Stokes Family Office LLC Purchases 2,922 Shares of American Express (NYSE:AXP)

Stokes Family Office LLC lifted its position in shares of American Express (NYSE:AXP - Free Report) by 54.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,304 shares of the payment services company's stock after purchasing an additional 2,922 shares during the period. Stokes Family Office LLC's holdings in American Express were worth $2,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AXP. Opal Wealth Advisors LLC increased its position in shares of American Express by 1.6% during the fourth quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company's stock valued at $636,000 after acquiring an additional 33 shares during the last quarter. Catalina Capital Group LLC grew its stake in American Express by 1.0% in the 4th quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company's stock valued at $996,000 after purchasing an additional 34 shares during the period. Boston Financial Mangement LLC increased its position in shares of American Express by 0.9% during the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company's stock valued at $1,189,000 after purchasing an additional 34 shares during the last quarter. Auxier Asset Management raised its stake in shares of American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company's stock worth $1,934,000 after purchasing an additional 35 shares during the period. Finally, Abel Hall LLC boosted its holdings in shares of American Express by 3.6% in the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company's stock worth $274,000 after buying an additional 35 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

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Analyst Ratings Changes

AXP has been the topic of several research reports. Royal Bank of Canada lifted their price objective on shares of American Express from $330.00 to $350.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. Baird R W raised shares of American Express from a "strong sell" rating to a "hold" rating in a report on Friday, March 14th. William Blair reiterated an "outperform" rating on shares of American Express in a research note on Monday, January 27th. Citigroup raised their target price on American Express from $305.00 to $320.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Finally, Evercore ISI upped their price target on American Express from $315.00 to $344.00 and gave the company an "in-line" rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $303.52.

Insider Buying and Selling

In other American Express news, Director Michael J. Angelakis acquired 3,700 shares of the stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the acquisition, the director now owns 3,700 shares in the company, valued at $998,593. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the company's 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 directly owns 13,500 shares of the company's stock, valued at $4,308,795. This trade represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

American Express Price Performance

AXP traded down $0.35 on Friday, reaching $270.48. The company had a trading volume of 4,225,003 shares, compared to its average volume of 2,626,273. American Express has a 52-week low of $214.51 and a 52-week high of $326.28. The company has a market cap of $190.02 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 1.41 and a beta of 1.21. 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 business has a 50 day simple moving average of $298.30 and a 200 day simple moving average of $288.55.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. As a group, sell-side analysts anticipate that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from American Express's previous quarterly dividend of $0.70. The ex-dividend date is Friday, April 4th. American Express's dividend payout ratio (DPR) is currently 23.41%.

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.