Cwm LLC Grows Stake in American Express Company $AXP

Cwm LLC boosted its position in shares of American Express Company (NYSE:AXP) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,814 shares of the payment services company’s stock after purchasing an additional 462 shares during the quarter. Cwm LLC’s holdings in American Express were worth $9,829,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in American Express during the 1st quarter valued at $29,000. Chung Wu Investment Group LLC bought a new stake in American Express during the 2nd quarter valued at $37,000. Hughes Financial Services LLC bought a new stake in American Express during the 1st quarter valued at $35,000. Proffitt & Goodson Inc. bought a new stake in American Express during the 2nd quarter valued at $41,000. Finally, 1 North Wealth Services LLC bought a new stake in American Express during the 1st quarter valued at $37,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Performance

Shares of AXP opened at $332.62 on Wednesday. The stock has a 50-day moving average of $323.37 and a two-hundred day moving average of $300.99. American Express Company has a one year low of $220.43 and a one year high of $349.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61. The stock has a market cap of $231.46 billion, a P/E ratio of 23.34, a P/E/G ratio of 1.69 and a beta of 1.29.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $3.86 by $0.22. The company had revenue of $17.86 billion during the quarter, compared to analysts’ expectations of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.49 EPS. As a group, research analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. American Express’s dividend payout ratio (DPR) is presently 23.02%.

Insider Buying and Selling at American Express

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the transaction, the chief executive officer owned 92,810 shares in the company, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Glenda G. Mcneal sold 50,000 shares of American Express stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total value of $15,475,000.00. Following the completion of the transaction, the insider owned 10,957 shares of the company’s stock, valued at approximately $3,391,191.50. This represents a 82.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 269,996 shares of company stock worth $85,261,270. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Monness Crespi & Hardt cut American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Truist Financial raised their price objective on American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Wells Fargo & Company raised their price objective on American Express from $350.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. UBS Group raised their price objective on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. raised their price objective on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $323.60.

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.