Atria Wealth Solutions Inc. Has $12.48 Million Position in American Express (NYSE:AXP)

Atria Wealth Solutions Inc. boosted its holdings in American Express (NYSE:AXP - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,063 shares of the payment services company's stock after acquiring an additional 1,747 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in American Express were worth $12,484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AXP. Venturi Wealth Management LLC boosted its position in American Express by 70.7% in the fourth quarter. Venturi Wealth Management LLC now owns 11,175 shares of the payment services company's stock valued at $3,317,000 after buying an additional 4,627 shares in the last quarter. D.A. Davidson & CO. boosted its position in American Express by 1.4% in the fourth quarter. D.A. Davidson & CO. now owns 33,311 shares of the payment services company's stock valued at $9,887,000 after buying an additional 452 shares in the last quarter. Empower Advisory Group LLC boosted its position in American Express by 1.0% in the fourth quarter. Empower Advisory Group LLC now owns 10,121 shares of the payment services company's stock valued at $3,004,000 after buying an additional 104 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in American Express by 16.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 2,508 shares of the payment services company's stock valued at $744,000 after buying an additional 350 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in American Express by 13.7% in the fourth quarter. Catalyst Capital Advisors LLC now owns 17,163 shares of the payment services company's stock valued at $5,094,000 after buying an additional 2,062 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

Insider Transactions at American Express

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the sale, the insider now owns 13,500 shares of the company's stock, valued at $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of the 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 sale, the chief financial officer now directly 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 valued at $9,613,503 over the last quarter. Corporate insiders own 0.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AXP shares. Citigroup boosted their price target on shares of American Express from $305.00 to $320.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Truist Financial initiated coverage on shares of American Express in a research report on Tuesday, January 7th. They set a "buy" rating and a $350.00 target price on the stock. Evercore ISI upped their target price on shares of American Express from $315.00 to $344.00 and gave the stock an "in-line" rating in a research report on Monday, January 27th. William Blair reiterated an "outperform" rating on shares of American Express in a research report on Monday, January 27th. Finally, Monness Crespi & Hardt upped their target price on shares of American Express from $330.00 to $355.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $296.38.

American Express Trading Down 2.8 %

NYSE:AXP traded down $8.63 during trading hours on Friday, hitting $295.23. The stock had a trading volume of 3,277,941 shares, compared to its average volume of 2,481,628. American Express has a one year low of $212.48 and a one year high of $326.27. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The company has a market cap of $207.41 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.48 and a beta of 1.24. The business's 50 day moving average is $307.68 and its 200-day moving average is $283.79.

American Express (NYSE:AXP - Get Free Report) last issued its earnings results on Friday, January 24th. The payment services company reported $3.04 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%. Sell-side analysts anticipate that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 3rd. 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.