Murphy & Mullick Capital Management Corp Takes $33,000 Position in American Express (NYSE:AXP)

Murphy & Mullick Capital Management Corp purchased a new stake in American Express (NYSE:AXP) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 112 shares of the payment services company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AXP. True Wealth Design LLC increased its stake in shares of American Express by 332.0% during the third 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. Curio Wealth LLC purchased a new stake in American Express during the 4th quarter worth approximately $37,000. Itau Unibanco Holding S.A. acquired a new position in shares of American Express during the third quarter valued at approximately $38,000. Financial Life Planners purchased a new position in shares of American Express in the fourth quarter valued at approximately $38,000. Finally, Sierra Ocean LLC acquired a new stake in shares of American Express in the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In related news, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the transaction, the insider now directly owns 23,866 shares in the company, valued at approximately $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Angelakis purchased 3,700 shares of the business’s stock in a transaction on Friday, March 7th. The shares were bought at an average price of $269.89 per share, for a total transaction of $998,593.00. Following the acquisition, the director now owns 3,700 shares in the company, valued at $998,593. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by corporate insiders.

American Express Stock Down 1.4 %

Shares of NYSE AXP opened at $272.15 on Friday. American Express has a 52-week low of $214.51 and a 52-week high of $326.28. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $295.97 and its two-hundred day moving average is $289.03. The firm has a market cap of $191.19 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.41 and a beta of 1.21.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Research analysts predict that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, April 4th. This is a positive change from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 dividend on an annualized basis and a yield of 1.21%. American Express’s dividend payout ratio is 23.41%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AXP shares. Truist Financial assumed coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Bank of America decreased their price target on shares of American Express from $326.00 to $325.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. BTIG Research upped their price objective on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research note on Friday, January 24th. The Goldman Sachs Group decreased their target price on shares of American Express from $367.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Finally, UBS Group upped their price target on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $302.57.

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.