Regent Peak Wealth Advisors LLC Buys New Stake in American Express (NYSE:AXP)

Regent Peak Wealth Advisors LLC bought a new stake in American Express (NYSE:AXPFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,199 shares of the payment services company’s stock, valued at approximately $225,000.

Several other large investors have also recently bought and sold shares of the business. RB Capital Management LLC grew its holdings in shares of American Express by 5.3% during the first quarter. RB Capital Management LLC now owns 3,783 shares of the payment services company’s stock worth $707,000 after purchasing an additional 190 shares during the last quarter. Roundview Capital LLC grew its holdings in shares of American Express by 0.4% during the first quarter. Roundview Capital LLC now owns 27,029 shares of the payment services company’s stock worth $5,054,000 after purchasing an additional 105 shares during the last quarter. Zions Bancorporation N.A. grew its holdings in shares of American Express by 5.6% during the first quarter. Zions Bancorporation N.A. now owns 1,421 shares of the payment services company’s stock worth $266,000 after purchasing an additional 75 shares during the last quarter. Covestor Ltd grew its holdings in shares of American Express by 207.1% during the first quarter. Covestor Ltd now owns 946 shares of the payment services company’s stock worth $177,000 after purchasing an additional 638 shares during the last quarter. Finally, Donaldson Capital Management LLC purchased a new position in shares of American Express during the first quarter worth about $397,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Stephen J. Squeri sold 69,356 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the completion of the sale, the chief executive officer now directly owns 122,158 shares of the company’s stock, valued at approximately $26,022,097.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Stephen J. Squeri sold 69,356 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the completion of the sale, the chief executive officer now directly owns 122,158 shares of the company’s stock, valued at approximately $26,022,097.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Howard Grosfield sold 7,029 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 12,388 shares of the company’s stock, valued at $2,522,816.20. The disclosure for this sale can be found here. In the last three months, insiders sold 172,047 shares of company stock valued at $36,528,388. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AXP. Robert W. Baird lowered American Express from a “neutral” rating to an “underperform” rating and set a $190.00 price objective on the stock. in a report on Monday, January 8th. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $167.00 to $205.00 in a research report on Thursday, January 4th. StockNews.com downgraded shares of American Express from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of American Express in a research report on Wednesday, January 10th. They issued a “buy” rating and a $235.00 price objective for the company. Finally, The Goldman Sachs Group raised their price objective on shares of American Express from $186.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, December 18th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus target price of $191.84.

Read Our Latest Research Report on American Express

American Express Stock Down 0.9 %

AXP stock opened at $225.58 on Wednesday. The stock has a market capitalization of $163.29 billion, a P/E ratio of 20.12, a PEG ratio of 1.28 and a beta of 1.23. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a one year low of $140.91 and a one year high of $231.69. The company has a 50 day moving average price of $215.35 and a two-hundred day moving average price of $182.67.

American Express (NYSE:AXPGet Free Report) last released its earnings results on Friday, January 26th. The payment services company reported $2.62 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.02). The firm had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16 billion. American Express had a return on equity of 30.99% and a net margin of 13.84%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.07 earnings per share. As a group, sell-side analysts expect that American Express will post 12.83 EPS for the current year.

American Express Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.40 annualized dividend and a yield of 0.18%. American Express’s payout ratio is currently 24.98%.

About American Express

(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.

See Also

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

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