Albion Financial Group UT Has $57,000 Stock Position in American Express (NYSE:AXP)

Albion Financial Group UT grew its stake in American Express (NYSE:AXP) by 86.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 192 shares of the payment services company’s stock after buying an additional 89 shares during the quarter. Albion Financial Group UT’s holdings in American Express were worth $57,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new position in American Express during the 3rd quarter worth about $27,000. Kennebec Savings Bank acquired a new position in shares of American Express during the third quarter worth about $29,000. True Wealth Design LLC grew its holdings in shares of 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. Itau Unibanco Holding S.A. acquired a new stake in American Express in the 3rd quarter valued at approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in American Express in the 3rd quarter valued at approximately $46,000. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was 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 trade represents a 10.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

American Express Price Performance

American Express stock opened at $322.48 on Thursday. The company has a market capitalization of $227.17 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.47 and a beta of 1.23. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 12 month low of $184.81 and a 12 month high of $322.82. The stock’s 50 day moving average is $300.24 and its 200-day moving average is $273.36.

American Express Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on AXP shares. Compass Point lifted their price objective on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price target on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Barclays increased their price objective on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Morgan Stanley lifted their target price on American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a research report on Thursday, December 19th. Finally, Evercore ISI increased their price target on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research report on Monday, October 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $278.09.

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.