Winslow Asset Management Inc. Purchases 435 Shares of American Express (NYSE:AXP)

Winslow Asset Management Inc. raised its position in shares of American Express (NYSE:AXP) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,135 shares of the payment services company’s stock after acquiring an additional 435 shares during the quarter. Winslow Asset Management Inc.’s holdings in American Express were worth $6,770,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Atomi Financial Group Inc. boosted its position in shares of American Express by 36.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 1,818 shares of the payment services company’s stock worth $271,000 after purchasing an additional 489 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its position in shares of American Express by 519.0% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 359 shares of the payment services company’s stock worth $54,000 after purchasing an additional 301 shares in the last quarter. Midwest Professional Planners LTD. boosted its position in shares of American Express by 9.0% in the 3rd quarter. Midwest Professional Planners LTD. now owns 2,404 shares of the payment services company’s stock worth $359,000 after purchasing an additional 199 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of American Express by 12.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 48,507 shares of the payment services company’s stock worth $7,237,000 after purchasing an additional 5,183 shares in the last quarter. Finally, Prudential PLC boosted its position in shares of American Express by 10.6% in the 3rd quarter. Prudential PLC now owns 44,881 shares of the payment services company’s stock worth $6,696,000 after purchasing an additional 4,307 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other American Express news, insider Anna Marrs sold 3,592 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $230.93, for a total transaction of $829,500.56. Following the completion of the transaction, the insider now owns 19,932 shares of the company’s stock, valued at approximately $4,602,896.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other American Express news, insider Anna Marrs sold 3,592 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $230.93, for a total transaction of $829,500.56. Following the completion of the transaction, the insider now owns 19,932 shares of the company’s stock, valued at approximately $4,602,896.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Skyler sold 14,802 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $241.73, for a total transaction of $3,578,087.46. Following the transaction, the insider now directly owns 16,371 shares of the company’s stock, valued at approximately $3,957,361.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 177,717 shares of company stock worth $41,680,999. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AXP shares. 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, April 22nd. Wells Fargo & Company upped their price objective on American Express from $265.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, June 4th. Citigroup began coverage on American Express in a research report on Monday. They issued a “neutral” rating and a $250.00 price objective on the stock. Monness Crespi & Hardt raised American Express from a “neutral” rating to a “buy” rating and set a $245.00 price objective on the stock in a research report on Friday, April 5th. Finally, StockNews.com raised American Express from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $220.30.

View Our Latest Stock Report on American Express

American Express Price Performance

AXP stock traded up $3.24 during trading on Friday, reaching $225.43. The company’s stock had a trading volume of 1,077,350 shares, compared to its average volume of 3,045,866. American Express has a 1 year low of $140.91 and a 1 year high of $244.41. 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 company has a market capitalization of $162.15 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The company’s fifty day moving average is $232.66 and its 200-day moving average is $211.17.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.36. American Express had a return on equity of 32.46% and a net margin of 14.50%. The business had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.79 billion. During the same quarter in the prior year, the business posted $2.40 EPS. American Express’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, research analysts expect that American Express will post 13.01 earnings per share for the current fiscal year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.24%. 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 dividend payout ratio is presently 23.06%.

American Express Company 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.

See Also

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

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