Relyea Zuckerberg Hanson LLC Buys 669 Shares of American Express Company $AXP

Relyea Zuckerberg Hanson LLC grew its position in American Express Company (NYSE:AXP) by 38.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,430 shares of the payment services company’s stock after buying an additional 669 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in American Express were worth $775,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Capital Asset Advisory Services LLC grew its stake in shares of American Express by 2.8% in the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after acquiring an additional 32 shares during the period. DLK Investment Management LLC boosted its position in American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock worth $277,000 after purchasing an additional 32 shares during the last quarter. Financial Engines Advisors L.L.C. grew its stake in shares of American Express by 4.7% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after purchasing an additional 35 shares during the period. Modern Wealth Management LLC lifted its stake in shares of American Express by 0.7% in the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after purchasing an additional 35 shares during the period. Finally, Greenfield Savings Bank boosted its holdings in shares of American Express by 0.3% in the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after buying an additional 35 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Price Performance

Shares of American Express stock opened at $330.10 on Monday. The firm has a market cap of $229.71 billion, a PE ratio of 23.17, a PEG ratio of 1.75 and a beta of 1.29. The stock has a 50 day moving average of $320.01 and a 200 day moving average of $298.63. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. American Express Company has a 12 month low of $220.43 and a 12 month high of $349.19.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating 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 firm had revenue of $17.86 billion during the quarter, compared to the consensus estimate of $17.70 billion. During the same period in the prior year, the company earned $3.49 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, research analysts expect 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. Stockholders of record on Friday, October 10th will be issued a $0.82 dividend. The ex-dividend date is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. American Express’s payout ratio is 23.02%.

Insider Transactions at American Express

In other news, insider Anna Marrs sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was 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 of the company’s stock, valued at approximately $6,312,049.47. The trade was a 21.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Laureen Seeger sold 16,998 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the transaction, the insider owned 9,001 shares in the company, valued at $2,653,764.83. This trade represents a 65.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AXP shares. DZ Bank downgraded shares of American Express from a “hold” rating to a “sell” rating in a research report on Monday, July 21st. Monness Crespi & Hardt cut American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. William Blair reaffirmed an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Finally, Citigroup restated a “neutral” rating and set a $327.00 price objective (up from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Eight investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $319.95.

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.