Brown Miller Wealth Management LLC Purchases 820 Shares of American Express (NYSE:AXP)

Brown Miller Wealth Management LLC boosted its position in American Express (NYSE:AXP) by 100.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,640 shares of the payment services company’s stock after purchasing an additional 820 shares during the period. Brown Miller Wealth Management LLC’s holdings in American Express were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of AXP. Capital & Planning LLC bought a new stake in shares of American Express during the fourth quarter worth $213,000. Brighton Jones LLC increased its position in shares of American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after acquiring an additional 1,273 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of American Express by 24.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,633 shares of the payment services company’s stock worth $781,000 after acquiring an additional 525 shares during the period. Aveo Capital Partners LLC bought a new stake in shares of American Express during the fourth quarter valued at approximately $504,000. Finally, Roxbury Financial LLC purchased a new position in American Express during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of analyst reports. Truist Financial upped their target price on American Express from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. Baird R W upgraded shares of American Express from a “strong sell” rating to a “hold” rating in a report on Friday, March 14th. Robert W. Baird upgraded shares of American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price target on the stock in a report on Friday, March 14th. Redburn Atlantic raised shares of American Express from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Finally, Monness Crespi & Hardt raised their price objective on American Express from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, American Express has a consensus rating of “Hold” and an average target price of $296.05.

Insider Buying and Selling at American Express

In related news, insider Glenda G. Mcneal sold 3,019 shares of the business’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the sale, the insider now owns 10,919 shares in the company, valued at approximately $2,889,822.54. The trade was a 21.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total value of $2,603,475.00. Following the transaction, the insider now owns 9,402 shares of the company’s stock, valued at $2,590,251. This trade represents a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

American Express Trading Down 3.5%

Shares of American Express stock opened at $287.62 on Monday. The stock has a 50 day moving average of $278.89 and a 200 day moving average of $288.83. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market capitalization of $201.50 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.41 and a beta of 1.25. American Express has a fifty-two week low of $220.43 and a fifty-two week high of $326.28.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.17. The business had revenue of $16.97 billion during the quarter, compared to analysts’ expectations of $17.04 billion. American Express had a return on equity of 32.65% and a net margin of 15.36%. During the same period in the prior year, the business posted $3.33 EPS. As a group, research analysts predict that American Express will post 15.33 earnings per share for the current year.

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.