Wesbanco Bank Inc. Increases Holdings in American Express (NYSE:AXP)

Wesbanco Bank Inc. boosted its position in American Express (NYSE:AXPFree Report) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,883 shares of the payment services company’s stock after buying an additional 705 shares during the period. Wesbanco Bank Inc.’s holdings in American Express were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Marshall Wace LLP lifted its position in American Express by 105.4% during the second quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock valued at $232,000 after purchasing an additional 19,400 shares during the period. AlTi Global Inc. raised its stake in shares of American Express by 175.6% during the 2nd quarter. AlTi Global Inc. now owns 9,424 shares of the payment services company’s stock valued at $2,182,000 after buying an additional 6,005 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of American Express by 31.2% in the 2nd quarter. AQR Capital Management LLC now owns 109,198 shares of the payment services company’s stock valued at $25,285,000 after buying an additional 25,937 shares during the period. Elgethun Capital Management boosted its stake in shares of American Express by 0.4% in the second quarter. Elgethun Capital Management now owns 18,218 shares of the payment services company’s stock worth $4,218,000 after buying an additional 75 shares during the last quarter. Finally, Dundas Partners LLP grew its holdings in American Express by 1.0% during the second quarter. Dundas Partners LLP now owns 167,619 shares of the payment services company’s stock worth $38,812,000 after acquiring an additional 1,619 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Evercore ISI upped their price objective on American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a research report on Monday, October 7th. Monness Crespi & Hardt raised their price target on shares of American Express from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. UBS Group upped their price objective on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Keefe, Bruyette & Woods raised their target price on American Express from $325.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, TD Cowen increased their price target on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average target price of $278.09.

Read Our Latest Stock Report on AXP

Insider Transactions at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction on 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. This represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

American Express Stock Up 0.9 %

AXP stock opened at $325.12 on Friday. American Express has a one year low of $185.73 and a one year high of $326.28. The firm has a market cap of $229.03 billion, a PE ratio of 23.92, a PEG ratio of 1.49 and a beta of 1.23. The firm’s 50 day moving average price is $300.94 and its 200-day moving average price is $273.70. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is presently 20.60%.

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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