American Express Company $AXP Shares Bought by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in shares of American Express Company (NYSE:AXP) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,530 shares of the payment services company’s stock after buying an additional 350 shares during the quarter. American Express makes up approximately 1.3% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 16th largest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in American Express were worth $2,721,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AXP. MorganRosel Wealth Management LLC acquired a new position in shares of American Express during the 1st quarter worth about $29,000. Hughes Financial Services LLC purchased a new stake in American Express during the 1st quarter worth approximately $35,000. 1 North Wealth Services LLC acquired a new position in shares of American Express during the first quarter valued at approximately $37,000. Chung Wu Investment Group LLC purchased a new position in shares of American Express in the second quarter valued at approximately $37,000. Finally, IAG Wealth Partners LLC acquired a new stake in shares of American Express in the first quarter worth approximately $40,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the transaction, the insider owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laureen Seeger sold 61,721 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $297.47, for a total value of $18,360,145.87. Following the completion of the sale, the insider directly owned 9,001 shares in the company, valued at approximately $2,677,527.47. The trade was a 87.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock valued at $85,261,270 over the last quarter. 0.20% of the stock is owned by insiders.

American Express Stock Down 0.1%

AXP stock opened at $330.10 on Monday. American Express Company has a one year low of $220.43 and a one year high of $349.19. The firm has a market cap of $229.71 billion, a PE ratio of 23.17, a PEG ratio of 1.75 and a beta of 1.29. The firm’s 50 day moving average price is $320.01 and its 200-day moving average price is $298.63. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.86 by $0.22. American Express had a return on equity of 32.87% and a net margin of 14.78%.The company had revenue of $17.86 billion during the quarter, compared to analysts’ expectations of $17.70 billion. During the same quarter last year, the firm earned $3.49 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. American Express’s dividend payout ratio is presently 23.02%.

Analyst Ratings Changes

AXP has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. Truist Financial raised their price target on shares of American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Finally, Barclays boosted their target price on American Express from $249.00 to $297.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Eight analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $319.95.

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.