American Express (NYSE:AXP) Shares Purchased by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp increased its position in shares of American Express (NYSE:AXP) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 103,686 shares of the payment services company’s stock after acquiring an additional 61 shares during the period. American Express accounts for 5.9% of Noesis Capital Mangement Corp’s holdings, making the stock its 3rd biggest position. Noesis Capital Mangement Corp’s holdings in American Express were worth $30,773,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new position in American Express during the third quarter worth $27,000. Kennebec Savings Bank purchased a new position in American Express during the third quarter worth $29,000. True Wealth Design LLC increased its position in American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after buying an additional 83 shares in the last quarter. Financial Life Planners purchased a new position in American Express during the fourth quarter worth $38,000. Finally, Sierra Ocean LLC purchased a new position in American Express during the fourth quarter worth $40,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Trading Up 2.2 %

Shares of AXP opened at $300.77 on Friday. The stock’s 50-day moving average is $307.44 and its two-hundred day moving average is $286.43. The stock has a market cap of $211.30 billion, a PE ratio of 21.47, a P/E/G ratio of 1.41 and a beta of 1.24. American Express has a 12 month low of $214.51 and a 12 month high of $326.27. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Equities analysts forecast that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio is presently 19.99%.

Insiders Place Their Bets

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the transaction, the insider now owns 13,500 shares in the company, valued at $4,308,795. The trade was a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the transaction, the insider now owns 23,866 shares in the company, valued at approximately $7,492,492.04. This trade represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AXP shares. Truist Financial started coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target for the company. JPMorgan Chase & Co. raised their price target on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Compass Point lowered their price objective on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. William Blair reaffirmed an “outperform” rating on shares of American Express in a research report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price objective on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $296.38.

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.