American Express Company $AXP Stock Holdings Increased by Calamos Wealth Management LLC

Calamos Wealth Management LLC lifted its holdings in American Express Company (NYSE:AXP) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,400 shares of the payment services company’s stock after purchasing an additional 5,951 shares during the quarter. American Express accounts for approximately 0.7% of Calamos Wealth Management LLC’s holdings, making the stock its 27th largest position. Calamos Wealth Management LLC’s holdings in American Express were worth $20,395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AXP. Briaud Financial Planning Inc acquired a new position in American Express during the 2nd quarter valued at about $26,000. Access Investment Management LLC bought a new position in shares of American Express in the second quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of American Express by 210.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 59 shares in the last quarter. 1 North Wealth Services LLC acquired a new position in shares of American Express during the first quarter valued at approximately $37,000. Finally, Chung Wu Investment Group LLC bought a new stake in American Express during the second quarter worth approximately $37,000. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Down 0.5%

Shares of AXP opened at $373.38 on Wednesday. The business’s 50-day moving average price is $366.07 and its 200 day moving average price is $335.53. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $257.21 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.79 and a beta of 1.14. American Express Company has a 1-year low of $220.43 and a 1-year high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 30th. The payment services company reported ($11.85) EPS for the quarter. The firm had revenue of ($17,139.00) million for the quarter. American Express had a net margin of 14.97% and a return on equity of 33.41%. Analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Morgan Stanley set a $370.00 price target on American Express in a research note on Tuesday, December 16th. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wells Fargo & Company boosted their price target on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Evercore ISI upped their price target on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Finally, DZ Bank raised shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective on the stock in a research note on Tuesday, October 21st. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Express currently has a consensus rating of “Hold” and a consensus price target of $335.55.

Insiders Place Their Bets

In other American Express news, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the sale, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at $30,825,691.17. The trade was a 36.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction on 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 transaction, the insider owned 7,726 shares in the company, valued at $2,709,739.98. This represents a 39.29% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 57,515 shares of company stock worth $20,658,509. Corporate insiders own 0.20% of the company’s stock.

American Express 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.