American Express Company (NYSE:AXP) Shares Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. increased its stake in American Express Company (NYSE:AXP) by 4.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,348 shares of the payment services company’s stock after buying an additional 128 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in American Express were worth $901,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in 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 purchasing an additional 1,273 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in American Express by 24.9% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,633 shares of the payment services company’s stock worth $781,000 after buying an additional 525 shares during the last quarter. GHE LLC lifted its holdings in American Express by 2.7% during the 4th quarter. GHE LLC now owns 17,021 shares of the payment services company’s stock worth $5,052,000 after buying an additional 447 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in American Express by 24.1% during the 4th quarter. Proficio Capital Partners LLC now owns 3,409 shares of the payment services company’s stock worth $1,012,000 after buying an additional 661 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in American Express during the 4th quarter worth approximately $488,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AXP. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Wednesday. Baird R W upgraded American Express from a “strong sell” rating to a “hold” rating in a research report on Friday, March 14th. The Goldman Sachs Group dropped their price target on American Express from $367.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Argus cut American Express from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $310.00 price target on shares of American Express in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $295.25.

Insiders Place Their Bets

In related news, insider Glenda G. Mcneal sold 3,019 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the transaction, the insider directly owned 10,919 shares of the company’s stock, valued at approximately $2,889,822.54. The trade was a 21.66% 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 Howard Grosfield sold 9,450 shares of American Express stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total value of $2,603,475.00. Following the sale, the insider directly owned 9,402 shares of the company’s stock, valued at approximately $2,590,251. The trade was a 50.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

American Express Stock Performance

AXP opened at $328.36 on Friday. The firm has a market cap of $230.05 billion, a PE ratio of 22.93, a P/E/G ratio of 1.60 and a beta of 1.25. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The business has a fifty day simple moving average of $295.62 and a 200-day simple moving average of $289.85. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $329.14.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.17. The business had revenue of $16.97 billion during the quarter, compared to analyst estimates of $17.04 billion. American Express had a return on equity of 32.48% and a net margin of 15.31%. During the same period last year, the company posted $3.33 EPS. As a group, equities analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, July 3rd. American Express’s dividend payout ratio is presently 22.91%.

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.