Roberts Wealth Advisors LLC Invests $281,000 in American Express (NYSE:AXP)

Roberts Wealth Advisors LLC bought a new stake in American Express (NYSE:AXP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 900 shares of the payment services company’s stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AXP. International Assets Investment Management LLC increased its stake in American Express by 26,783.5% during the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after purchasing an additional 906,353 shares in the last quarter. FMR LLC grew its holdings in shares of American Express by 8.5% during the third 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 last quarter. Pathway Financial Advisers LLC grew its holdings in shares of American Express by 59,816.0% during the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after buying an additional 681,304 shares during the last quarter. World Investment Advisors LLC increased its position in shares of American Express by 35,213.7% during the third quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock worth $86,002,000 after acquiring an additional 316,219 shares in the last quarter. Finally, National Bank of Canada FI lifted its position 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 valued at $191,842,000 after acquiring an additional 300,138 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the sale, the insider now owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This represents a 10.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

American Express Trading Up 1.8 %

Shares of American Express stock opened at $318.07 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $224.07 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.47 and a beta of 1.23. American Express has a 52-week low of $184.06 and a 52-week high of $319.70. The stock’s 50-day simple moving average is $299.65 and its 200 day simple moving average is $272.78.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is currently 20.60%.

Wall Street Analyst Weigh In

AXP has been the subject of a number of recent research reports. BTIG Research lowered American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective for the company. in a report on Tuesday, October 8th. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a research report on Saturday, January 11th. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. UBS Group increased 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, Compass Point boosted their price target on shares of American Express from $315.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus target price of $278.09.

About American Express

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.