775 Shares in American Express (NYSE:AXP) Acquired by David J Yvars Group

David J Yvars Group purchased a new stake in American Express (NYSE:AXP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 775 shares of the payment services company’s stock, valued at approximately $230,000.

Several other large investors have also recently added to or reduced their stakes in AXP. Prospera Private Wealth LLC acquired a new position in shares of American Express in the third quarter valued at about $27,000. Kennebec Savings Bank bought a new stake in American Express in the 3rd quarter valued at about $29,000. True Wealth Design LLC grew its position in shares of American Express by 332.0% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after purchasing an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of American Express during the third quarter worth approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of American Express in the third quarter valued at approximately $46,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AXP. Truist Financial initiated coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. Morgan Stanley boosted their price target on American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, December 19th. Monness Crespi & Hardt upped their price objective on shares of American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Hsbc Global Res cut shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Bank of America increased their price target on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $277.82.

Insiders Place Their Bets

In related news, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the sale, the insider now owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade represents a 41.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,998 shares of company stock worth $26,423,439. Company insiders own 0.12% of the company’s stock.

American Express Trading Up 1.4 %

NYSE AXP opened at $297.33 on Tuesday. American Express has a 12 month low of $177.81 and a 12 month high of $307.82. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $209.45 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. The business’s 50-day moving average price is $297.43 and its two-hundred day moving average price is $270.12.

American Express (NYSE:AXP) last released its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. The business had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 EPS. On average, analysts expect that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.94%. American Express’s dividend payout ratio (DPR) is currently 20.60%.

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.