Avior Wealth Management LLC Sells 990 Shares of American Express Company $AXP

Avior Wealth Management LLC cut its holdings in shares of American Express Company (NYSE:AXP) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,834 shares of the payment services company’s stock after selling 990 shares during the period. Avior Wealth Management LLC’s holdings in American Express were worth $4,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. Brighton Jones LLC lifted its holdings in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of American Express in the fourth quarter valued at about $523,000. Centaurus Financial Inc. lifted its holdings in shares of American Express by 21.8% in the fourth quarter. Centaurus Financial Inc. now owns 1,605 shares of the payment services company’s stock valued at $476,000 after purchasing an additional 287 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of American Express by 27,625.2% in the first quarter. GAMMA Investing LLC now owns 2,162,846 shares of the payment services company’s stock valued at $581,914,000 after purchasing an additional 2,155,045 shares in the last quarter. Finally, Doliver Advisors LP lifted its holdings in shares of American Express by 18.4% in the first quarter. Doliver Advisors LP now owns 4,301 shares of the payment services company’s stock valued at $1,157,000 after purchasing an additional 668 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the completion of the transaction, the insider directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laureen Seeger sold 16,998 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total value of $5,011,520.34. Following the completion of the transaction, the insider owned 9,001 shares of the company’s stock, valued at $2,653,764.83. The trade was a 65.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 269,996 shares of company stock valued at $85,261,270. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

AXP has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price target on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. Barclays upped their target price on American Express from $249.00 to $297.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upped their target price on American Express from $360.00 to $371.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Citigroup reissued a “neutral” rating and set a $327.00 price target (up previously from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. boosted their price target on American Express from $260.00 to $342.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $315.20.

American Express Trading Up 0.6%

Shares of NYSE:AXP opened at $342.07 on Friday. The company has a market capitalization of $238.04 billion, a P/E ratio of 24.00, a P/E/G ratio of 1.81 and a beta of 1.28. American Express Company has a 1 year low of $220.43 and a 1 year high of $349.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.61 and a quick ratio of 1.60. The business’s 50 day simple moving average is $317.46 and its 200 day simple moving average is $296.05.

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

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 1.0%. American Express’s dividend payout ratio is presently 23.02%.

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.