Atria Wealth Solutions Inc. Boosts Holdings in American Express (NYSE:AXP)

Atria Wealth Solutions Inc. increased its holdings in American Express (NYSE:AXP) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,063 shares of the payment services company’s stock after purchasing an additional 1,747 shares during the period. Atria Wealth Solutions Inc.’s holdings in American Express were worth $12,484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Opal Wealth Advisors LLC grew its stake in shares of American Express by 1.6% during the fourth quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock valued at $636,000 after buying an additional 33 shares during the last quarter. Catalina Capital Group LLC boosted its holdings in American Express by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock valued at $996,000 after acquiring an additional 34 shares during the period. Auxier Asset Management boosted its holdings in American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock valued at $1,934,000 after acquiring an additional 35 shares during the period. Abel Hall LLC grew its position in American Express by 3.6% during the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after acquiring an additional 35 shares during the last quarter. Finally, Sunflower Bank N.A. increased its stake in American Express by 0.9% in the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock worth $1,203,000 after purchasing an additional 35 shares during the period. Institutional investors own 84.33% of the company’s stock.

Insider Activity

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the sale, the insider now directly owns 13,500 shares in the company, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock worth $9,613,503 over the last three months. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, January 31st. BTIG Research increased their target price on shares of American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday, January 24th. HSBC raised their target price on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Citigroup upped their price target on American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Finally, William Blair reiterated an “outperform” rating on shares of American Express 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $296.38.

American Express Trading Up 0.5 %

Shares of NYSE AXP opened at $312.52 on Wednesday. The stock has a market cap of $220.16 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.67 and a quick ratio of 1.63. American Express has a 1 year low of $209.10 and a 1 year high of $326.27. The firm has a 50-day moving average of $307.46 and a 200 day moving average of $283.46.

American Express (NYSE:AXP) last released its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts expect that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were paid a $0.70 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. American Express’s dividend payout ratio is currently 19.99%.

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.