American Express (NYSE:AXP) Shares Bought by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC grew its holdings in American Express (NYSE:AXP) by 11.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,367 shares of the payment services company’s stock after buying an additional 333 shares during the quarter. Trueblood Wealth Management LLC’s holdings in American Express were worth $999,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. World Investment Advisors LLC lifted its stake in American Express by 430.6% in the 3rd quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock worth $1,292,000 after purchasing an additional 3,867 shares in the last quarter. XML Financial LLC lifted its position in American Express by 9.8% during the third quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock worth $306,000 after buying an additional 101 shares in the last quarter. LVM Capital Management Ltd. MI boosted its stake in American Express by 3.1% during the fourth quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock worth $25,626,000 after buying an additional 2,557 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in American Express by 2,196.4% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 8,244 shares of the payment services company’s stock valued at $1,909,000 after buying an additional 7,885 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of American Express by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after acquiring an additional 247,864 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AXP shares. StockNews.com raised shares of American Express from a “hold” rating to a “buy” rating in a report on Saturday, January 11th. BTIG Research cut shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target for the company. in a research note on Tuesday, October 8th. Morgan Stanley lifted their price target on shares of American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a research report on Thursday, December 19th. The Goldman Sachs Group increased their price objective on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Truist Financial began coverage on American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price on the stock. Three equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $278.09.

American Express Trading Up 0.4 %

AXP opened at $312.75 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $220.32 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.38 and a beta of 1.23. The business has a fifty day moving average price of $299.26 and a 200 day moving average price of $271.98. American Express has a 12 month low of $177.81 and a 12 month high of $315.40.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The firm had revenue of $16.64 billion for the quarter, compared to analysts’ expectations of $16.68 billion. During the same quarter last year, the company earned $3.30 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Sell-side analysts expect that American Express will post 13.48 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.90%. American Express’s dividend payout ratio (DPR) is currently 20.60%.

Insider Buying and Selling

In other American Express news, insider Anre D. Williams sold 77,887 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the transaction, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 41.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,998 shares of company stock worth $26,423,439. Corporate insiders own 0.11% of the company’s stock.

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.