Fullcircle Wealth LLC Has $1.35 Million Stock Position in American Express (NYSE:AXP)

Fullcircle Wealth LLC lessened its holdings in shares of American Express (NYSE:AXP) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,376 shares of the payment services company’s stock after selling 186 shares during the period. Fullcircle Wealth LLC’s holdings in American Express were worth $1,345,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sellwood Investment Partners LLC acquired a new stake in shares of American Express in the fourth quarter valued at about $33,000. Murphy & Mullick Capital Management Corp bought a new stake in American Express in the fourth quarter valued at approximately $33,000. Curio Wealth LLC acquired a new stake in American Express during the 4th quarter valued at approximately $37,000. Financial Life Planners bought a new position in American Express during the 4th quarter worth approximately $38,000. Finally, Sierra Ocean LLC bought a new stake in shares of American Express in the 4th quarter valued at $40,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Michael J. Angelakis acquired 3,700 shares of the stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $269.89 per share, with a total value of $998,593.00. Following the completion of the transaction, the director now owns 3,700 shares in the company, valued at approximately $998,593. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total transaction of $799,008.54. Following the transaction, the insider now directly owns 10,919 shares of the company’s stock, valued at $2,889,822.54. This represents a 21.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

American Express Trading Up 0.3 %

NYSE AXP opened at $276.26 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $193.54 billion, a P/E ratio of 19.72, a PEG ratio of 1.41 and a beta of 1.23. The business has a fifty day simple moving average of $263.38 and a 200 day simple moving average of $286.82. American Express has a 12 month low of $220.43 and a 12 month high of $326.28.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.17. The business had revenue of $16.97 billion for the quarter, compared to analysts’ expectations of $17.04 billion. American Express had a net margin of 15.36% and a return on equity of 32.65%. During the same period in the previous year, the company earned $3.33 earnings per share. On average, analysts predict that American Express will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be issued a dividend of $0.82 per share. This is a positive change from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, April 4th. American Express’s dividend payout ratio (DPR) is 22.91%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AXP shares. Truist Financial dropped their target price on shares of American Express from $340.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. StockNews.com lowered American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. The Goldman Sachs Group lowered their target price on American Express from $367.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Evercore ISI increased their price target on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a report on Monday, January 27th. Finally, HSBC boosted their target price on shares of American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $295.05.

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.