American Express (NYSE:AXP) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance boosted its holdings in shares of American Express (NYSE:AXP) by 2.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 34,534 shares of the payment services company’s stock after buying an additional 726 shares during the quarter. Independent Advisor Alliance’s holdings in American Express were worth $6,470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its stake in shares of American Express by 3.4% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,490 shares of the payment services company’s stock valued at $279,000 after buying an additional 49 shares in the last quarter. Level Four Advisory Services LLC grew its position in American Express by 2.3% in the fourth quarter. Level Four Advisory Services LLC now owns 2,188 shares of the payment services company’s stock valued at $410,000 after acquiring an additional 50 shares in the last quarter. Strategic Advisors LLC raised its stake in shares of American Express by 1.1% during the fourth quarter. Strategic Advisors LLC now owns 5,244 shares of the payment services company’s stock valued at $982,000 after purchasing an additional 58 shares during the period. Transcend Capital Advisors LLC lifted its position in shares of American Express by 4.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,584 shares of the payment services company’s stock worth $297,000 after purchasing an additional 61 shares in the last quarter. Finally, Allegheny Financial Group LTD grew its holdings in American Express by 1.4% during the 4th quarter. Allegheny Financial Group LTD now owns 4,580 shares of the payment services company’s stock valued at $858,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other news, insider Anna Marrs sold 3,592 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $230.93, for a total value of $829,500.56. Following the completion of the transaction, the insider now owns 19,932 shares in the company, valued at approximately $4,602,896.76. The sale was disclosed in a filing with the SEC, which is available at this link. In other American Express news, insider Jennifer Skyler sold 14,802 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $241.73, for a total value of $3,578,087.46. Following the transaction, the insider now owns 16,371 shares of the company’s stock, valued at $3,957,361.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Anna Marrs sold 3,592 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $230.93, for a total transaction of $829,500.56. Following the transaction, the insider now owns 19,932 shares in the company, valued at approximately $4,602,896.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,717 shares of company stock worth $41,680,999. 0.12% of the stock is owned by corporate insiders.

American Express Stock Performance

Shares of NYSE:AXP traded up $1.50 during trading on Friday, reaching $242.82. The stock had a trading volume of 1,848,915 shares, compared to its average volume of 3,395,765. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.70. The stock has a fifty day simple moving average of $228.61 and a two-hundred day simple moving average of $201.18. The firm has a market capitalization of $174.66 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.38 and a beta of 1.20. American Express has a 52 week low of $140.91 and a 52 week high of $243.54.

American Express (NYSE:AXPGet Free Report) last released its earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.36. American Express had a return on equity of 32.46% and a net margin of 14.50%. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. During the same quarter last year, the firm posted $2.40 EPS. The company’s revenue was up 10.6% on a year-over-year basis. As a group, analysts anticipate that American Express will post 12.99 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, July 5th. This is a boost from American Express’s previous quarterly dividend of $0.10. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.15%. American Express’s payout ratio is currently 23.06%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AXP shares. Wells Fargo & Company upped their price objective on shares of American Express from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Morgan Stanley lifted their price objective on American Express from $222.00 to $226.00 and gave the stock an “equal weight” rating in a report on Monday, April 22nd. Oppenheimer reiterated an “outperform” rating on shares of American Express in a research note on Friday, April 5th. Barclays reaffirmed an “equal weight” rating and issued a $221.00 price target (up from $220.00) on shares of American Express in a report on Tuesday, April 9th. Finally, William Blair reissued an “outperform” rating on shares of American Express in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $210.71.

Check Out Our Latest Stock Report on AXP

American Express Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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