Greenwich Wealth Management LLC Acquires 356 Shares of American Express (NYSE:AXP)

Greenwich Wealth Management LLC lifted its holdings in shares of American Express (NYSE:AXP) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,394 shares of the payment services company’s stock after buying an additional 356 shares during the quarter. Greenwich Wealth Management LLC’s holdings in American Express were worth $414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AXP. Opal Wealth Advisors LLC raised its position in shares of American Express by 1.6% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock valued at $636,000 after acquiring an additional 33 shares during the last quarter. Catalina Capital Group LLC lifted its stake in American Express by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after buying an additional 34 shares during the period. Boston Financial Mangement LLC boosted its holdings in American Express by 0.9% during the fourth quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock worth $1,189,000 after buying an additional 34 shares during the last quarter. Auxier Asset Management grew its position in shares of American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after buying an additional 35 shares during the period. Finally, Abel Hall LLC increased its stake in shares of American Express by 3.6% in the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after acquiring an additional 35 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Insider Activity

In other American Express news, Director Michael J. Angelakis purchased 3,700 shares of American Express stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $269.89 per share, for a total transaction of $998,593.00. Following the completion of the acquisition, the director now owns 3,700 shares of the company’s stock, valued at approximately $998,593. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the transaction, the insider now directly owns 13,500 shares in the company, 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 own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AXP shares. Truist Financial initiated coverage on shares of American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Morgan Stanley upped their price objective on shares of American Express from $305.00 to $310.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. StockNews.com lowered American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Monness Crespi & Hardt increased their price target on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Baird R W upgraded American Express from a “strong sell” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $299.24.

American Express Price Performance

Shares of NYSE AXP opened at $266.04 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The business has a 50-day moving average of $301.59 and a 200-day moving average of $288.41. The stock has a market capitalization of $186.90 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.41 and a beta of 1.21. American Express has a fifty-two week low of $214.51 and a fifty-two week high of $326.27.

American Express (NYSE:AXP) last announced 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 return on equity of 32.65% and a net margin of 15.36%. As a group, sell-side analysts predict that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

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

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.