Fourpath Capital Management LLC Acquires Shares of 688 American Express Company $AXP

Fourpath Capital Management LLC acquired a new stake in American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 688 shares of the payment services company’s stock, valued at approximately $219,000.

Several other institutional investors also recently bought and sold shares of the business. Capital Asset Advisory Services LLC lifted its position 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 valued at $384,000 after acquiring an additional 32 shares in the last quarter. DLK Investment Management LLC lifted its position in shares of American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after acquiring an additional 32 shares in the last quarter. Financial Engines Advisors L.L.C. lifted its position in shares of American Express by 4.7% in the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after acquiring an additional 35 shares in the last quarter. Modern Wealth Management LLC lifted its position in shares of American Express by 0.7% in the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after acquiring an additional 35 shares in the last quarter. Finally, Greenfield Savings Bank lifted its position 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 valued at $4,184,000 after acquiring an additional 35 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

NYSE:AXP opened at $316.27 on Friday. American Express Company has a 52 week low of $220.43 and a 52 week high of $349.19. 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 $220.09 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.72 and a beta of 1.29. The stock’s fifty day moving average is $322.16 and its two-hundred day moving average is $300.00.

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 company had revenue of $17.86 billion for the quarter, compared to the consensus estimate of $17.70 billion. During the same quarter in the previous year, the business earned $3.49 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

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 given a $0.82 dividend. The ex-dividend date is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. American Express’s payout ratio is currently 23.02%.

Insider Transactions at American Express

In related news, insider Anna Marrs sold 5,500 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total value of $1,709,235.00. Following the sale, the insider owned 20,311 shares in the company, valued at approximately $6,312,049.47. The trade was a 21.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total value of $7,671,326.85. Following the completion of the sale, the insider owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AXP has been the topic of several research reports. Evercore ISI raised their target price on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday, September 30th. Citigroup restated a “neutral” rating and issued a $327.00 target price (up previously from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. UBS Group lifted their price objective on American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Monness Crespi & Hardt downgraded American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $323.60.

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.