Mission Wealth Management LP Buys 178 Shares of American Express (NYSE:AXP)

Mission Wealth Management LP increased its stake in shares of American Express (NYSE:AXP) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,998 shares of the payment services company’s stock after acquiring an additional 178 shares during the quarter. Mission Wealth Management LP’s holdings in American Express were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in shares of American Express in the 4th quarter worth approximately $28,000. Tennessee Valley Asset Management Partners purchased a new position in American Express during the fourth quarter valued at $28,000. BluePath Capital Management LLC purchased a new position in shares of American Express in the third quarter worth $29,000. Pacifica Partners Inc. purchased a new position in shares of American Express in the fourth quarter worth $29,000. Finally, Baldwin Brothers LLC MA raised its stake in shares of American Express by 134.8% in the fourth quarter. Baldwin Brothers LLC MA now owns 155 shares of the payment services company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AXP. StockNews.com upgraded American Express from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Monness Crespi & Hardt raised American Express from a “neutral” rating to a “buy” rating and set a $245.00 price objective for the company in a report on Friday, April 5th. BMO Capital Markets lifted their price objective on American Express from $167.00 to $175.00 and gave the stock an “underperform” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. lifted their price objective on American Express from $214.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Finally, Stephens raised American Express from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $148.00 to $193.00 in a report on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, American Express has a consensus rating of “Hold” and a consensus price target of $210.24.

American Express Price Performance

Shares of AXP opened at $234.13 on Wednesday. The business’s 50-day moving average is $223.53 and its two-hundred day moving average is $193.22. The company has a market capitalization of $168.41 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.36 and a beta of 1.23. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.62 and a current ratio of 1.62. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $240.55.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.36. The company had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.79 billion. American Express had a return on equity of 32.46% and a net margin of 14.50%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $2.40 EPS. Research analysts predict that American Express will post 12.99 earnings per share for the current year.

American Express Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders 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 0.17%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Insider Activity

In other news, CEO Stephen J. Squeri sold 38,873 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $238.63, for a total transaction of $9,276,263.99. Following the sale, the chief executive officer now directly owns 76,310 shares in the company, valued at approximately $18,209,855.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other American Express news, CEO Stephen J. Squeri sold 38,873 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $238.63, for a total transaction of $9,276,263.99. Following the transaction, the chief executive officer now owns 76,310 shares of the company’s stock, valued at $18,209,855.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Squeri sold 69,356 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $213.02, for a total value of $14,774,215.12. Following the transaction, the chief executive officer now directly owns 122,158 shares in the company, valued at approximately $26,022,097.16. The disclosure for this sale can be found here. Insiders have sold 203,891 shares of company stock worth $44,373,196 in the last ninety days. Company insiders own 0.11% of the company’s stock.

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.