Quent Capital LLC Acquires 388 Shares of American Express (NYSE:AXP)

Quent Capital LLC grew its holdings in American Express (NYSE:AXP) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,706 shares of the payment services company’s stock after purchasing an additional 388 shares during the period. Quent Capital LLC’s holdings in American Express were worth $1,100,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Opal Wealth Advisors LLC raised its position in American Express by 1.6% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock worth $636,000 after buying an additional 33 shares during the last quarter. Catalina Capital Group LLC grew its stake in shares of American Express by 1.0% in the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock worth $996,000 after acquiring an additional 34 shares during the period. Auxier Asset Management raised its holdings in shares of American Express by 0.5% during the third 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 during the last quarter. Abel Hall LLC lifted its position in American Express by 3.6% during the third 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 during the period. Finally, Sunflower Bank N.A. boosted its holdings in American Express by 0.9% in the fourth 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 last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BTIG Research boosted their target price on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research note on Friday, January 24th. Truist Financial began coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Barclays boosted their price target on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. TD Cowen upped their price target on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, StockNews.com downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus target price of $296.38.

Insider Activity

In other American Express news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the transaction, the insider now owns 23,866 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock worth $9,613,503 over the last 90 days. Corporate insiders own 0.11% of the company’s stock.

American Express Stock Down 0.2 %

Shares of AXP opened at $309.61 on Wednesday. The business’s 50 day moving average is $306.45 and its 200 day moving average is $280.80. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. American Express has a 12-month low of $207.61 and a 12-month high of $326.27. The company has a market capitalization of $218.11 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

American Express (NYSE:AXP) last released its quarterly earnings data 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%. Research analysts expect that American Express will post 15.32 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s dividend payout ratio (DPR) is presently 19.99%.

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.