McGlone Suttner Wealth Management Inc. Acquires 159 Shares of American Express (NYSE:AXP)

McGlone Suttner Wealth Management Inc. boosted its holdings in American Express (NYSE:AXP) by 7.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,384 shares of the payment services company’s stock after purchasing an additional 159 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in American Express were worth $447,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. RB Capital Management LLC increased its holdings in shares of American Express by 5.3% during the first quarter. RB Capital Management LLC now owns 3,783 shares of the payment services company’s stock valued at $707,000 after acquiring an additional 190 shares in the last quarter. Roundview Capital LLC boosted its position in shares of American Express by 0.4% during the first quarter. Roundview Capital LLC now owns 27,029 shares of the payment services company’s stock valued at $5,054,000 after buying an additional 105 shares during the last quarter. Zions Bancorporation N.A. boosted its position in shares of American Express by 5.6% during the first quarter. Zions Bancorporation N.A. now owns 1,421 shares of the payment services company’s stock valued at $266,000 after buying an additional 75 shares during the last quarter. Covestor Ltd boosted its position in shares of American Express by 207.1% during the first quarter. Covestor Ltd now owns 946 shares of the payment services company’s stock valued at $177,000 after buying an additional 638 shares during the last quarter. Finally, Donaldson Capital Management LLC purchased a new position in shares of American Express during the first quarter valued at approximately $397,000. 84.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AXP. Robert W. Baird cut American Express from a “neutral” rating to an “underperform” rating and set a $190.00 target price on the stock. in a research report on Monday, January 8th. Oppenheimer boosted their price objective on American Express from $208.00 to $219.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Monness Crespi & Hardt started coverage on American Express in a research report on Wednesday, December 20th. They issued a “neutral” rating on the stock. Evercore ISI boosted their price objective on American Express from $229.00 to $243.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, Morgan Stanley cut American Express from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $212.00 to $222.00 in a research report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, American Express currently has a consensus rating of “Hold” and a consensus target price of $191.84.

American Express Stock Down 0.0 %

Shares of NYSE:AXP traded down $0.06 during trading on Thursday, hitting $227.69. The stock had a trading volume of 2,272,597 shares, compared to its average volume of 3,159,846. American Express has a 12 month low of $140.91 and a 12 month high of $231.69. The company has a market capitalization of $164.82 billion, a PE ratio of 20.34, a PEG ratio of 1.26 and a beta of 1.23. The firm’s fifty day moving average is $211.85 and its 200 day moving average is $180.65. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.71.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 26th. The payment services company reported $2.62 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.02). American Express had a net margin of 13.84% and a return on equity of 30.99%. The company had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16 billion. During the same period last year, the business earned $2.07 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. Analysts anticipate that American Express will post 12.83 EPS for the current fiscal year.

American Express Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is presently 21.41%.

Insider Activity at American Express

In other American Express news, insider Monique Herena sold 11,242 shares of American Express stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $208.41, for a total value of $2,342,945.22. Following the completion of the sale, the insider now owns 13,874 shares of the company’s stock, valued at approximately $2,891,480.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Laureen Seeger sold 84,420 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $212.98, for a total value of $17,979,771.60. Following the transaction, the insider now directly owns 57,512 shares in the company, valued at approximately $12,248,905.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Monique Herena sold 11,242 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $208.41, for a total value of $2,342,945.22. Following the completion of the transaction, the insider now owns 13,874 shares in the company, valued at $2,891,480.34. The disclosure for this sale can be found here. Insiders sold a total of 172,047 shares of company stock valued at $36,528,388 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

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.