American Express Company $AXP Holdings Raised by RFG Advisory LLC

RFG Advisory LLC grew its position in American Express Company (NYSE:AXP) by 6.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,424 shares of the payment services company’s stock after acquiring an additional 746 shares during the quarter. RFG Advisory LLC’s holdings in American Express were worth $3,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Perfromance Wealth Partners LLC acquired a new position in American Express during the 2nd quarter valued at approximately $351,000. Axxcess Wealth Management LLC boosted its position in American Express by 42.0% during the 2nd quarter. Axxcess Wealth Management LLC now owns 5,195 shares of the payment services company’s stock valued at $1,657,000 after purchasing an additional 1,536 shares during the period. Elefante Mark B boosted its position in American Express by 231.9% during the 2nd quarter. Elefante Mark B now owns 2,609 shares of the payment services company’s stock valued at $832,000 after purchasing an additional 1,823 shares during the period. Cornerstone Wealth Group LLC boosted its position in American Express by 1.2% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 3,174 shares of the payment services company’s stock valued at $1,012,000 after purchasing an additional 39 shares during the period. Finally, Elmwood Wealth Management Inc. acquired a new position in American Express during the 2nd quarter valued at approximately $215,000. 84.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AXP has been the subject of a number of analyst reports. William Blair restated an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Barclays boosted their price target on American Express from $297.00 to $336.00 and gave the stock a “cautious” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. boosted their price target on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, Truist Financial boosted their price target on American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $323.60.

Insider Activity at American Express

In related news, insider Laureen Seeger sold 16,998 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,653,764.83. The trade was a 65.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anna Marrs sold 5,500 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the transaction, the insider directly owned 20,311 shares in the company, valued at $6,312,049.47. The trade was a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 269,996 shares of company stock valued at $85,261,270 over the last ninety days. Company insiders own 0.20% of the company’s stock.

American Express Stock Up 2.9%

AXP opened at $332.62 on Wednesday. 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’s fifty day moving average is $323.37 and its 200-day moving average is $300.99. The company has a market capitalization of $231.46 billion, a PE ratio of 23.34, a P/E/G ratio of 1.69 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 analysts’ consensus estimates of $3.86 by $0.22. The company 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 company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.49 EPS. On average, equities analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced 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 of this dividend is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. American Express’s payout ratio is 23.02%.

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.