Quotient Wealth Partners LLC Purchases 327 Shares of American Express (NYSE:AXP)

Quotient Wealth Partners LLC lifted its position in American Express (NYSE:AXP) by 16.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,364 shares of the payment services company’s stock after acquiring an additional 327 shares during the period. Quotient Wealth Partners LLC’s holdings in American Express were worth $702,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Catalina Capital Group LLC lifted its position in American Express by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after buying an additional 34 shares during the period. Auxier Asset Management lifted its position in American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock valued at $1,934,000 after acquiring an additional 35 shares during the period. Abel Hall LLC boosted its stake in American Express by 3.6% during the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after acquiring an additional 35 shares in the last quarter. Sunflower Bank N.A. grew its holdings in American Express by 0.9% in the fourth quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock worth $1,203,000 after purchasing an additional 35 shares during the period. Finally, Foster & Motley Inc. increased its stake in shares of American Express by 2.1% during the fourth quarter. Foster & Motley Inc. now owns 1,716 shares of the payment services company’s stock valued at $509,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

NYSE AXP opened at $316.72 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $223.11 billion, a P/E ratio of 22.61, a PEG ratio of 1.50 and a beta of 1.24. The company has a 50-day moving average price of $306.29 and a 200-day moving average price of $279.80. American Express has a 52 week low of $207.61 and a 52 week high of $326.27.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Equities research analysts anticipate that American Express will post 15.32 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio is presently 19.99%.

Insiders Place Their Bets

In other news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were 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 directly owns 6,433 shares in the company, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the transaction, the insider now directly owns 13,500 shares of the company’s stock, valued at $4,308,795. This represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock worth $9,613,503 over the last quarter. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Cowen upped their price target on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods increased their target price on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Evercore ISI lifted their price target on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research report on Monday, January 27th. BTIG Research increased their price objective on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research report on Friday, January 24th. Finally, Morgan Stanley lifted their target price on shares of American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $296.38.

About American Express

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.