Physician Wealth Advisors Inc. Buys Shares of 1,147 American Express (NYSE:AXP)

Physician Wealth Advisors Inc. purchased a new position in shares of American Express (NYSE:AXPFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,147 shares of the payment services company’s stock, valued at approximately $212,000.

Other large investors have also bought and sold shares of the company. Bison Wealth LLC boosted its stake in shares of American Express by 2.1% in the 2nd quarter. Bison Wealth LLC now owns 20,444 shares of the payment services company’s stock valued at $3,561,000 after purchasing an additional 416 shares in the last quarter. National Bank of Canada FI grew its stake in shares of American Express by 25.0% during the third quarter. National Bank of Canada FI now owns 499,340 shares of the payment services company’s stock worth $74,584,000 after buying an additional 99,813 shares during the last quarter. Beutel Goodman & Co Ltd. grew its stake in shares of American Express by 7.6% during the second quarter. Beutel Goodman & Co Ltd. now owns 1,785,141 shares of the payment services company’s stock worth $310,971,000 after buying an additional 125,990 shares during the last quarter. GYL Financial Synergies LLC increased its holdings in shares of American Express by 1.0% during the third quarter. GYL Financial Synergies LLC now owns 23,987 shares of the payment services company’s stock worth $3,579,000 after buying an additional 242 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of American Express by 6.9% during the 4th quarter. Nordea Investment Management AB now owns 1,574,663 shares of the payment services company’s stock valued at $294,856,000 after acquiring an additional 102,132 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Express

In other American Express news, insider Howard Grosfield sold 7,029 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $203.65, for a total value of $1,431,455.85. Following the completion of the transaction, the insider now owns 12,388 shares in the company, valued at approximately $2,522,816.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Howard Grosfield sold 7,029 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $203.65, for a total transaction of $1,431,455.85. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen J. Squeri sold 69,356 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the transaction, the chief executive officer now owns 122,158 shares of the company’s stock, valued at approximately $26,022,097.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,047 shares of company stock valued at $36,528,388. 0.11% of the stock is owned by insiders.

American Express Stock Down 0.9 %

Shares of NYSE:AXP opened at $225.58 on Wednesday. The firm has a market cap of $163.29 billion, a P/E ratio of 20.12, a PEG ratio of 1.28 and a beta of 1.23. American Express has a 52-week low of $140.91 and a 52-week high of $231.69. The business’s 50 day simple moving average is $215.35 and its two-hundred day simple moving average is $182.67. 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 (NYSE:AXPGet Free Report) last announced its quarterly earnings results 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). American Express had a net margin of 13.84% and a return on equity of 30.99%. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16 billion. During the same quarter last year, the firm posted $2.07 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that American Express will post 12.83 EPS for the current fiscal 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 paid a $0.10 dividend. The ex-dividend date is Thursday, April 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.18%. American Express’s payout ratio is presently 21.41%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AXP. The Goldman Sachs Group upped their target price on American Express from $186.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, December 18th. Royal Bank of Canada lifted their target price on shares of American Express from $220.00 to $226.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. UBS Group upped their price target on shares of American Express from $188.00 to $206.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Stephens upgraded shares of American Express from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $148.00 to $193.00 in a report on Tuesday, January 2nd. Finally, Barclays increased their price objective on American Express from $216.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, American Express currently has an average rating of “Hold” and an average target price of $191.84.

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About American Express

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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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