Curio Wealth LLC Takes $37,000 Position in American Express (NYSE:AXP)

Curio Wealth LLC purchased a new stake in American Express (NYSE:AXP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 125 shares of the payment services company’s stock, valued at approximately $37,000.

Several other large investors have also modified their holdings of the business. Opal Wealth Advisors LLC lifted its stake in shares of American Express by 1.6% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock valued at $636,000 after purchasing an additional 33 shares during the last quarter. Catalina Capital Group LLC lifted its stake in shares of American Express by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after purchasing an additional 34 shares during the last quarter. Boston Financial Mangement LLC lifted its stake in shares of American Express by 0.9% in the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock valued at $1,189,000 after purchasing an additional 34 shares during the last quarter. Auxier Asset Management lifted its stake in American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after acquiring an additional 35 shares in the last quarter. Finally, Abel Hall LLC lifted its stake in American Express by 3.6% during the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Down 0.5 %

NYSE:AXP opened at $264.36 on Tuesday. The stock’s 50 day moving average price is $300.85 and its 200 day moving average price is $288.45. The company has a market capitalization of $185.72 billion, a PE ratio of 18.87, a P/E/G ratio of 1.41 and a beta of 1.21. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express has a 52-week low of $214.51 and a 52-week high of $326.28.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (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%. On average, research analysts anticipate that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The company also recently declared 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 represents a $3.28 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, April 4th. This is an increase from American Express’s previous quarterly dividend of $0.70. American Express’s dividend payout ratio (DPR) is currently 23.41%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial assumed coverage on American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price on the stock. Evercore ISI increased their target price on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research note on Monday, January 27th. Compass Point decreased their target price on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. UBS Group increased their target price on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their target price on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, American Express presently has an average rating of “Hold” and a consensus target price of $299.24.

Insider Buying and Selling

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Angelakis acquired 3,700 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $269.89 per share, with a total value of $998,593.00. Following the completion of 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 currently owned by company insiders.

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.