Pathway Financial Advisers LLC Has $774,000 Holdings in American Express (NYSE:AXP)

Pathway Financial Advisers LLC grew its position in shares of American Express (NYSE:AXP) by 3.7% in the 4th quarter, HoldingsChannel reports. The fund owned 2,609 shares of the payment services company’s stock after buying an additional 93 shares during the period. Pathway Financial Advisers LLC’s holdings in American Express were worth $774,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Prospera Private Wealth LLC bought a new stake in American Express during the 3rd quarter valued at $27,000. Kennebec Savings Bank acquired a new position in shares of American Express during the third quarter valued at about $29,000. True Wealth Design LLC increased its position 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 worth $29,000 after acquiring an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of American Express in the 3rd quarter worth about $38,000. Finally, Financial Life Planners bought a new position in American Express in the 4th quarter valued at about $38,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the sale, the insider now directly owns 13,500 shares of the company’s stock, valued at $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock worth $9,613,503 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

American Express Trading Down 1.0 %

Shares of AXP opened at $306.46 on Thursday. American Express has a twelve month low of $207.61 and a twelve month high of $326.27. The stock has a market cap of $215.89 billion, a PE ratio of 21.87, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. The business’s 50-day moving average price is $306.67 and its 200-day moving average price is $281.42.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts forecast that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s dividend payout ratio is 19.99%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AXP shares. Morgan Stanley increased their price objective on American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th. William Blair reissued an “outperform” rating on shares of American Express in a research report on Monday, January 27th. Wells Fargo & Company lifted their price objective on shares of American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. HSBC increased their target price on shares of American Express from $270.00 to $294.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their target price 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. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $296.38.

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.