American Express (NYSE:AXP) Shares Purchased by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors increased its holdings in American Express (NYSE:AXP) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,740 shares of the payment services company’s stock after purchasing an additional 75 shares during the quarter. Atlas Private Wealth Advisors’ holdings in American Express were worth $737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AXP. Investment Management Corp VA ADV acquired a new stake in American Express during the fourth quarter valued at approximately $29,000. Sellwood Investment Partners LLC acquired a new stake in American Express during the fourth quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in American Express during the fourth quarter valued at approximately $33,000. Nexus Investment Management ULC acquired a new stake in shares of American Express during the first quarter valued at approximately $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of American Express in the 4th quarter valued at approximately $37,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Express

In related news, insider Howard Grosfield sold 9,450 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 9,402 shares in the company, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the firm’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 completion of the transaction, the insider now owns 10,919 shares in the company, valued at $2,889,822.54. The trade was a 21.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

American Express Stock Performance

Shares of AXP opened at $287.62 on Friday. The company’s fifty day moving average is $278.89 and its 200-day moving average is $288.94. American Express has a 12 month low of $220.43 and a 12 month high of $326.28. The firm has a market cap of $201.50 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.47 by $0.17. American Express had a net margin of 15.36% and a return on equity of 32.65%. The company had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. During the same quarter in the prior year, the business posted $3.33 EPS. Equities analysts expect that American Express will post 15.33 EPS for the current fiscal year.

Analyst Ratings Changes

AXP has been the subject of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $310.00 price target on shares of American Express in a research report on Monday, April 21st. The Goldman Sachs Group reduced their price target on shares of American Express from $367.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Monness Crespi & Hardt upped their price target on shares of American Express from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Truist Financial upped their price target on shares of American Express from $315.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Finally, Robert W. Baird upgraded shares of American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price target for the company in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $296.05.

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.