Greenwich Wealth Management LLC Has $414,000 Holdings in American Express (NYSE:AXP)

Greenwich Wealth Management LLC increased its holdings in American Express (NYSE:AXP) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,394 shares of the payment services company’s stock after buying an additional 356 shares during the period. Greenwich Wealth Management LLC’s holdings in American Express were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in American Express in the 3rd quarter valued at $27,000. True Wealth Design LLC increased its position in shares of American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after purchasing an additional 83 shares during the period. Financial Life Planners acquired a new position in American Express in the fourth quarter valued at about $38,000. Sierra Ocean LLC bought a new stake in American Express during the fourth quarter worth about $40,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in American Express during the third quarter worth about $38,000. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

NYSE:AXP opened at $266.04 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. American Express has a fifty-two week low of $214.51 and a fifty-two week high of $326.27. The company has a 50 day simple moving average of $301.59 and a two-hundred day simple moving average of $288.41. The company has a market capitalization of $186.90 billion, a PE ratio of 18.99, a P/E/G ratio of 1.41 and a beta of 1.21.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Research analysts anticipate that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from American Express’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, April 4th. American Express’s payout ratio is currently 23.41%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AXP. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Monday, January 27th. UBS Group upped 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. Robert W. Baird upgraded American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price target on the stock in a research note on Friday. Citigroup upped their price objective on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Finally, Baird R W upgraded American Express from a “strong sell” rating to a “hold” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $299.24.

Insider Buying and Selling

In other American Express news, Director Michael J. Angelakis purchased 3,700 shares of the business’s stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the acquisition, the director now owns 3,700 shares of the company’s stock, valued at approximately $998,593. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction on Tuesday, January 28th. The shares were 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 owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

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.