McGlone Suttner Wealth Management Inc. Has $956,000 Stock Position in American Express (NYSE:AXP)

McGlone Suttner Wealth Management Inc. increased its position in shares of American Express (NYSE:AXP) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,220 shares of the payment services company’s stock after purchasing an additional 50 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in American Express were worth $956,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Prospera Private Wealth LLC bought a new stake in shares of American Express in the 3rd quarter valued at approximately $27,000. Kennebec Savings Bank acquired a new stake in American Express in the 3rd quarter valued at $29,000. True Wealth Design LLC boosted its stake in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in American Express in the third quarter valued at $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in American Express during the third quarter worth $46,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AXP has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Wells Fargo & Company boosted their price target on shares of American Express from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods raised their price objective on shares of American Express from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a report on Saturday, January 11th. Finally, Monness Crespi & Hardt increased their price target on American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, American Express presently has an average rating of “Hold” and an average price target of $278.09.

Insider Buying and Selling at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction dated 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 transaction, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

American Express Stock Performance

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

American Express (NYSE:AXP) last issued its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. As a group, sell-side analysts expect that American Express will post 13.4 earnings per share for the current year.

American Express Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.86%. American Express’s dividend payout ratio is presently 20.60%.

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.