Good Steward Wealth Advisors LLC Sells 39 Shares of American Express Company $AXP

Good Steward Wealth Advisors LLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 743 shares of the payment services company’s stock after selling 39 shares during the period. Good Steward Wealth Advisors LLC’s holdings in American Express were worth $237,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in American Express by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after acquiring an additional 605,900 shares during the last quarter. Wellington Management Group LLP grew its holdings in American Express by 13.7% during the 1st quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock valued at $4,849,777,000 after buying an additional 2,168,445 shares in the last quarter. Nuveen LLC purchased a new position in American Express during the 1st quarter valued at about $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in American Express by 1.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock valued at $1,370,489,000 after buying an additional 78,538 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in American Express by 8.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,015,269 shares of the payment services company’s stock valued at $1,488,482,000 after buying an additional 408,283 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

NYSE:AXP opened at $325.48 on Friday. The business has a 50 day moving average of $313.29 and a 200 day moving average of $291.91. The company has a market capitalization of $226.50 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.75 and a beta of 1.28. American Express Company has a 1-year low of $220.43 and a 1-year high of $332.46. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.61 and a quick ratio of 1.60.

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

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 3rd were given a $0.82 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. American Express’s payout ratio is presently 23.02%.

Insider Buying and Selling

In related news, insider Laureen Seeger sold 16,998 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $294.83, for a total value of $5,011,520.34. Following the completion of the sale, the insider owned 9,001 shares in the company, valued at $2,653,764.83. The trade was a 65.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Glenda G. Mcneal sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total value of $15,475,000.00. Following the completion of the sale, the insider owned 10,957 shares of the company’s stock, valued at $3,391,191.50. The trade was a 82.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock worth $85,261,270 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AXP shares. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Wednesday, July 2nd. Morgan Stanley lifted their target price on American Express from $250.00 to $311.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Monness Crespi & Hardt lowered American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Citigroup reaffirmed a “neutral” rating and set a $327.00 target price (up previously from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, American Express has an average rating of “Hold” and a consensus price target of $313.45.

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.