2,470 Shares in American Express (NYSE:AXP) Bought by Guided Capital Wealth Management LLC

Guided Capital Wealth Management LLC acquired a new position in shares of American Express (NYSE:AXP) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,470 shares of the payment services company’s stock, valued at approximately $733,000. American Express makes up about 0.7% of Guided Capital Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC increased its holdings in American Express by 26,783.5% in the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after purchasing an additional 906,353 shares in the last quarter. FMR LLC increased its holdings in American Express by 8.5% in the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after purchasing an additional 866,110 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in American Express by 59,816.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after purchasing an additional 681,304 shares in the last quarter. World Investment Advisors LLC increased its holdings in American Express by 35,213.7% in the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock worth $86,002,000 after purchasing an additional 316,219 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in American Express by 73.7% in the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock worth $191,842,000 after purchasing an additional 300,138 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Down 0.2 %

AXP stock opened at $309.61 on Wednesday. American Express has a twelve month low of $207.61 and a twelve month high of $326.27. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. The stock’s 50 day moving average is $306.45 and its 200-day moving average is $280.80. The firm has a market capitalization of $218.11 billion, a PE ratio of 22.10, a P/E/G ratio of 1.50 and a beta of 1.24.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating 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%. Sell-side analysts expect that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were issued a $0.70 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. American Express’s dividend payout ratio is presently 19.99%.

Analyst Ratings Changes

AXP has been the subject of a number of recent research reports. Citigroup upped their target price on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Evercore ISI increased their price target on American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research note on Monday, January 27th. HSBC increased their price target on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Royal Bank of Canada increased their price target on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Finally, TD Cowen increased their price target on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $296.38.

Insider Activity

In related news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the sale, the insider now directly owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the sale, the insider now directly owns 13,500 shares of the company’s stock, valued at $4,308,795. The trade was a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,664 shares of company stock worth $9,613,503 over the last 90 days. 0.11% of the stock is currently owned by corporate 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.