1,252 Shares in American Express (NYSE:AXP) Purchased by Redmond Asset Management LLC

Redmond Asset Management LLC purchased a new position in American Express (NYSE:AXP) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,252 shares of the payment services company’s stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Prospera Private Wealth LLC bought a new stake in shares of American Express in the 3rd quarter worth approximately $27,000. Kennebec Savings Bank bought a new position in shares of American Express in the third quarter valued at $29,000. True Wealth Design LLC increased its holdings 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 buying an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of American Express during the 3rd quarter valued at $38,000. Finally, Financial Life Planners bought a new stake in shares of American Express during the 4th quarter worth $38,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXP has been the subject of a number of recent analyst reports. Citigroup increased their price target on American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. William Blair reiterated an “outperform” rating on shares of American Express in a report on Monday, January 27th. Wells Fargo & Company boosted their price target on shares of American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, January 31st. StockNews.com downgraded shares of American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Evercore ISI lifted their price objective on shares of American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research report on Monday, January 27th. 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 company’s stock. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and a consensus price target of $296.38.

American Express Price Performance

Shares of AXP opened at $295.23 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market cap of $207.41 billion, a PE ratio of 21.07, a PEG ratio of 1.45 and a beta of 1.24. American Express has a twelve month low of $212.48 and a twelve month high of $326.27. The firm’s 50 day moving average price is $307.54 and its 200 day moving average price is $284.65.

American Express (NYSE:AXP) last issued its quarterly earnings data 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 net margin of 15.36% and a return on equity of 32.65%. As a group, research analysts expect that American Express will post 15.33 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. Investors of record on Friday, January 3rd were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.95%. American Express’s dividend payout ratio (DPR) is currently 19.99%.

Insiders Place Their Bets

In related news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction 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 transaction, the insider now owns 13,500 shares in the company, valued at $4,308,795. This trade represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock valued at $9,613,503 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

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.