Personal CFO Solutions LLC Has $2.98 Million Holdings in American Express Company (NYSE:AXP)

Personal CFO Solutions LLC decreased its position in American Express Company (NYSE:AXP) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,060 shares of the payment services company’s stock after selling 295 shares during the period. American Express accounts for 0.6% of Personal CFO Solutions LLC’s portfolio, making the stock its 26th largest position. Personal CFO Solutions LLC’s holdings in American Express were worth $2,976,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXP. Norges Bank bought a new position in shares of American Express in the 4th quarter worth $1,785,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of American Express by 463.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,357,487 shares of the payment services company’s stock valued at $1,293,259,000 after buying an additional 3,583,959 shares during the period. GAMMA Investing LLC grew its stake in shares of American Express by 27,625.2% in the first quarter. GAMMA Investing LLC now owns 2,162,846 shares of the payment services company’s stock worth $581,914,000 after acquiring an additional 2,155,045 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of American Express by 186.3% during the fourth quarter. Capital Research Global Investors now owns 2,986,710 shares of the payment services company’s stock valued at $886,426,000 after purchasing an additional 1,943,463 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in American Express by 346.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,021,873 shares of the payment services company’s stock worth $600,072,000 after buying an additional 1,568,747 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of research analyst reports. Wells Fargo & Company set a $327.00 price target on shares of American Express in a report on Wednesday, July 2nd. Redburn Atlantic upgraded shares of American Express from a “sell” rating to a “neutral” rating and reduced their target price for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Robert W. Baird raised shares of American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price objective for the company in a research note on Friday, March 14th. Truist Financial lifted their target price on shares of American Express from $315.00 to $335.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Finally, William Blair restated an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $295.25.

American Express Stock Performance

Shares of AXP stock opened at $323.22 on Tuesday. The business’s 50 day moving average is $296.78 and its two-hundred day moving average is $290.00. American Express Company has a 12-month low of $220.43 and a 12-month high of $329.14. The company has a market capitalization of $226.45 billion, a P/E ratio of 22.58, a P/E/G ratio of 1.60 and a beta of 1.25. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.17. American Express had a return on equity of 32.48% and a net margin of 15.31%. The business had revenue of $16.97 billion for the quarter, compared to analysts’ expectations of $17.04 billion. During the same quarter in the previous year, the firm earned $3.33 earnings per share. Analysts expect that American Express Company will post 15.33 EPS 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. Shareholders of record on Thursday, July 3rd will be paid a $0.82 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $3.28 annualized dividend and a dividend yield of 1.01%. American Express’s payout ratio is currently 22.91%.

Insider Activity at American Express

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

About American Express

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.