Trinity Financial Advisors LLC Invests $211,000 in American Express Company $AXP

Trinity Financial Advisors LLC bought a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 660 shares of the payment services company’s stock, valued at approximately $211,000.

Other hedge funds also recently modified their holdings of the company. Investment Management Corp VA ADV bought a new position in shares of American Express in the fourth quarter worth $29,000. MorganRosel Wealth Management LLC bought a new position in shares of American Express in the first quarter worth $29,000. Nexus Investment Management ULC bought a new position in shares of American Express in the first quarter worth $34,000. Hughes Financial Services LLC bought a new position in American Express in the first quarter valued at about $35,000. Finally, 1 North Wealth Services LLC bought a new position in American Express in the first quarter valued at about $37,000. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the transaction, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anna Marrs sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the transaction, the insider directly owned 20,311 shares in the company, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is owned by insiders.

American Express Price Performance

American Express stock opened at $325.48 on Friday. The stock’s 50 day moving average is $313.29 and its 200 day moving average is $291.91. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.61 and a quick ratio of 1.60. The firm has a market cap of $226.50 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.75 and a beta of 1.28. American Express Company has a one year low of $220.43 and a one year high of $332.46.

American Express (NYSE:AXP) last issued 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 return on equity of 32.87% and a net margin of 14.78%.The firm had revenue of $17.86 billion for the quarter, compared to analyst estimates of $17.70 billion. During the same period in the previous year, the firm earned $3.49 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. As a group, research analysts expect 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 was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were paid a $0.82 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $3.28 annualized dividend and a yield of 1.0%. American Express’s payout ratio is 23.02%.

Analysts Set New Price Targets

A number of research firms have issued reports on AXP. Monness Crespi & Hardt cut American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Morgan Stanley lifted their target price on American Express from $250.00 to $311.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft lifted their target price on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods lifted their target price on American Express from $360.00 to $371.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company lifted their price objective on American Express from $350.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, American Express currently has a consensus rating of “Hold” and a consensus price target of $313.45.

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.