Impact Capital Partners LLC Purchases Shares of 1,643 American Express (NYSE:AXP)

Impact Capital Partners LLC purchased a new stake in American Express (NYSE:AXP) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,643 shares of the payment services company’s stock, valued at approximately $488,000.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of American Express by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock valued at $3,104,735,000 after buying an additional 86,100 shares during the period. FMR LLC grew its stake in shares of American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after buying an additional 866,110 shares during the period. Fisher Asset Management LLC grew its stake in shares of American Express by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 8,761,336 shares of the payment services company’s stock valued at $2,600,277,000 after buying an additional 95,927 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of American Express by 5.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock valued at $1,249,415,000 after buying an additional 239,173 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of American Express by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock valued at $1,074,168,000 after buying an additional 33,193 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Performance

AXP stock opened at $256.31 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The firm has a market cap of $180.07 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.41 and a beta of 1.21. American Express has a 12-month low of $214.51 and a 12-month high of $326.27. The stock’s 50 day simple moving average is $302.33 and its 200 day simple moving average is $287.88.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. As a group, equities research analysts predict that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be paid a dividend of $0.82 per share. This is an increase from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, April 4th. American Express’s dividend payout ratio is presently 23.41%.

Insider Buying and Selling

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the transaction, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael J. Angelakis purchased 3,700 shares of American Express stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $269.89 per share, with a total value of $998,593.00. Following the transaction, the director now directly owns 3,700 shares in the company, valued at $998,593. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AXP shares. Truist Financial started coverage on shares of American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Keefe, Bruyette & Woods lifted their target price on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. UBS Group lifted their target price on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Finally, StockNews.com lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $296.38.

American Express 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.