Vivid Wealth Management LLC Purchases 364 Shares of American Express (NYSE:AXP)

Vivid Wealth Management LLC boosted its position in American Express (NYSE:AXP) by 4.1% in the 1st quarter, Holdings Channel reports. The firm owned 9,218 shares of the payment services company’s stock after buying an additional 364 shares during the quarter. American Express accounts for approximately 1.2% of Vivid Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Vivid Wealth Management LLC’s holdings in American Express were worth $2,480,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new stake in American Express in the fourth quarter worth about $29,000. Sellwood Investment Partners LLC bought a new stake in American Express in the fourth quarter worth about $33,000. Murphy & Mullick Capital Management Corp bought a new stake in American Express in the fourth quarter worth about $33,000. Nexus Investment Management ULC bought a new stake in American Express in the first quarter worth about $34,000. Finally, Curio Wealth LLC bought a new stake in American Express in the fourth quarter worth about $37,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Bank of America raised shares of American Express from a “neutral” rating to a “buy” rating and decreased their price target for the company from $325.00 to $274.00 in a research note on Friday, April 11th. William Blair reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, April 21st. Redburn Atlantic raised shares of American Express from a “sell” rating to a “neutral” rating and decreased their price target for the company from $270.00 to $255.00 in a research note on Wednesday, April 23rd. Citigroup decreased their price target on shares of American Express from $320.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, Baird R W raised shares of American Express from a “strong sell” rating to a “hold” rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $296.05.

American Express Price Performance

NYSE AXP opened at $294.17 on Tuesday. The firm’s fifty day simple moving average is $280.15 and its two-hundred day simple moving average is $288.76. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. American Express has a 12-month low of $220.43 and a 12-month high of $326.28. The firm has a market capitalization of $206.09 billion, a P/E ratio of 21.00, a P/E/G ratio of 1.41 and a beta of 1.25.

American Express (NYSE:AXP) last released its quarterly earnings results 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. American Express had a net margin of 15.36% and a return on equity of 32.65%. The business had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. During the same period in the previous year, the company earned $3.33 earnings per share. Analysts forecast that American Express will post 15.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Howard Grosfield sold 9,450 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 9,402 shares of the company’s stock, valued at $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 10,919 shares in the company, valued at $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

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.