KFA Private Wealth Group LLC Has $470,000 Holdings in American Express (NYSE:AXP)

KFA Private Wealth Group LLC lifted its position in shares of American Express (NYSE:AXP) by 3.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,584 shares of the payment services company’s stock after purchasing an additional 51 shares during the period. KFA Private Wealth Group LLC’s holdings in American Express were worth $470,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. World Investment Advisors LLC raised its position in shares of American Express by 430.6% during the third 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 during the period. XML Financial LLC raised its position in American Express by 9.8% in the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after buying an additional 101 shares during the last quarter. LVM Capital Management Ltd. MI raised its position in American Express by 3.1% in the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after buying an additional 2,557 shares during the last quarter. Nordea Investment Management AB raised its position in 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 valued at $655,137,000 after buying an additional 247,864 shares during the last quarter. Finally, Founders Grove Wealth Partners LLC bought a new position in American Express in the 4th quarter valued at $298,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on AXP. Keefe, Bruyette & Woods upped their price objective on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank of Canada increased their price target on American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday. Truist Financial began coverage on American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target for the company. Citigroup increased their price target on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Hsbc Global Res downgraded American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, American Express has a consensus rating of “Hold” and a consensus price target of $291.50.

Insiders Place Their Bets

In other news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

American Express Trading Down 1.6 %

AXP opened at $316.23 on Tuesday. The stock’s fifty day moving average is $302.35 and its two-hundred day moving average is $275.17. The company has a market capitalization of $222.77 billion, a P/E ratio of 23.27, a PEG ratio of 1.51 and a beta of 1.23. American Express has a 52 week low of $199.07 and a 52 week high of $326.27. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. Analysts forecast that American Express will post 13.4 earnings per share 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 is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.89%. American Express’s dividend payout ratio is currently 20.60%.

American Express 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.