Fourpath Capital Management LLC Takes Position in American Express Company $AXP

Fourpath Capital Management LLC acquired a new position in American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 688 shares of the payment services company’s stock, valued at approximately $219,000.

Several other large investors also recently bought and sold shares of the business. MorganRosel Wealth Management LLC bought a new stake in shares of American Express during the 1st quarter valued at about $29,000. Chung Wu Investment Group LLC bought a new stake in American Express during the second quarter valued at about $37,000. Hughes Financial Services LLC bought a new stake in American Express during the 1st quarter valued at approximately $35,000. Proffitt & Goodson Inc. bought a new stake in shares of American Express during the second quarter valued at approximately $41,000. Finally, 1 North Wealth Services LLC purchased a new stake in American Express in the 1st quarter worth $37,000. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Down 2.5%

American Express stock opened at $316.27 on Friday. The stock has a 50-day moving average of $322.16 and a two-hundred day moving average of $300.00. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61. American Express Company has a one year low of $220.43 and a one year high of $349.19. The stock has a market cap of $220.09 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.86 by $0.22. American Express had a return on equity of 32.87% and a net margin of 14.78%.The company had revenue of $17.86 billion during the quarter, compared to analysts’ expectations of $17.70 billion. During the same period last year, the business posted $3.49 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 23.02%.

Insider Transactions at American Express

In related news, insider Anna Marrs sold 5,500 shares of American Express stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the completion of the transaction, the insider directly owned 20,311 shares in the company, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the transaction, the chief executive officer owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. This represents a 54.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial upped their price objective on American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Citigroup reissued a “neutral” rating and set a $327.00 target price (up previously from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Finally, William Blair reissued an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $323.60.

American Express Company 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.