14,315 Shares in American Express (NYSE:AXP) Bought by Wynn Capital LLC

Wynn Capital LLC purchased a new position in American Express (NYSE:AXP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,315 shares of the payment services company’s stock, valued at approximately $2,682,000. American Express makes up 2.2% of Wynn Capital LLC’s investment portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Advisors LLC lifted its holdings in American Express by 1.1% during the fourth quarter. Strategic Advisors LLC now owns 5,244 shares of the payment services company’s stock worth $982,000 after acquiring an additional 58 shares in the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of American Express by 1.3% in the fourth quarter. WASHINGTON TRUST Co now owns 4,894 shares of the payment services company’s stock valued at $917,000 after purchasing an additional 64 shares in the last quarter. Beaumont Financial Advisors LLC lifted its holdings in shares of American Express by 0.7% in the fourth quarter. Beaumont Financial Advisors LLC now owns 8,786 shares of the payment services company’s stock valued at $1,646,000 after purchasing an additional 64 shares in the last quarter. Venture Visionary Partners LLC increased its position in shares of American Express by 0.3% in the fourth quarter. Venture Visionary Partners LLC now owns 23,211 shares of the payment services company’s stock valued at $4,349,000 after acquiring an additional 65 shares during the last quarter. Finally, Prairie Sky Financial Group LLC increased its position in shares of American Express by 1.6% in the fourth quarter. Prairie Sky Financial Group LLC now owns 4,181 shares of the payment services company’s stock valued at $783,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.1 %

AXP traded up $0.27 during midday trading on Wednesday, hitting $239.23. 4,427,638 shares of the company were exchanged, compared to its average volume of 3,196,399. The firm has a market capitalization of $172.08 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.33 and a beta of 1.23. American Express has a 1-year low of $140.91 and a 1-year high of $240.55. The firm’s 50 day moving average price is $221.05 and its 200-day moving average price is $190.19. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 1.70.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.36. American Express had a return on equity of 32.46% and a net margin of 14.50%. The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.79 billion. During the same period last year, the company posted $2.40 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that American Express will post 12.96 EPS for the current fiscal year.

American Express Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AXP shares. Robert W. Baird downgraded American Express from a “neutral” rating to an “underperform” rating and set a $190.00 target price on the stock. in a research report on Monday, January 8th. Evercore ISI boosted their price target on American Express from $243.00 to $255.00 and gave the stock an “in-line” rating in a research report on Wednesday. Royal Bank of Canada boosted their price target on American Express from $250.00 to $253.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, TD Cowen boosted their price target on American Express from $221.00 to $225.00 and gave the stock a “hold” rating in a research report on Monday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $209.52.

Insider Transactions at American Express

In related news, insider Monique Herena sold 11,242 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $208.41, for a total value of $2,342,945.22. Following the completion of the sale, the insider now directly owns 13,874 shares of the company’s stock, valued at approximately $2,891,480.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Monique Herena sold 11,242 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $208.41, for a total value of $2,342,945.22. Following the completion of the sale, the insider now directly owns 13,874 shares of the company’s stock, valued at approximately $2,891,480.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Howard Grosfield sold 7,029 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $203.65, for a total value of $1,431,455.85. Following the completion of the sale, the insider now directly owns 12,388 shares of the company’s stock, valued at $2,522,816.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,047 shares of company stock valued at $36,528,388. Corporate insiders own 0.11% of the company’s stock.

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.