Motive Wealth Advisors Takes Position in American Express Company $AXP

Motive Wealth Advisors acquired a new position in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 743 shares of the payment services company’s stock, valued at approximately $237,000.

Other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new position in American Express during the 1st quarter worth about $29,000. Nexus Investment Management ULC acquired a new position in shares of American Express during the 1st quarter worth about $34,000. Hughes Financial Services LLC acquired a new position in shares of American Express during the 1st quarter worth about $35,000. 1 North Wealth Services LLC acquired a new stake in American Express in the 1st quarter valued at about $37,000. Finally, IAG Wealth Partners LLC bought a new position in American Express in the 1st quarter valued at about $40,000. Institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the sale, the chief executive officer directly owned 92,810 shares in the company, valued at approximately $30,614,306.60. This trade represents a 54.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Glenda G. Mcneal sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the sale, the insider owned 10,957 shares of the company’s stock, valued at approximately $3,391,191.50. This represents a 82.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 269,996 shares of company stock worth $85,261,270 over the last 90 days. 0.20% of the stock is currently owned by insiders.

American Express Stock Performance

American Express stock opened at $340.86 on Thursday. The firm’s 50 day simple moving average is $316.30 and its 200 day simple moving average is $294.66. The firm has a market capitalization of $237.20 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. American Express Company has a 1-year low of $220.43 and a 1-year high of $349.19. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last issued its quarterly earnings results 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. American Express had a net margin of 14.78% and a return on equity of 32.87%. The firm had revenue of $17.86 billion for the quarter, compared to analyst estimates of $17.70 billion. During the same quarter in the prior year, the firm earned $3.49 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Analyst Upgrades and Downgrades

AXP has been the topic of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, July 21st. JPMorgan Chase & Co. lifted their price target on shares of American Express from $260.00 to $342.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Barclays lifted their price target on shares of American Express from $249.00 to $297.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Finally, Truist Financial boosted their target price on shares of American Express from $348.00 to $375.00 and gave the company a “buy” rating in a report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $315.20.

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.