American Express (NYSE:AXP) Shares Purchased by Fielder Capital Group LLC

Fielder Capital Group LLC increased its holdings in shares of American Express (NYSE:AXP) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,019 shares of the payment services company’s stock after buying an additional 102 shares during the period. Fielder Capital Group LLC’s holdings in American Express were worth $1,786,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Prospera Private Wealth LLC purchased a new position in shares of American Express in the 3rd quarter valued at about $27,000. Kennebec Savings Bank acquired a new stake in American Express in the third quarter valued at approximately $29,000. True Wealth Design LLC raised its holdings in American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in American Express in the third quarter worth approximately $38,000. Finally, Financial Life Planners acquired a new position in American Express during the 4th quarter worth approximately $38,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of NYSE:AXP opened at $294.09 on Friday. American Express has a one year low of $214.51 and a one year high of $326.27. The stock has a market capitalization of $206.61 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.41 and a beta of 1.24. The company has a 50-day simple moving average of $307.39 and a 200-day simple moving average of $285.99. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, analysts predict that American Express will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s dividend payout ratio is presently 19.99%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Compass Point cut their price target on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Monday, January 27th. Monness Crespi & Hardt increased their price objective on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Truist Financial initiated coverage on American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price for the company. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $296.38.

Insider Activity at American Express

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the transaction, the insider now directly owns 13,500 shares of the company’s stock, valued at $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the sale, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. This represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

American Express Profile

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.