M3 Advisory Group LLC Has $476,000 Stock Holdings in American Express (NYSE:AXP)

M3 Advisory Group LLC lifted its position in American Express (NYSE:AXP) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,605 shares of the payment services company’s stock after buying an additional 101 shares during the quarter. M3 Advisory Group LLC’s holdings in American Express were worth $476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. World Investment Advisors LLC boosted its holdings in American Express by 430.6% during the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock valued at $1,292,000 after acquiring an additional 3,867 shares during the period. XML Financial LLC boosted its stake in American Express by 9.8% during the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after purchasing an additional 101 shares during the period. LVM Capital Management Ltd. MI grew its holdings in American Express by 3.1% in the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after buying an additional 2,557 shares during the last quarter. Oliver Lagore Vanvalin Investment Group increased its position in American Express by 2,196.4% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 8,244 shares of the payment services company’s stock worth $1,909,000 after buying an additional 7,885 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of American Express by 12.7% during the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after buying an additional 247,864 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Insider Activity

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

American Express Trading Down 1.5 %

AXP stock opened at $320.87 on Friday. The business has a fifty day moving average price of $302.35 and a 200 day moving average price of $274.66. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. American Express has a fifty-two week low of $186.43 and a fifty-two week high of $326.27. The stock has a market capitalization of $226.04 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.51 and a beta of 1.23.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. Analysts expect that American Express will post 13.4 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.87%. American Express’s payout ratio is 20.60%.

Wall Street Analyst Weigh In

AXP has been the topic of several research analyst reports. Evercore ISI raised their price objective on shares of American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a research note on Monday, October 7th. Wells Fargo & Company boosted their price objective on shares of American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Morgan Stanley increased their target price on shares of American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, December 19th. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, UBS Group raised their price objective on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $281.00.

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.