American Express (NYSE:AXP) Shares Acquired by AdvisorNet Financial Inc

AdvisorNet Financial Inc boosted its stake in shares of American Express (NYSE:AXP) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 535 shares of the payment services company’s stock after buying an additional 71 shares during the quarter. AdvisorNet Financial Inc’s holdings in American Express were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strategic Advisors LLC grew its position in American Express by 1.1% during the fourth quarter. Strategic Advisors LLC now owns 5,244 shares of the payment services company’s stock worth $982,000 after buying an additional 58 shares during the period. WASHINGTON TRUST Co grew its position in shares of American Express by 1.3% in the fourth quarter. WASHINGTON TRUST Co now owns 4,894 shares of the payment services company’s stock valued at $917,000 after purchasing an additional 64 shares during the last quarter. Strategy Asset Managers LLC grew its position in shares of American Express by 3.7% in the second quarter. Strategy Asset Managers LLC now owns 1,818 shares of the payment services company’s stock valued at $317,000 after purchasing an additional 65 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of American Express by 1.2% in the first quarter. Orion Portfolio Solutions LLC now owns 5,566 shares of the payment services company’s stock valued at $1,041,000 after purchasing an additional 65 shares during the last quarter. Finally, Prairie Sky Financial Group LLC grew its position in shares of American Express by 1.6% in the fourth quarter. Prairie Sky Financial Group LLC now owns 4,181 shares of the payment services company’s stock valued at $783,000 after purchasing an additional 66 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Express

In related news, insider Howard Grosfield sold 7,029 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $203.65, for a total transaction of $1,431,455.85. Following the completion of the sale, the insider now owns 12,388 shares of the company’s stock, valued at approximately $2,522,816.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Howard Grosfield sold 7,029 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $203.65, for a total transaction of $1,431,455.85. Following the completion of the sale, the insider now owns 12,388 shares of the company’s stock, valued at approximately $2,522,816.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Laureen Seeger sold 84,420 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $212.98, for a total transaction of $17,979,771.60. Following the sale, the insider now directly owns 57,512 shares of the company’s stock, valued at approximately $12,248,905.76. The disclosure for this sale can be found here. Insiders sold a total of 172,047 shares of company stock valued at $36,528,388 in the last quarter. Insiders own 0.11% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $226.69 on Thursday. American Express has a 12 month low of $140.91 and a 12 month high of $231.69. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $164.09 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.28 and a beta of 1.23. The company’s fifty day moving average price is $216.17 and its two-hundred day moving average price is $182.98.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings data on Friday, January 26th. The payment services company reported $2.62 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.02). The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16 billion. American Express had a return on equity of 30.99% and a net margin of 13.84%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.07 EPS. On average, research analysts anticipate that American Express will post 12.83 earnings per share for the current fiscal year.

American Express Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Thursday, April 4th. American Express’s dividend payout ratio is presently 21.41%.

Wall Street Analyst Weigh In

AXP has been the topic of several research reports. Stephens upgraded shares of American Express from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $148.00 to $193.00 in a research report on Tuesday, January 2nd. Barclays lifted their price target on shares of American Express from $216.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of American Express from $214.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird lowered shares of American Express from a “neutral” rating to an “underperform” rating and set a $190.00 price target on the stock. in a report on Monday, January 8th. Finally, DZ Bank lowered shares of American Express from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $193.68.

Check Out Our Latest Stock Report on American Express

American Express Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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