Brady Martz Wealth Solutions LLC Buys Shares of 1,797 American Express (NYSE:AXP)

Brady Martz Wealth Solutions LLC purchased a new stake in shares of American Express (NYSE:AXP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,797 shares of the payment services company's stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AXP. Prospera Private Wealth LLC purchased a new stake in shares of American Express during the 3rd quarter valued at $27,000. Kennebec Savings Bank purchased a new position in shares of American Express in the 3rd quarter worth about $29,000. True Wealth Design LLC grew its position in American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company's stock valued at $29,000 after acquiring an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in American Express in the 3rd quarter worth $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in American Express during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

American Express Trading Up 0.4 %

Shares of American Express stock traded up $1.27 during trading on Monday, hitting $312.75. The stock had a trading volume of 2,180,554 shares, compared to its average volume of 2,022,091. The stock has a market cap of $220.32 billion, a PE ratio of 23.01, a PEG ratio of 1.38 and a beta of 1.23. American Express has a 12 month low of $177.81 and a 12 month high of $315.40. The firm's fifty day simple moving average is $299.26 and its 200-day simple moving average is $272.24. 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 - Get Free Report) last released its earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The firm had revenue of $16.64 billion for the quarter, compared to analysts' expectations of $16.68 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that American Express will post 13.48 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently declared 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, January 3rd. American Express's payout ratio is presently 20.60%.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of recent analyst reports. Truist Financial started coverage on American Express in a research report on Tuesday, January 7th. They set a "buy" rating and a $350.00 price target for the company. Barclays boosted their price objective on shares of American Express from $250.00 to $257.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price objective on shares of American Express from $300.00 to $340.00 and gave the company an "overweight" rating in a research report on Friday, January 3rd. Compass Point upped their price target on American Express from $315.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. 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 research note on Monday, January 13th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, American Express has an average rating of "Hold" and a consensus price target of $278.09.

Insider Buying and Selling

In other news, CFO Caillec Christophe Le sold 6,000 shares of the firm's 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 transaction, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anre D. Williams sold 77,887 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the transaction, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. The trade was a 41.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,998 shares of company stock valued at $26,423,439 in the last 90 days. Company insiders own 0.11% of the company's stock.

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.