Kingsview Wealth Management LLC Increases Stock Holdings in American Express (NYSE:AXP)

Kingsview Wealth Management LLC boosted its position in shares of American Express (NYSE:AXP) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,812 shares of the payment services company’s stock after acquiring an additional 553 shares during the quarter. Kingsview Wealth Management LLC’s holdings in American Express were worth $6,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Catalina Capital Group LLC increased its position in American Express by 1.0% in 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 stake 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 purchasing an additional 35 shares in the last quarter. Abel Hall LLC boosted its stake 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 valued at $274,000 after purchasing an additional 35 shares in the last quarter. Sunflower Bank N.A. boosted its stake in American Express by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock valued at $1,203,000 after purchasing an additional 35 shares in the last quarter. Finally, Foster & Motley Inc. boosted its stake in American Express by 2.1% during the 4th quarter. Foster & Motley Inc. now owns 1,716 shares of the payment services company’s stock valued at $509,000 after purchasing an additional 35 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Express

In related news, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, the insider now directly owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,664 shares of company stock worth $9,613,503. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. StockNews.com lowered American Express from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. TD Cowen raised their target price on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Citigroup raised their target price on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their target price on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $296.38.

American Express Trading Down 1.1 %

American Express stock opened at $316.72 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 1.67. The business’s 50-day simple moving average is $306.29 and its 200-day simple moving average is $279.80. The firm has a market capitalization of $223.11 billion, a PE ratio of 22.61, a PEG ratio of 1.50 and a beta of 1.24. American Express has a 52 week low of $207.61 and a 52 week high of $326.27.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Equities research analysts forecast that American Express will post 15.32 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.88%. American Express’s payout ratio is presently 19.99%.

American Express Company 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.