American Express (NYSE:AXP) Shares Bought by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors grew its stake in shares of American Express (NYSE:AXP) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,740 shares of the payment services company’s stock after acquiring an additional 75 shares during the quarter. Atlas Private Wealth Advisors’ holdings in American Express were worth $737,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investment Management Corp VA ADV acquired a new position in shares of American Express during the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC acquired a new stake in shares of American Express in the fourth quarter worth $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of American Express in the fourth quarter worth $33,000. Curio Wealth LLC acquired a new stake in shares of American Express in the fourth quarter worth $37,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of American Express in the first quarter worth $34,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AXP. The Goldman Sachs Group dropped their price objective on shares of American Express from $367.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Citigroup lowered their price objective on shares of American Express from $320.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Baird R W raised shares of American Express from a “strong sell” rating to a “hold” rating in a research report on Friday, March 14th. BTIG Research lowered their price objective on shares of American Express from $272.00 to $240.00 and set a “sell” rating for the company in a research report on Monday, April 21st. Finally, Monness Crespi & Hardt increased their price objective on shares of American Express from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $296.05.

American Express Stock Performance

Shares of AXP opened at $287.62 on Friday. The business’s fifty day moving average price is $278.89 and its 200 day moving average price is $288.94. American Express has a 12-month low of $220.43 and a 12-month high of $326.28. The stock has a market capitalization of $201.50 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57.

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

Insider Buying and Selling at American Express

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the firm’s stock in a transaction dated 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 owns 10,919 shares of the company’s stock, valued at approximately $2,889,822.54. This trade represents a 21.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the transaction, the insider now directly owns 9,402 shares in the company, valued at approximately $2,590,251. The trade was a 50.13% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

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.