Flagship Harbor Advisors LLC Has $1.97 Million Holdings in American Express (NYSE:AXP)

Flagship Harbor Advisors LLC raised its holdings in American Express (NYSE:AXP) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,625 shares of the payment services company’s stock after acquiring an additional 712 shares during the period. Flagship Harbor Advisors LLC’s holdings in American Express were worth $1,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Insight Inv LLC raised its holdings in American Express by 0.3% during the 4th quarter. Insight Inv LLC now owns 12,017 shares of the payment services company’s stock worth $3,567,000 after buying an additional 36 shares during the period. Linden Thomas Advisory Services LLC increased its position in shares of American Express by 19.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 13,081 shares of the payment services company’s stock worth $3,882,000 after acquiring an additional 2,125 shares in the last quarter. Cyndeo Wealth Partners LLC raised its holdings in shares of American Express by 4.3% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 2,383 shares of the payment services company’s stock worth $707,000 after acquiring an additional 99 shares during the period. Geneos Wealth Management Inc. lifted its position in American Express by 5.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 6,202 shares of the payment services company’s stock valued at $1,841,000 after acquiring an additional 313 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC boosted its stake in American Express by 18.2% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 1,260 shares of the payment services company’s stock worth $374,000 after purchasing an additional 194 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AXP shares. The Goldman Sachs Group boosted their price target on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. TD Cowen boosted their target price on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Wells Fargo & Company raised their price target on shares of American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley raised their target price on shares of American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $281.00.

Insider Activity at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the sale, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. The trade was a 10.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the transaction, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

American Express Trading Down 1.5 %

AXP stock opened at $320.87 on Monday. The stock has a market cap of $226.04 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. The company has a fifty day moving average price of $302.35 and a two-hundred day moving average price of $274.92. American Express has a one year low of $186.43 and a one year high of $326.27. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. Equities analysts anticipate that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.87%. American Express’s 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.