American Express Company (NYSE:AXP) Shares Bought by Brucke Financial Inc.

Brucke Financial Inc. raised its stake in American Express Company (NYSE:AXP) by 6.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,314 shares of the payment services company’s stock after acquiring an additional 207 shares during the quarter. American Express makes up 0.8% of Brucke Financial Inc.’s portfolio, making the stock its 29th biggest holding. Brucke Financial Inc.’s holdings in American Express were worth $883,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in American Express during the first quarter worth about $465,000. Banque Cantonale Vaudoise purchased a new stake in American Express in the first quarter valued at approximately $5,745,000. GSA Capital Partners LLP grew its holdings in American Express by 268.1% in the first quarter. GSA Capital Partners LLP now owns 3,699 shares of the payment services company’s stock valued at $995,000 after purchasing an additional 2,694 shares during the period. Geneos Wealth Management Inc. grew its holdings in American Express by 122.8% in the first quarter. Geneos Wealth Management Inc. now owns 13,818 shares of the payment services company’s stock valued at $3,718,000 after purchasing an additional 7,616 shares during the period. Finally, Cozad Asset Management Inc. grew its holdings in American Express by 32.8% in the first quarter. Cozad Asset Management Inc. now owns 4,989 shares of the payment services company’s stock valued at $1,342,000 after purchasing an additional 1,233 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Trading Down 0.3%

Shares of AXP opened at $310.65 on Tuesday. The company has a market capitalization of $216.18 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.65 and a beta of 1.25. American Express Company has a one year low of $220.43 and a one year high of $329.14. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61. The stock has a 50-day moving average price of $305.14 and a 200 day moving average price of $291.32.

American Express (NYSE:AXP) last released its earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $3.86 by $0.22. American Express had a return on equity of 32.87% and a net margin of 14.78%. The company had revenue of $17.86 billion for the quarter, compared to the consensus estimate of $17.70 billion. During the same quarter last year, the business posted $3.49 EPS. American Express’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, July 3rd. American Express’s dividend payout ratio is presently 23.02%.

Insider Buying and Selling

In other American Express news, insider Howard Grosfield sold 9,450 shares of the stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. BTIG Research set a $277.00 target price on shares of American Express and gave the company a “sell” rating in a report on Monday, July 14th. Bank of America upgraded American Express from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $325.00 to $274.00 in a research note on Friday, April 11th. Redburn Atlantic upgraded American Express from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $270.00 to $255.00 in a research note on Wednesday, April 23rd. Truist Financial upped their price target on American Express from $335.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Citigroup restated a “neutral” rating and set a $327.00 price target (up from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus target price of $311.05.

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.