Aspiriant LLC Has $1.54 Million Stock Holdings in American Express (NYSE:AXP)

Aspiriant LLC grew its stake in American Express (NYSE:AXP) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,172 shares of the payment services company’s stock after buying an additional 170 shares during the period. Aspiriant LLC’s holdings in American Express were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AXP. Reliant Investment Management LLC lifted its stake in shares of American Express by 1.7% in the 4th quarter. Reliant Investment Management LLC now owns 26,084 shares of the payment services company’s stock valued at $7,741,000 after purchasing an additional 435 shares during the period. Pure Financial Advisors LLC boosted its stake in American Express by 22.1% during the 4th quarter. Pure Financial Advisors LLC now owns 2,060 shares of the payment services company’s stock valued at $611,000 after purchasing an additional 373 shares during the last quarter. Amplius Wealth Advisors LLC boosted its stake in American Express by 5.0% during the 4th quarter. Amplius Wealth Advisors LLC now owns 1,627 shares of the payment services company’s stock valued at $483,000 after purchasing an additional 77 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in American Express by 1.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 5,074 shares of the payment services company’s stock valued at $1,506,000 after buying an additional 83 shares during the last quarter. Finally, Zhang Financial LLC increased its stake in American Express by 8.3% in the 4th quarter. Zhang Financial LLC now owns 9,446 shares of the payment services company’s stock valued at $2,804,000 after buying an additional 724 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Transactions at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the transaction, the insider now owns 109,691 shares in the company, valued at $29,724,067.18. This represents a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the transaction, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AXP. BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective for the company. in a research note on Tuesday, October 8th. Truist Financial began coverage on shares of American Express in a research note 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 shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. StockNews.com upgraded shares of American Express from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Finally, Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $278.09.

American Express Trading Up 0.4 %

Shares of AXP opened at $312.75 on Tuesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a fifty-two week low of $177.81 and a fifty-two week high of $315.40. The firm has a 50 day moving average price of $299.26 and a 200-day moving average price of $272.24. The firm has a market cap of $220.32 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.38 and a beta of 1.23.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The firm had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. During the same quarter in the previous year, the company posted $3.30 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that American Express will post 13.48 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a $0.70 dividend. 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 0.90%. American Express’s dividend payout ratio is currently 20.60%.

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.