Prairieview Wealth Partners LLC Purchases 71 Shares of American Express Company (NYSE:AXP)

Prairieview Wealth Partners LLC grew its position in shares of American Express Company (NYSE:AXP) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,889 shares of the payment services company’s stock after buying an additional 71 shares during the quarter. American Express accounts for approximately 0.6% of Prairieview Wealth Partners LLC’s investment portfolio, making the stock its 11th biggest holding. Prairieview Wealth Partners LLC’s holdings in American Express were worth $508,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Investment Management Corp VA ADV purchased a new position in American Express in the 4th quarter valued at approximately $29,000. MorganRosel Wealth Management LLC purchased a new position in American Express in the 1st quarter valued at approximately $29,000. Nexus Investment Management ULC purchased a new position in American Express in the 1st quarter valued at approximately $34,000. Hughes Financial Services LLC purchased a new position in American Express in the 1st quarter valued at approximately $35,000. Finally, IAG Wealth Partners LLC purchased a new position in American Express in the 1st quarter valued at approximately $40,000. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AXP. Barclays lifted their price objective on shares of American Express from $249.00 to $297.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. BTIG Research set a $277.00 price target on shares of American Express and gave the company a “sell” rating in a report on Monday, July 14th. William Blair reissued an “outperform” rating on shares of American Express in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of American Express from $260.00 to $342.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $311.05.

American Express Stock Performance

American Express stock opened at $294.25 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $204.76 billion, a PE ratio of 20.65, a P/E/G ratio of 1.56 and a beta of 1.28. The firm has a fifty day simple moving average of $306.17 and a two-hundred day simple moving average of $291.35. American Express Company has a twelve month low of $220.43 and a twelve month high of $329.14.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.86 by $0.22. The business had revenue of $17.86 billion during the quarter, compared to the consensus estimate of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.49 earnings per share. Research analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 3rd. American Express’s dividend payout ratio is 23.02%.

Insider Activity

In related news, insider Anna Marrs sold 5,500 shares of the business’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the transaction, the insider owned 20,311 shares in the company, valued at $6,312,049.47. The trade was a 21.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the transaction, the insider owned 9,402 shares in the company, valued at $2,590,251. This represents a 50.13% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,950 shares of company stock valued at $19,787,710. Insiders own 0.20% of the company’s stock.

About American Express

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.