1,026 Shares in American Express (NYSE:AXP) Purchased by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC acquired a new position in shares of American Express (NYSE:AXP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,026 shares of the payment services company’s stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXP. Norges Bank acquired a new stake in American Express during the fourth quarter worth about $1,785,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of American Express by 463.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,357,487 shares of the payment services company’s stock valued at $1,293,259,000 after acquiring an additional 3,583,959 shares during the last quarter. Capital Research Global Investors increased its position in shares of American Express by 186.3% during the fourth quarter. Capital Research Global Investors now owns 2,986,710 shares of the payment services company’s stock valued at $886,426,000 after acquiring an additional 1,943,463 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of American Express by 346.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,021,873 shares of the payment services company’s stock valued at $600,072,000 after acquiring an additional 1,568,747 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of American Express by 36,719.1% during the fourth quarter. Proficio Capital Partners LLC now owns 1,011,790 shares of the payment services company’s stock valued at $300,289,000 after acquiring an additional 1,009,042 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AXP shares. Argus cut shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 14th. Compass Point dropped their price target on shares of American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Keefe, Bruyette & Woods raised their price objective on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. The Goldman Sachs Group lowered their price objective on shares of American Express from $367.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Finally, Baird R W raised shares of American Express from a “strong sell” rating to a “hold” rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, American Express has an average rating of “Hold” and a consensus target price of $296.05.

Insider Buying and Selling at American Express

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total transaction of $799,008.54. Following the sale, the insider now directly owns 10,919 shares in the company, valued at approximately $2,889,822.54. The trade was a 21.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Angelakis bought 3,700 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average price of $269.89 per share, for a total transaction of $998,593.00. Following the completion of the transaction, the director now directly owns 3,700 shares in the company, valued at approximately $998,593. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

American Express Stock Performance

Shares of American Express stock opened at $285.32 on Friday. The firm’s fifty day simple moving average is $269.05 and its 200-day simple moving average is $288.64. The stock has a market capitalization of $199.89 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.41 and a beta of 1.23. American Express has a 12 month low of $220.43 and a 12 month high of $326.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.17. The business had revenue of $16.97 billion for the quarter, compared to analysts’ expectations of $17.04 billion. American Express had a net margin of 15.36% and a return on equity of 32.65%. During the same period in the previous year, the company posted $3.33 EPS. As a group, equities analysts forecast that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 4th were paid a $0.82 dividend. This is a boost from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, April 4th. American Express’s payout ratio is currently 22.91%.

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.