American Express (NYSE:AXP) Shares Bought by Maia Wealth LLC

Maia Wealth LLC grew its holdings in shares of American Express (NYSE:AXP) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,392 shares of the payment services company’s stock after purchasing an additional 80 shares during the period. Maia Wealth LLC’s holdings in American Express were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AXP. Prospera Private Wealth LLC purchased a new stake in American Express during the 3rd quarter worth approximately $27,000. Kennebec Savings Bank purchased a new stake in shares of American Express during the third quarter valued at $29,000. True Wealth Design LLC grew its holdings in shares of American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Financial Life Planners acquired a new position in shares of American Express in the 4th quarter valued at $38,000. Finally, Sierra Ocean LLC purchased a new position in American Express in the 4th quarter worth $40,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. HSBC boosted their price target on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Monness Crespi & Hardt increased their price target on shares of American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods raised their price target on shares of American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. BTIG Research upped their price objective on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada raised their target price on shares of American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $296.38.

American Express Trading Up 2.2 %

Shares of NYSE:AXP opened at $300.77 on Monday. The business’s 50 day moving average price is $307.44 and its 200-day moving average price is $287.07. American Express has a 1 year low of $214.51 and a 1 year high of $326.27. The firm has a market capitalization of $211.30 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.41 and a beta of 1.24. 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 posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, equities research analysts forecast that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.93%. American Express’s dividend payout ratio (DPR) is currently 19.99%.

Insider Buying and Selling at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the sale, the insider now owns 13,500 shares of the company’s stock, valued at $4,308,795. The trade was a 41.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the sale, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% 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.