Oxbow Advisors LLC Grows Stock Holdings in American Express Company $AXP

Oxbow Advisors LLC raised its position in American Express Company (NYSE:AXP) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,704 shares of the payment services company’s stock after acquiring an additional 51 shares during the quarter. Oxbow Advisors LLC’s holdings in American Express were worth $544,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AXP. Brighton Jones LLC increased its position in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after acquiring an additional 1,273 shares during the period. GAMMA Investing LLC increased its position in shares of American Express by 3.1% in the first quarter. GAMMA Investing LLC now owns 8,039 shares of the payment services company’s stock valued at $2,163,000 after acquiring an additional 238 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of American Express by 22.2% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,549 shares of the payment services company’s stock valued at $957,000 after acquiring an additional 644 shares during the period. CWA Asset Management Group LLC increased its position in shares of American Express by 1.4% in the first quarter. CWA Asset Management Group LLC now owns 4,154 shares of the payment services company’s stock valued at $1,118,000 after acquiring an additional 56 shares during the period. Finally, Institute for Wealth Management LLC. increased its position in shares of American Express by 2.9% in the first quarter. Institute for Wealth Management LLC. now owns 9,599 shares of the payment services company’s stock valued at $2,583,000 after acquiring an additional 268 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Down 2.1%

NYSE:AXP opened at $323.60 on Friday. 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 current ratio of 1.61 and a quick ratio of 1.60. The company’s 50-day simple moving average is $324.66 and its 200 day simple moving average is $301.57. The firm has a market capitalization of $225.19 billion, a P/E ratio of 22.71, a PEG ratio of 1.73 and a beta of 1.29.

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

American Express Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AXP. Deutsche Bank Aktiengesellschaft lifted their target price on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Truist Financial lifted their target price on shares of American Express from $348.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Citigroup reaffirmed a “neutral” rating and set a $327.00 target price (up previously from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. BTIG Research set a $277.00 target price on shares of American Express and gave the company a “sell” rating in a research note on Monday, July 14th. Finally, UBS Group lifted their target price on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express currently has an average rating of “Hold” and a consensus price target of $323.60.

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 shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the transaction, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the completion of the transaction, the insider directly owned 10,957 shares of the company’s stock, valued at $3,391,191.50. This trade represents a 82.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock valued at $85,261,270 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

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.