Trinity Legacy Partners LLC Acquires 491 Shares of American Express (NYSE:AXP)

Trinity Legacy Partners LLC boosted its holdings in American Express (NYSE:AXP) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,827 shares of the payment services company’s stock after buying an additional 491 shares during the period. American Express makes up about 1.6% of Trinity Legacy Partners LLC’s investment portfolio, making the stock its 21st largest position. Trinity Legacy Partners LLC’s holdings in American Express were worth $6,181,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of American Express by 26,783.5% in the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after purchasing an additional 906,353 shares during the period. FMR LLC lifted its holdings in shares of American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after acquiring an additional 866,110 shares during the period. Pathway Financial Advisers LLC boosted its stake in shares of American Express by 59,816.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after purchasing an additional 681,304 shares in the last quarter. World Investment Advisors LLC grew its holdings in shares of American Express by 35,213.7% in the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock worth $86,002,000 after purchasing an additional 316,219 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of American Express by 73.7% during the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock worth $191,842,000 after purchasing an additional 300,138 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AXP shares. Citigroup boosted their target price on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Truist Financial assumed coverage on American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target for the company. UBS Group raised their price objective on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods upped 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. Finally, Wells Fargo & Company raised their price target on shares of American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, January 31st. 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, American Express has an average rating of “Hold” and an average price target of $296.38.

American Express Trading Down 1.9 %

Shares of American Express stock opened at $304.08 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The business has a fifty day simple moving average of $307.68 and a two-hundred day simple moving average of $283.79. American Express has a 1 year low of $209.10 and a 1 year high of $326.27. The company has a market capitalization of $213.62 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 1.49 and a beta of 1.24.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping 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 forecast that American Express will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.92%. American Express’s payout ratio is currently 19.99%.

Insider Activity at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raymond Joabar sold 15,179 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the transaction, the insider now owns 23,866 shares in the company, valued at approximately $7,492,492.04. The trade was a 38.88 % 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 ninety days. 0.12% of the stock is owned by company insiders.

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.