Ashton Thomas Private Wealth LLC Boosts Position in American Express (NYSE:AXP)

Ashton Thomas Private Wealth LLC raised its stake in American Express (NYSE:AXP) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,108 shares of the payment services company’s stock after buying an additional 546 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in American Express were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. CIC Wealth LLC increased its holdings in American Express by 3.2% during the 1st quarter. CIC Wealth LLC now owns 1,518 shares of the payment services company’s stock worth $346,000 after purchasing an additional 47 shares during the period. Aspiriant LLC increased its stake in shares of American Express by 0.8% during the first quarter. Aspiriant LLC now owns 6,330 shares of the payment services company’s stock valued at $1,441,000 after buying an additional 48 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of American Express by 3.4% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,490 shares of the payment services company’s stock valued at $279,000 after acquiring an additional 49 shares in the last quarter. Level Four Advisory Services LLC lifted its stake in American Express by 2.3% in the fourth quarter. Level Four Advisory Services LLC now owns 2,188 shares of the payment services company’s stock worth $410,000 after acquiring an additional 50 shares during the period. Finally, Game Plan Financial Advisors LLC grew its holdings in American Express by 62.5% during the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AXP shares. Citigroup started coverage on shares of American Express in a research report on Monday, June 10th. They issued a “neutral” rating and a $250.00 price target for the company. JPMorgan Chase & Co. increased their price objective on American Express from $214.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Evercore ISI raised their price target on shares of American Express from $243.00 to $255.00 and gave the stock an “in-line” rating in a report on Wednesday, April 24th. StockNews.com upgraded American Express from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Wells Fargo & Company increased their price objective on American Express from $265.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, June 4th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, American Express has an average rating of “Hold” and an average target price of $220.30.

View Our Latest Report on American Express

Insider Activity

In related news, CEO Stephen J. Squeri sold 38,873 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $238.63, for a total transaction of $9,276,263.99. Following the completion of the sale, the chief executive officer now directly owns 76,310 shares in the company, valued at $18,209,855.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Quinn Jessica Lieberman sold 3,141 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $232.36, for a total transaction of $729,842.76. Following the completion of the transaction, the executive vice president now directly owns 258 shares in the company, valued at approximately $59,948.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen J. Squeri sold 38,873 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $238.63, for a total transaction of $9,276,263.99. Following the completion of the sale, the chief executive officer now owns 76,310 shares in the company, valued at $18,209,855.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 177,717 shares of company stock valued at $41,680,999. 0.11% of the stock is currently owned by insiders.

American Express Trading Down 0.1 %

Shares of AXP opened at $235.58 on Friday. The firm’s fifty day moving average is $234.55 and its two-hundred day moving average is $217.80. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.70. The stock has a market cap of $169.45 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.34 and a beta of 1.21. American Express has a 52-week low of $140.91 and a 52-week high of $244.41.

American Express (NYSE:AXPGet Free Report) last released its earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.36. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. American Express had a net margin of 14.50% and a return on equity of 32.46%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $2.40 EPS. Research analysts forecast that American Express will post 12.98 earnings per share for the current fiscal year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, July 5th. This is a positive change from American Express’s previous quarterly dividend of $0.10. American Express’s payout ratio is currently 23.06%.

American Express Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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