American Express (NYSE:AXP) Shares Acquired by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC lifted its holdings in shares of American Express (NYSE:AXP) by 11.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 940 shares of the payment services company’s stock after purchasing an additional 96 shares during the quarter. Phillips Wealth Planners LLC’s holdings in American Express were worth $276,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Prospera Private Wealth LLC acquired a new stake in shares of American Express during the third quarter worth about $27,000. Kennebec Savings Bank acquired a new stake in American Express in the third quarter valued at approximately $29,000. True Wealth Design LLC raised its holdings in American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in American Express in the third quarter valued at approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in American Express in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the transaction, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

American Express Stock Performance

NYSE:AXP opened at $322.48 on Thursday. The firm’s fifty day moving average price is $300.24 and its 200 day moving average price is $273.36. American Express has a 1-year low of $184.81 and a 1-year high of $322.82. 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 firm has a market cap of $227.17 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.47 and a beta of 1.23.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.87%. American Express’s dividend payout ratio (DPR) is 20.60%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AXP shares. Morgan Stanley raised their target price on shares of American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. BTIG Research cut shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price on the stock. in a report on Tuesday, October 8th. HSBC cut shares of American Express from a “buy” rating to a “hold” rating and raised their target price for the company from $265.00 to $270.00 in a report on Tuesday, October 8th. StockNews.com raised shares of American Express from a “hold” rating to a “buy” rating in a report on Saturday, January 11th. Finally, UBS Group increased their price target on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and an average target price of $278.09.

American Express Profile

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.