LexAurum Advisors LLC Invests $223,000 in American Express (NYSE:AXP)

LexAurum Advisors LLC acquired a new stake in American Express (NYSE:AXP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 751 shares of the payment services company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in American Express by 26,783.5% in the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after acquiring an additional 906,353 shares during the period. FMR LLC raised its position in shares of American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after purchasing an additional 866,110 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of American Express by 59,816.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after buying an additional 681,304 shares in the last quarter. World Investment Advisors LLC boosted its holdings in American Express by 35,213.7% in the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock worth $86,002,000 after buying an additional 316,219 shares during the period. Finally, National Bank of Canada FI grew its stake in American Express by 73.7% in the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after buying an additional 300,138 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Stock Performance

Shares of NYSE AXP opened at $320.87 on Friday. The stock’s 50-day moving average is $301.67 and its 200 day moving average is $274.06. The stock has a market cap of $226.04 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.51 and a beta of 1.23. American Express has a 1-year low of $186.43 and a 1-year high of $326.27. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXPGet Free Report) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. On average, sell-side analysts anticipate that American Express will post 13.4 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.87%. American Express’s payout ratio is 20.60%.

Analysts Set New Price Targets

A number of research firms have recently commented on AXP. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a report on Saturday, January 11th. Monness Crespi & Hardt raised their target price on American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Compass Point upped their price target on American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of American Express from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Three investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $281.00.

Check Out Our Latest Analysis on AXP

Insider Activity

In other news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction on 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 completion of the transaction, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

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.

Further Reading

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

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