Quent Capital LLC Has $1.20 Million Stock Holdings in American Express Company $AXP

Quent Capital LLC raised its holdings in American Express Company (NYSE:AXP) by 4.8% in the second quarter, Holdings Channel.com reports. The fund owned 3,750 shares of the payment services company’s stock after acquiring an additional 173 shares during the quarter. Quent Capital LLC’s holdings in American Express were worth $1,196,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AXP. Brighton Jones LLC lifted its stake 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 acquiring an additional 1,273 shares during the last quarter. Apella Capital LLC lifted its stake in American Express by 6.6% in the first quarter. Apella Capital LLC now owns 992 shares of the payment services company’s stock valued at $260,000 after acquiring an additional 61 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in American Express by 28.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,257 shares of the payment services company’s stock valued at $607,000 after acquiring an additional 500 shares during the last quarter. Charles Schwab Trust Co acquired a new stake in American Express in the first quarter valued at approximately $267,000. Finally, Retirement Planning Group LLC lifted its stake in American Express by 16.8% in the first quarter. Retirement Planning Group LLC now owns 1,648 shares of the payment services company’s stock valued at $443,000 after acquiring an additional 237 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday. William Blair restated an “outperform” rating on shares of American Express in a research note on Wednesday, July 2nd. Truist Financial boosted their price objective on shares of American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Finally, Evercore ISI boosted their price objective on shares of American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $319.95.

American Express Trading Down 0.1%

Shares of AXP stock opened at $330.10 on Friday. American Express Company has a 1 year low of $220.43 and a 1 year high of $349.19. The firm’s fifty day simple moving average is $320.01 and its 200 day simple moving average is $298.24. The firm has a market capitalization of $229.71 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.75 and a beta of 1.29. 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 announced its earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share (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 business had revenue of $17.86 billion for the quarter, compared to analyst estimates of $17.70 billion. During the same quarter in the previous year, the firm posted $3.49 earnings per share. American Express’s revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

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

Insider Buying and Selling at American Express

In related news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Glenda G. Mcneal sold 50,000 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the transaction, the insider directly owned 10,957 shares in the company, valued at $3,391,191.50. This trade represents a 82.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock valued at $85,261,270 in the last three months. 0.20% of the stock is owned by insiders.

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.