Fairvoy Private Wealth LLC Invests $289,000 in American Express (NYSE:AXP)

Fairvoy Private Wealth LLC bought a new stake in American Express (NYSE:AXP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 975 shares of the payment services company’s stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new position in American Express during the third quarter worth about $27,000. Kennebec Savings Bank acquired a new stake in shares of American Express during the third quarter worth approximately $29,000. True Wealth Design LLC raised its stake 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 valued at $29,000 after acquiring an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in American Express in the third quarter worth $38,000. Finally, Financial Life Planners bought a new position in shares of American Express in the fourth quarter worth about $38,000. 84.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, January 27th. Evercore ISI raised their price target on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research report on Monday, January 27th. Morgan Stanley upped their target price on shares of American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th. UBS Group boosted their price target on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Finally, HSBC boosted their target price on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $296.38.

American Express Trading Down 1.1 %

AXP stock opened at $316.72 on Friday. The stock has a market cap of $223.11 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24. The company has a fifty day moving average price of $306.05 and a two-hundred day moving average price of $279.30. American Express has a one year low of $207.61 and a one year high of $326.27. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.67 and a quick ratio of 1.63.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Equities analysts anticipate that American Express will post 15.3 EPS for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio is currently 19.99%.

Insiders Place Their Bets

In other news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction 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 sale, the insider now directly owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 30,664 shares of company stock worth $9,613,503 in the last 90 days. Company insiders own 0.12% of the company’s stock.

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.