Stonebrook Private Inc. Has $1.64 Million Stock Position in American Express (NYSE:AXP)

Stonebrook Private Inc. lifted its stake in American Express (NYSE:AXP) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,513 shares of the payment services company’s stock after acquiring an additional 52 shares during the period. Stonebrook Private Inc.’s holdings in American Express were worth $1,636,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sellwood Investment Partners LLC acquired a new stake in shares of American Express in the 4th quarter valued at $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of American Express in the 4th quarter valued at $33,000. Curio Wealth LLC acquired a new stake in shares of American Express in the 4th quarter valued at $37,000. Financial Life Planners acquired a new stake in shares of American Express in the 4th quarter valued at $38,000. Finally, Sierra Ocean LLC acquired a new stake in shares of American Express in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, Director Michael J. Angelakis acquired 3,700 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the transaction, the director now owns 3,700 shares of the company’s stock, valued at $998,593. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total value of $799,008.54. Following the completion of the transaction, the insider now owns 10,919 shares of the company’s stock, valued at $2,889,822.54. This represents a 21.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

American Express Stock Performance

Shares of AXP stock opened at $299.48 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The stock has a market cap of $209.81 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. The stock has a 50-day moving average of $266.20 and a 200-day moving average of $288.12. American Express has a one year low of $220.43 and a one year high of $326.28.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.17. The company had revenue of $16.97 billion during the quarter, compared to analysts’ expectations of $17.04 billion. American Express had a return on equity of 32.65% and a net margin of 15.36%. During the same period in the prior year, the business posted $3.33 EPS. As a group, sell-side analysts expect that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 4th were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, April 4th. This is a positive change from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 annualized dividend and a dividend yield of 1.10%. American Express’s payout ratio is currently 22.91%.

Analysts Set New Price Targets

A number of research firms recently issued reports on AXP. Bank of America raised American Express from a “neutral” rating to a “buy” rating and cut their price target for the company from $325.00 to $274.00 in a report on Friday, April 11th. Wells Fargo & Company lifted their price target on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Redburn Atlantic raised American Express from a “sell” rating to a “neutral” rating and cut their price target for the company from $270.00 to $255.00 in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods lifted their price target on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on American Express from $244.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $295.05.

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.