Roundview Capital LLC Has $7.87 Million Stock Holdings in American Express Company $AXP

Roundview Capital LLC grew its holdings in American Express Company (NYSE:AXP) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,672 shares of the payment services company’s stock after purchasing an additional 106 shares during the quarter. Roundview Capital LLC’s holdings in American Express were worth $7,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new position in shares of American Express in the 1st quarter valued at about $29,000. Hughes Financial Services LLC acquired a new position in shares of American Express in the 1st quarter valued at about $35,000. 1 North Wealth Services LLC acquired a new position in shares of American Express in the 1st quarter valued at about $37,000. Chung Wu Investment Group LLC acquired a new position in shares of American Express in the 2nd quarter valued at about $37,000. Finally, IAG Wealth Partners LLC acquired a new position in shares of American Express in the 1st quarter valued at about $40,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Performance

Shares of AXP opened at $331.93 on Tuesday. 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 50 day moving average price of $320.43 and a two-hundred day moving average price of $299.06. The firm has a market capitalization of $230.98 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.75 and a beta of 1.29. American Express Company has a 52 week low of $220.43 and a 52 week high of $349.19.

American Express (NYSE:AXP) last issued its quarterly earnings data 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 firm had revenue of $17.86 billion during the quarter, compared to analyst estimates of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.49 EPS. Equities analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal 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 issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s payout ratio is currently 23.02%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial upped their price target on American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. DZ Bank downgraded American Express from a “hold” rating to a “sell” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their price target on American Express from $260.00 to $342.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Wells Fargo & Company upped their price target on American Express from $350.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Finally, BTIG Research set a $277.00 price target on American Express and gave the stock a “sell” rating in a research note on Monday, July 14th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $321.90.

Insider Activity

In related news, insider Laureen Seeger sold 16,998 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the completion of the sale, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,653,764.83. This trade represents a 65.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total value of $7,671,326.85. Following the sale, the insider directly owned 123,613 shares of the company’s stock, valued at $40,343,574.81. The trade was a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 269,996 shares of company stock worth $85,261,270. Company 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.