American Express (NYSE:AXP) Shares Acquired by Fielder Capital Group LLC

Fielder Capital Group LLC increased its holdings in shares of American Express (NYSE:AXP) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,019 shares of the payment services company’s stock after acquiring an additional 102 shares during the period. Fielder Capital Group LLC’s holdings in American Express were worth $1,786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mutual Advisors LLC lifted its position in shares of American Express by 11.3% during the 3rd quarter. Mutual Advisors LLC now owns 7,849 shares of the payment services company’s stock valued at $2,119,000 after buying an additional 794 shares in the last quarter. Pathway Financial Advisers LLC raised its position in American Express by 120.9% during the third quarter. Pathway Financial Advisers LLC now owns 2,516 shares of the payment services company’s stock worth $682,000 after acquiring an additional 1,377 shares during the period. GSB Wealth Management LLC purchased a new position in American Express during the third quarter valued at $221,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of American Express by 3.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,790 shares of the payment services company’s stock valued at $1,833,000 after purchasing an additional 229 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of American Express by 4.3% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 48,536 shares of the payment services company’s stock worth $13,163,000 after purchasing an additional 1,999 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In other news, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the transaction, the insider now directly owns 23,866 shares in the company, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the transaction, the insider now directly owns 13,500 shares of the company’s stock, valued at $4,308,795. The trade was a 41.27 % 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 Down 0.7 %

AXP stock opened at $294.09 on Friday. American Express has a one year low of $214.51 and a one year high of $326.27. The firm has a market cap of $206.61 billion, a PE ratio of 20.99, a PEG ratio of 1.41 and a beta of 1.24. The firm’s 50 day moving average price is $307.39 and its 200-day moving average price is $285.99. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that American Express will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.95%. American Express’s payout ratio is currently 19.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AXP. Monness Crespi & Hardt raised their price target on shares of American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, January 27th. BTIG Research raised their target price on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research report on Friday, January 24th. StockNews.com cut American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Morgan Stanley raised their price objective on American Express from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Monday, January 27th. Finally, UBS Group lifted their target price on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $296.38.

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.