Tred Avon Family Wealth LLC Acquires Shares of 4,132 American Express Company $AXP

Tred Avon Family Wealth LLC bought a new position in shares of American Express Company (NYSE:AXP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,132 shares of the payment services company’s stock, valued at approximately $1,372,000.

A number of other institutional investors have also made changes to their positions in AXP. Fiduciary Family Office LLC lifted its stake in shares of American Express by 5.0% during the third quarter. Fiduciary Family Office LLC now owns 8,956 shares of the payment services company’s stock valued at $2,975,000 after acquiring an additional 430 shares during the period. Nippon Life Global Investors Americas Inc. raised its holdings in American Express by 12.8% during the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 55,110 shares of the payment services company’s stock worth $18,305,000 after purchasing an additional 6,240 shares during the last quarter. CFC Planning Co LLC lifted its position in American Express by 5.7% during the 3rd quarter. CFC Planning Co LLC now owns 18,302 shares of the payment services company’s stock valued at $6,079,000 after purchasing an additional 983 shares during the period. Stenger Family Office LLC lifted its position in American Express by 17.1% during the 3rd quarter. Stenger Family Office LLC now owns 11,713 shares of the payment services company’s stock valued at $4,236,000 after purchasing an additional 1,712 shares during the period. Finally, BLVD Private Wealth LLC bought a new position in shares of American Express in the 3rd quarter valued at about $202,000. 84.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American Express news, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the sale, the insider owned 2,515 shares of the company’s stock, valued at $894,359.15. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Elizabeth Rutledge sold 50,000 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the transaction, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at $30,825,691.17. This represents a 36.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,515 shares of company stock worth $20,658,509 over the last ninety days. Company insiders own 0.20% of the company’s stock.

American Express Stock Up 2.1%

Shares of American Express stock opened at $365.03 on Friday. The company has a market capitalization of $251.45 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The business has a 50-day moving average of $368.55 and a two-hundred day moving average of $341.19. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 30th. The payment services company reported ($11.85) earnings per share for the quarter, missing the consensus estimate of $3.56 by ($15.41). American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. As a group, equities analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s dividend payout ratio is currently 22.01%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AXP shares. UBS Group set a $385.00 price objective on shares of American Express in a report on Monday, January 12th. Morgan Stanley set a $370.00 price target on American Express in a research report on Tuesday, December 16th. Wolfe Research started coverage on American Express in a research note on Monday, December 8th. They set a “peer perform” rating for the company. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Finally, HSBC set a $295.00 target price on American Express and gave the stock a “hold” rating in a research report on Friday, October 10th. Nine analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $352.82.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.