American Express Company $AXP Shares Bought by Enclave Advisors LLC

Enclave Advisors LLC raised its holdings in shares of American Express Company (NYSE:AXP) by 166.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,591 shares of the payment services company’s stock after buying an additional 2,244 shares during the quarter. Enclave Advisors LLC’s holdings in American Express were worth $1,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXP. Revisor Wealth Management LLC raised its holdings in American Express by 3.3% in the 3rd quarter. Revisor Wealth Management LLC now owns 3,554 shares of the payment services company’s stock valued at $1,153,000 after acquiring an additional 113 shares during the last quarter. True North Advisors LLC grew its position in shares of American Express by 2.9% in the third quarter. True North Advisors LLC now owns 1,731 shares of the payment services company’s stock valued at $575,000 after purchasing an additional 48 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of American Express by 1.2% in the third quarter. Trust Co. of Vermont now owns 23,786 shares of the payment services company’s stock valued at $7,901,000 after purchasing an additional 282 shares during the last quarter. Farther Finance Advisors LLC lifted its position in American Express by 13.7% during the third quarter. Farther Finance Advisors LLC now owns 12,403 shares of the payment services company’s stock worth $4,120,000 after buying an additional 1,495 shares in the last quarter. Finally, Berger Financial Group Inc lifted its position in American Express by 1.4% during the third quarter. Berger Financial Group Inc now owns 2,232 shares of the payment services company’s stock worth $741,000 after buying an additional 31 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Trading Up 0.3%

NYSE AXP opened at $382.08 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The stock has a market capitalization of $263.20 billion, a P/E ratio of 25.64, a PEG ratio of 1.82 and a beta of 1.14. The firm’s 50-day moving average is $362.28 and its two-hundred day moving average is $332.65. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 30th. The payment services company reported ($11.85) earnings per share (EPS) for the quarter. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company had revenue of ($17,139.00) million during the quarter. On average, sell-side analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s dividend payout ratio is 22.01%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AXP shares. HSBC set a $295.00 target price on American Express and gave the stock a “hold” rating in a research note on Friday, October 10th. BTIG Research upped their price objective on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. Wall Street Zen downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Truist Financial boosted their target price on shares of American Express from $395.00 to $420.00 and gave the company a “buy” rating in a report on Monday. Finally, Wolfe Research initiated coverage on shares of American Express in a research note on Monday, December 8th. They issued a “peer perform” rating for the company. Eight equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $335.55.

Insiders Place Their Bets

In related news, insider Douglas Tabish sold 2,515 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the transaction, the insider owned 2,515 shares of the company’s stock, valued at approximately $894,359.15. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the transaction, the insider directly owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,515 shares of company stock worth $20,658,509 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.