American Express Company $AXP Shares Acquired by Enclave Advisors LLC

Enclave Advisors LLC lifted its stake in shares of American Express Company (NYSE:AXP) by 166.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,591 shares of the payment services company’s stock after acquiring an additional 2,244 shares during the quarter. Enclave Advisors LLC’s holdings in American Express were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bath Savings Trust Co raised its position in American Express by 1.1% in the 3rd quarter. Bath Savings Trust Co now owns 2,922 shares of the payment services company’s stock valued at $971,000 after purchasing an additional 31 shares in the last quarter. Jamison Private Wealth Management Inc. grew its position in shares of American Express by 0.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 4,220 shares of the payment services company’s stock worth $1,402,000 after buying an additional 31 shares in the last quarter. Berger Financial Group Inc increased its stake in shares of American Express by 1.4% during the third quarter. Berger Financial Group Inc now owns 2,232 shares of the payment services company’s stock worth $741,000 after buying an additional 31 shares during the period. Capital Asset Advisory Services LLC raised its holdings in 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. Finally, DLK Investment Management LLC raised its holdings 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 valued at $277,000 after acquiring an additional 32 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Price Performance

Shares of NYSE:AXP opened at $382.08 on Wednesday. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The firm has a market capitalization of $263.20 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.82 and a beta of 1.14. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The company’s fifty day moving average price is $362.28 and its 200 day moving average price is $332.65.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 30th. The payment services company reported ($11.85) earnings per share (EPS) for the quarter. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of ($17,139.00) million for the quarter. As a group, sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s payout ratio is 22.01%.

Wall Street Analyst Weigh In

AXP has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. HSBC set a $295.00 price objective on shares of American Express and gave the stock a “hold” rating in a research report on Friday, October 10th. DZ Bank raised American Express from a “sell” rating to a “hold” rating and set a $340.00 target price on the stock in a report on Tuesday, October 21st. Truist Financial raised their price target on American Express from $395.00 to $420.00 and gave the company a “buy” rating in a research note on Monday. Finally, BTIG Research upped their price objective on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $335.55.

Insider Buying and Selling at American Express

In other American Express news, insider Douglas Tabish sold 2,515 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the sale, the insider owned 2,515 shares in the company, valued at approximately $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Elizabeth Rutledge sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the transaction, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. This trade represents a 36.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 57,515 shares of company stock worth $20,658,509. 0.20% of the stock is owned by insiders.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.