Insight Inv LLC Has $3.77 Million Stock Holdings in American Express Company $AXP

Insight Inv LLC reduced its holdings in shares of American Express Company (NYSE:AXP) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,811 shares of the payment services company’s stock after selling 210 shares during the quarter. American Express accounts for about 2.5% of Insight Inv LLC’s holdings, making the stock its 7th biggest holding. Insight Inv LLC’s holdings in American Express were worth $3,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of American Express during the 1st quarter worth $29,000. Hughes Financial Services LLC bought a new position in American Express in the first quarter valued at about $35,000. 1 North Wealth Services LLC bought a new position in American Express in the first quarter valued at about $37,000. Chung Wu Investment Group LLC bought a new position in American Express in the second quarter valued at about $37,000. Finally, IAG Wealth Partners LLC bought a new position in American Express in the first quarter valued at about $40,000. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Down 1.3%

Shares of American Express stock opened at $323.86 on Thursday. 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 Company has a 52 week low of $220.43 and a 52 week high of $349.19. The stock has a 50 day moving average price of $321.23 and a two-hundred day moving average price of $299.43. The stock has a market capitalization of $225.37 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.86 by $0.22. American Express had a return on equity of 32.87% and a net margin of 14.78%.The firm 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 posted $3.49 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Insider Buying and Selling at American Express

In related news, CEO Stephen J. Squeri sold 112,272 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the sale, the chief executive officer directly owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laureen Seeger sold 16,998 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total value of $5,011,520.34. Following the sale, the insider owned 9,001 shares in the company, valued at approximately $2,653,764.83. The trade was a 65.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 269,996 shares of company stock valued at $85,261,270 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on AXP. Evercore ISI increased their target price on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. UBS Group increased their target price on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Finally, Truist Financial increased their target price on American Express from $348.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus price target of $323.55.

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.