989 Shares in American Express (NYSE:AXP) Bought by Allied Investment Advisors LLC

Allied Investment Advisors LLC purchased a new stake in shares of American Express (NYSE:AXP) in the 4th quarter, HoldingsChannel reports. The firm purchased 989 shares of the payment services company’s stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cyndeo Wealth Partners LLC increased its stake in American Express by 5.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,284 shares of the payment services company’s stock worth $619,000 after purchasing an additional 108 shares during the period. OLD National Bancorp IN grew its holdings in shares of American Express by 17.8% in the third quarter. OLD National Bancorp IN now owns 6,083 shares of the payment services company’s stock worth $1,650,000 after purchasing an additional 920 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of American Express by 17.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 55,053 shares of the payment services company’s stock worth $14,930,000 after buying an additional 7,990 shares during the period. Trilogy Capital Inc. raised its holdings in American Express by 2.9% during the 3rd quarter. Trilogy Capital Inc. now owns 1,655 shares of the payment services company’s stock valued at $449,000 after buying an additional 47 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in American Express during the 3rd quarter valued at $65,000. 84.33% of the stock is owned by institutional investors.

Insider Transactions at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now owns 13,500 shares in the company, valued at $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction dated 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 transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,664 shares of company stock worth $9,613,503 in the last quarter. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Truist Financial started coverage on shares of American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. HSBC upped their target price on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Morgan Stanley raised their target price on American Express from $305.00 to $310.00 and gave the company an “equal weight” rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $296.38.

American Express Stock Up 0.5 %

Shares of American Express stock opened at $312.52 on Wednesday. American Express has a twelve month low of $209.10 and a twelve month high of $326.27. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. The company’s 50 day moving average is $307.46 and its 200 day moving average is $283.46. The company has a market cap of $220.16 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Research analysts anticipate that American Express will post 15.32 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s payout ratio is currently 19.99%.

American Express Company 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.