Guided Capital Wealth Management LLC Has $1.31 Million Stock Holdings in American Express Company (NYSE:AXP)

Guided Capital Wealth Management LLC boosted its stake in American Express Company (NYSE:AXP) by 96.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,853 shares of the payment services company’s stock after purchasing an additional 2,383 shares during the quarter. American Express comprises about 1.1% of Guided Capital Wealth Management LLC’s holdings, making the stock its 26th biggest position. Guided Capital Wealth Management LLC’s holdings in American Express were worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Keybank National Association OH grew its holdings in American Express by 3.7% in the fourth quarter. Keybank National Association OH now owns 349,937 shares of the payment services company’s stock worth $103,858,000 after purchasing an additional 12,364 shares during the period. Edge Capital Group LLC grew its holdings in American Express by 20.9% in the fourth quarter. Edge Capital Group LLC now owns 6,451 shares of the payment services company’s stock worth $1,915,000 after purchasing an additional 1,113 shares during the period. NewEdge Wealth LLC grew its holdings in American Express by 6.0% in the fourth quarter. NewEdge Wealth LLC now owns 26,102 shares of the payment services company’s stock worth $7,747,000 after purchasing an additional 1,471 shares during the period. Griffith & Werner Inc. acquired a new stake in American Express in the fourth quarter worth $1,311,000. Finally, Oppenheimer & Co. Inc. grew its holdings in American Express by 11.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 50,009 shares of the payment services company’s stock worth $14,842,000 after purchasing an additional 4,959 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Glenda G. Mcneal sold 3,019 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total transaction of $799,008.54. Following the completion of the sale, the insider now owns 10,919 shares in the company, valued at approximately $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Howard Grosfield sold 9,450 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the sale, the insider now owns 9,402 shares of the company’s stock, valued at $2,590,251. This trade represents a 50.13% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

American Express Stock Up 1.3%

AXP opened at $296.54 on Thursday. 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 company’s 50-day moving average is $281.42 and its 200 day moving average is $288.84. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $326.28. The firm has a market capitalization of $207.75 billion, a P/E ratio of 20.71, a PEG ratio of 1.43 and a beta of 1.25.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.17. American Express had a net margin of 15.31% and a return on equity of 32.48%. The company had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. During the same period last year, the firm earned $3.33 earnings per share. Research analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, July 3rd. American Express’s payout ratio is currently 22.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AXP shares. Robert W. Baird upgraded shares of American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price target for the company in a report on Friday, March 14th. Monness Crespi & Hardt raised their price objective on shares of American Express from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Redburn Atlantic raised shares of American Express from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $270.00 to $255.00 in a research note on Wednesday, April 23rd. Truist Financial raised their price objective on shares of American Express from $315.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, Bank of America raised shares of American Express from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $325.00 to $274.00 in a research note on Friday, April 11th. One research 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $296.05.

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.