average of $248.67. American Express has a 1 year low of $152.05 and a 1 year high of $296.83.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same period in the prior year, the company posted $3.30 earnings per share. American Express’s revenue was up 8.2% compared to the same quarter last year. Research analysts expect that American Express will post 13.41 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a $0.70 dividend. The ex-dividend date is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.95%. American Express’s payout ratio is 20.60%.

About American Express

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.