American Express Company (NYSE:AXP) Shares Bought by Omnia Family Wealth LLC

Omnia Family Wealth LLC lifted its stake in shares of American Express Company (NYSE:AXP) by 30.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 905 shares of the payment services company’s stock after acquiring an additional 210 shares during the quarter. Omnia Family Wealth LLC’s holdings in American Express were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Investment Management Corp VA ADV purchased a new stake in shares of American Express during the fourth quarter worth $29,000. Sellwood Investment Partners LLC purchased a new stake in shares of American Express during the fourth quarter worth $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of American Express during the fourth quarter worth $33,000. Nexus Investment Management ULC purchased a new stake in shares of American Express during the first quarter worth $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of American Express during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $308.73 on Thursday. The stock’s 50-day moving average is $286.36 and its two-hundred day moving average is $288.84. The firm has a market cap of $216.29 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.50 and a beta of 1.25. American Express Company has a 1 year low of $220.43 and a 1 year high of $326.28. 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 announced its earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.17. American Express had a net margin of 15.31% and a return on equity of 32.48%. The business had revenue of $16.97 billion during the quarter, compared to the consensus estimate of $17.04 billion. During the same quarter in the prior year, the firm earned $3.33 earnings per share. Analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $3.28 annualized dividend and a dividend yield of 1.06%. American Express’s dividend payout ratio (DPR) is 22.91%.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of recent research reports. Redburn Atlantic raised American Express from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $310.00 target price on shares of American Express in a report on Monday, April 21st. Robert W. Baird raised American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price target for the company in a report on Friday, March 14th. BTIG Research decreased their price target on American Express from $272.00 to $240.00 and set a “sell” rating for the company in a report on Monday, April 21st. Finally, Truist Financial lifted their price target on American Express from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $296.05.

Insider Transactions at American Express

In related news, insider Howard Grosfield sold 9,450 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total value of $2,603,475.00. Following the completion of the sale, the insider now owns 9,402 shares in the company, valued at $2,590,251. This trade represents a 50.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total transaction of $799,008.54. Following the completion of the sale, the insider now owns 10,919 shares of the company’s stock, valued at approximately $2,889,822.54. The trade was a 21.66% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% 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.