SGL Investment Advisors Inc. Has $709,000 Stock Position in American Express Company $AXP

SGL Investment Advisors Inc. increased its holdings in shares of American Express Company (NYSE:AXP) by 173.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,237 shares of the payment services company’s stock after buying an additional 1,418 shares during the quarter. SGL Investment Advisors Inc.’s holdings in American Express were worth $709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. MorganRosel Wealth Management LLC acquired a new position in American Express during the 1st quarter worth approximately $29,000. Hughes Financial Services LLC acquired a new position in American Express during the first quarter valued at approximately $35,000. 1 North Wealth Services LLC acquired a new position in American Express during the 1st quarter worth approximately $37,000. Chung Wu Investment Group LLC bought a new position in American Express in the 2nd quarter valued at approximately $37,000. Finally, IAG Wealth Partners LLC bought a new stake in shares of American Express in the 1st quarter valued at about $40,000. 84.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Citigroup reissued a “neutral” rating and issued a $327.00 target price (up from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Monness Crespi & Hardt downgraded shares of American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Saturday, September 27th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $321.90.

American Express Price Performance

NYSE AXP opened at $331.93 on Tuesday. The company has a 50-day moving average price of $320.43 and a 200-day moving average price of $299.06. American Express Company has a 52 week low of $220.43 and a 52 week high of $349.19. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $230.98 billion, a P/E ratio of 23.29, a PEG ratio of 1.75 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. The firm had revenue of $17.86 billion for the quarter, compared to the consensus estimate of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.49 earnings per share. Equities research analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be given 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 Activity at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the transaction, the insider owned 123,613 shares in the company, valued at $40,343,574.81. The trade was a 15.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Laureen Seeger sold 16,998 shares of American Express stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the sale, the insider owned 9,001 shares of the company’s stock, valued at $2,653,764.83. The trade was a 65.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock valued at $85,261,270 over the last quarter. 0.20% of the stock is currently owned by insiders.

About American Express

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.