Avion Wealth Has $246,000 Stake in American Express (NYSE:AXP)

Avion Wealth raised its stake in American Express (NYSE:AXP) by 23.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 830 shares of the payment services company’s stock after buying an additional 156 shares during the quarter. Avion Wealth’s holdings in American Express were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in American Express by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock worth $3,104,735,000 after acquiring an additional 86,100 shares during the last quarter. FMR LLC grew its holdings in American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after purchasing an additional 866,110 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in American Express by 5.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock valued at $1,249,415,000 after acquiring an additional 239,173 shares during the period. Janus Henderson Group PLC lifted its stake in shares of American Express by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock worth $1,074,168,000 after buying an additional 33,193 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of American Express by 12.7% during the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after acquiring an additional 247,864 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Down 0.2 %

Shares of NYSE AXP opened at $309.61 on Wednesday. The business’s 50 day moving average is $306.45 and its two-hundred day moving average is $280.80. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. American Express has a 52-week low of $207.61 and a 52-week high of $326.27. The firm has a market cap of $218.11 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.50 and a beta of 1.24.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Research analysts predict that American Express will post 15.32 EPS for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.90%. American Express’s dividend payout ratio is currently 19.99%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AXP. TD Cowen lifted their price objective on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. William Blair restated an “outperform” rating on shares of American Express in a research report on Monday, January 27th. BTIG Research raised their price objective on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Monness Crespi & Hardt lifted their target price on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Truist Financial assumed coverage on shares of American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price for the company. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $296.38.

Insider Buying and Selling at American Express

In related news, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the sale, the insider now directly owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,952,286.84. This represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock worth $9,613,503 in the last 90 days. 0.11% of the stock is owned by company 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.