Wealthcare Advisory Partners LLC Buys 65 Shares of American Express Company $AXP

Wealthcare Advisory Partners LLC raised its holdings in shares of American Express Company (NYSE:AXP) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,481 shares of the payment services company’s stock after acquiring an additional 65 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in American Express were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Asset Advisory Services LLC raised its holdings in American Express by 2.8% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after acquiring an additional 32 shares during the period. DLK Investment Management LLC increased its holdings in shares of American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock worth $277,000 after purchasing an additional 32 shares during the period. Financial Engines Advisors L.L.C. increased its holdings in shares of American Express by 4.7% in the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after purchasing an additional 35 shares during the period. Modern Wealth Management LLC increased its holdings in shares of American Express by 0.7% in the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after purchasing an additional 35 shares during the period. Finally, Greenfield Savings Bank increased its holdings in shares of American Express by 0.3% in the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after purchasing an additional 35 shares during the period. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AXP. Wells Fargo & Company upped their price target on shares of American Express from $350.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Truist Financial upped their price target on shares of American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 15th. UBS Group upped their target price on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $323.55.

American Express Stock Performance

NYSE AXP opened at $327.61 on Wednesday. The company has a 50-day simple moving average of $320.81 and a two-hundred day simple moving average of $299.26. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 1.80. American Express Company has a 12-month low of $220.43 and a 12-month high of $349.19. The firm has a market cap of $227.98 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.76 and a beta of 1.29.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $17.70 billion. During the same period in the prior year, the business posted $3.49 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

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

Insider Buying and Selling at American Express

In other news, insider Laureen Seeger sold 16,998 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the completion of the transaction, the insider directly owned 9,001 shares of the company’s stock, valued at approximately $2,653,764.83. This represents a 65.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Glenda G. Mcneal sold 50,000 shares of the company’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 transaction, the insider directly owned 10,957 shares of the company’s stock, valued at approximately $3,391,191.50. This trade represents a 82.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is currently owned by insiders.

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.