Guided Capital Wealth Management LLC Takes $733,000 Position in American Express (NYSE:AXP)

Guided Capital Wealth Management LLC acquired a new stake in American Express (NYSE:AXP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,470 shares of the payment services company's stock, valued at approximately $733,000. American Express accounts for approximately 0.7% of Guided Capital Wealth Management LLC's investment portfolio, making the stock its 23rd largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of American Express by 0.8% during the third quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company's stock worth $3,104,735,000 after purchasing an additional 86,100 shares in the last quarter. FMR LLC boosted its stake in American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company's stock worth $2,984,208,000 after purchasing an additional 866,110 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of American Express by 5.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company's stock worth $1,249,415,000 after buying an additional 239,173 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of American Express by 0.8% in the third quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company's stock valued at $1,074,168,000 after buying an additional 33,193 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of American Express by 12.7% in the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company's stock worth $655,137,000 after buying an additional 247,864 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

AXP has been the subject of a number of recent research reports. BTIG Research increased their price objective on shares of American Express from $266.00 to $270.00 and gave the company a "sell" rating in a report on Friday, January 24th. Evercore ISI increased their price target on American Express from $315.00 to $344.00 and gave the company an "in-line" rating in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on American Express from $301.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. Barclays lifted their target price 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. Finally, TD Cowen lifted 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. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $296.38.

Insider Transactions at American Express

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business's 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 completion of the sale, the insider now directly owns 13,500 shares of the company's stock, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares of the company's stock, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,664 shares of company stock worth $9,613,503. 0.12% of the stock is currently owned by insiders.

American Express Stock Up 1.3 %

NYSE AXP traded up $3.87 on Friday, hitting $311.37. 1,724,965 shares of the stock were exchanged, compared to its average volume of 2,536,095. American Express has a fifty-two week low of $209.10 and a fifty-two week high of $326.27. The company has a 50-day moving average price of $306.96 and a 200-day moving average price of $282.04. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. The company has a market cap of $219.34 billion, a PE ratio of 22.22, a PEG ratio of 1.50 and a beta of 1.24.

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

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.90%. American Express's dividend payout ratio is currently 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.