Park Edge Advisors LLC Makes New Investment in American Express (NYSE:AXP)

Park Edge Advisors LLC purchased a new stake in American Express (NYSE:AXP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,102 shares of the payment services company's stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AXP. International Assets Investment Management LLC lifted its position in shares of American Express by 26,783.5% during the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company's stock worth $2,467,210,000 after buying an additional 906,353 shares during the last quarter. FMR LLC lifted its holdings in shares of American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company's stock worth $2,984,208,000 after acquiring an additional 866,110 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in shares of American Express by 59,816.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company's stock valued at $185,079,000 after purchasing an additional 681,304 shares in the last quarter. World Investment Advisors LLC grew its holdings in shares of American Express by 35,213.7% during the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company's stock valued at $86,002,000 after purchasing an additional 316,219 shares during the last quarter. Finally, National Bank of Canada FI increased its position in American Express by 73.7% during the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company's stock worth $191,842,000 after purchasing an additional 300,138 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Price Performance

Shares of AXP traded down $5.00 during mid-day trading on Friday, reaching $320.87. 6,256,039 shares of the stock traded hands, compared to its average volume of 1,894,205. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 1 year low of $186.43 and a 1 year high of $326.27. The company 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 firm has a fifty day moving average price of $302.35 and a 200 day moving average price of $274.92.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share 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%. As a group, equities research analysts predict that American Express will post 13.4 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 issued 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 0.87%. American Express's payout ratio is 19.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Compass Point upped their price target on American Express from $315.00 to $325.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. TD Cowen upped their target price on American Express from $260.00 to $268.00 and gave the company a "hold" rating in a report on Monday, October 21st. Keefe, Bruyette & Woods raised their price target on shares of American Express from $325.00 to $350.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Truist Financial started coverage on shares of American Express in a research report on Tuesday, January 7th. They set a "buy" rating and a $350.00 price objective for the company. Finally, UBS Group boosted their target price on shares of American Express from $283.00 to $320.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $281.00.

Insider Activity at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 approximately $29,724,067.18. This trade represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

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.