American Express (NYSE:AXP) Director Michael J. Angelakis Purchases 3,700 Shares

American Express (NYSE:AXP) Director Michael J. Angelakis bought 3,700 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were acquired 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 owns 3,700 shares in the company, valued at $998,593. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

American Express Trading Down 2.3 %

Shares of NYSE AXP opened at $255.38 on Wednesday. American Express has a 1-year low of $214.51 and a 1-year high of $326.27. The company has a market cap of $179.41 billion, a PE ratio of 18.23, a P/E/G ratio of 1.41 and a beta of 1.21. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The company has a 50-day moving average of $303.89 and a two-hundred day moving average of $288.29.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. As a group, equities analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from American Express’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, April 4th. American Express’s payout ratio is 23.41%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Monness Crespi & Hardt lifted their target price on shares of American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. HSBC boosted their price target on shares of American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Truist Financial began coverage on shares of American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. Finally, Royal Bank of Canada boosted their price target on shares of American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $296.38.

Institutional Investors Weigh In On American Express

A number of institutional investors and hedge funds have recently modified their holdings of AXP. Norges Bank bought a new stake in shares of American Express during the fourth quarter worth approximately $1,785,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in 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 purchasing an additional 3,583,959 shares during the period. Capital Research Global Investors grew its holdings in 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 purchasing an additional 1,943,463 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in 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 purchasing an additional 1,568,747 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings in 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 purchasing an additional 1,009,042 shares during the period. 84.33% of the stock is owned by institutional investors.

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.