American Express Company $AXP Shares Acquired by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV boosted its holdings in shares of American Express Company (NYSE:AXP) by 405.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,591 shares of the payment services company’s stock after purchasing an additional 5,288 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in American Express were worth $2,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Briaud Financial Planning Inc purchased a new position in American Express during the second quarter valued at $26,000. Access Investment Management LLC acquired a new position in shares of American Express during the 2nd quarter worth about $26,000. Manning & Napier Advisors LLC purchased a new position in American Express in the 3rd quarter valued at about $27,000. Halbert Hargrove Global Advisors LLC boosted its holdings in American Express by 210.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock worth $29,000 after buying an additional 59 shares during the last quarter. Finally, Chung Wu Investment Group LLC purchased a new stake in American Express during the 2nd quarter worth approximately $37,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Express

In other American Express news, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the sale, the insider owned 2,515 shares of the company’s stock, valued at $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the transaction, the chief marketing officer directly owned 85,577 shares in the company, valued at approximately $30,825,691.17. The trade was a 36.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,515 shares of company stock valued at $20,658,509 over the last quarter. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays raised their target price on American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. BTIG Research reaffirmed a “sell” rating and set a $328.00 target price on shares of American Express in a report on Monday, January 12th. Truist Financial raised their price target on shares of American Express from $395.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. TD Cowen boosted their price target on shares of American Express from $350.00 to $375.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. Finally, Cowen restated a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Nine equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $352.82.

American Express Trading Up 2.1%

AXP opened at $365.03 on Friday. The stock has a market capitalization of $251.45 billion, a PE ratio of 24.50, a P/E/G ratio of 1.53 and a beta of 1.15. American Express Company has a one year low of $220.43 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The business’s 50 day moving average price is $368.55 and its 200 day moving average price is $341.19.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 30th. The payment services company reported ($11.85) EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($15.41). The business had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. As a group, equities research analysts expect 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 Tuesday, February 10th. Investors of record on Friday, January 2nd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s dividend payout ratio (DPR) is 22.01%.

American Express Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.