CFC Planning Co LLC Makes New $4.10 Million Investment in American Express (NYSE:AXP)

CFC Planning Co LLC purchased a new position in shares of American Express (NYSE:AXP) in the fourth quarter, HoldingsChannel reports. The fund purchased 13,828 shares of the payment services company’s stock, valued at approximately $4,104,000. American Express makes up approximately 4.4% of CFC Planning Co LLC’s holdings, making the stock its 3rd biggest position.

Other institutional investors have also modified their holdings of the company. Creative Planning lifted its position in American Express by 4.8% during the third quarter. Creative Planning now owns 161,031 shares of the payment services company’s stock worth $43,672,000 after buying an additional 7,328 shares during the period. SeaCrest Wealth Management LLC increased its stake in shares of American Express by 1.5% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 3,284 shares of the payment services company’s stock valued at $891,000 after acquiring an additional 48 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of American Express by 9.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 39,080 shares of the payment services company’s stock worth $10,598,000 after acquiring an additional 3,449 shares during the period. Wolff Wiese Magana LLC boosted its position in shares of American Express by 1.4% in the third quarter. Wolff Wiese Magana LLC now owns 9,659 shares of the payment services company’s stock worth $2,620,000 after acquiring an additional 136 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC grew its holdings in American Express by 0.7% in the third quarter. Fulton Breakefield Broenniman LLC now owns 44,857 shares of the payment services company’s stock valued at $12,165,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity

In other news, CFO Caillec Christophe Le sold 6,000 shares of American Express 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 transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, the insider now directly owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,664 shares of company stock worth $9,613,503. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AXP. TD Cowen increased their price target on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. BTIG Research increased their target price on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Compass Point reduced their target price on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Truist Financial initiated coverage on American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target for the company. Finally, HSBC lifted their price objective on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $296.38.

American Express Trading Up 0.4 %

Shares of AXP opened at $307.49 on Friday. American Express has a one year low of $208.82 and a one year high of $326.27. The stock has a 50-day moving average price of $306.67 and a 200 day moving average price of $281.42. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 1.67. The company has a market capitalization of $216.61 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.50 and a beta of 1.24.

American Express (NYSE:AXP) last released its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Sell-side analysts forecast that American Express will post 15.32 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s dividend payout ratio is currently 19.99%.

American Express Company 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.