1,270 Shares in American Express (NYSE:AXP) Bought by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. acquired a new position in shares of American Express (NYSE:AXP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,270 shares of the payment services company’s stock, valued at approximately $238,000.

Several other large investors have also recently added to or reduced their stakes in the company. 1900 Wealth Management LLC bought a new stake in American Express in the fourth quarter valued at $218,000. Aspire Private Capital LLC lifted its stake in American Express by 3.8% in the fourth quarter. Aspire Private Capital LLC now owns 3,781 shares of the payment services company’s stock valued at $708,000 after buying an additional 140 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in American Express in the fourth quarter valued at $220,000. Foster & Motley Inc. bought a new stake in American Express in the fourth quarter valued at $293,000. Finally, RWA Wealth Partners LLC lifted its stake in American Express by 85.3% in the fourth quarter. RWA Wealth Partners LLC now owns 24,689 shares of the payment services company’s stock valued at $4,625,000 after buying an additional 11,367 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays reiterated an “equal weight” rating and issued a $221.00 target price (up from $220.00) on shares of American Express in a research note on Tuesday, April 9th. Monness Crespi & Hardt raised American Express from a “neutral” rating to a “buy” rating and set a $245.00 price target on the stock in a report on Friday, April 5th. JPMorgan Chase & Co. raised their price target on American Express from $214.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Stephens raised American Express from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $148.00 to $193.00 in a report on Tuesday, January 2nd. Finally, Wells Fargo & Company raised their price target on American Express from $220.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $208.24.

American Express Stock Up 2.6 %

Shares of American Express stock traded up $6.12 during trading on Tuesday, hitting $239.12. 2,096,855 shares of the stock traded hands, compared to its average volume of 3,145,142. The stock has a market cap of $173.09 billion, a P/E ratio of 19.59, a PEG ratio of 1.32 and a beta of 1.23. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.63 and a current ratio of 1.73. American Express has a twelve month low of $140.91 and a twelve month high of $239.17. The company has a fifty day moving average price of $220.47 and a two-hundred day moving average price of $189.56.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.36. The business had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.79 billion. American Express had a return on equity of 32.39% and a net margin of 14.50%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.40 EPS. Equities research analysts predict that American Express will post 12.92 EPS for the current fiscal year.

American Express Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, April 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.17%. American Express’s dividend payout ratio is 23.06%.

Insider Activity at American Express

In related news, CEO Stephen J. Squeri sold 69,356 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $26,022,097.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Laureen Seeger sold 84,420 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was 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 in the company, valued at $12,248,905.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen J. Squeri sold 69,356 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $213.02, for a total value of $14,774,215.12. Following the sale, the chief executive officer now owns 122,158 shares in the company, valued at $26,022,097.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 172,047 shares of company stock valued at $36,528,388. Corporate insiders own 0.11% of the company’s stock.

American Express Company 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.