Brighton Jones LLC Purchases 1,273 Shares of American Express (NYSE:AXP)

Brighton Jones LLC raised its holdings in American Express (NYSE:AXP) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,481 shares of the payment services company’s stock after buying an additional 1,273 shares during the quarter. Brighton Jones LLC’s holdings in American Express were worth $1,924,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Conway Capital Management Inc. boosted its holdings in American Express by 16.7% during the fourth quarter. Conway Capital Management Inc. now owns 1,050 shares of the payment services company’s stock valued at $312,000 after purchasing an additional 150 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in American Express in the 4th quarter valued at $212,000. Secure Asset Management LLC bought a new stake in American Express in the fourth quarter valued at $299,000. Baron Silver Stevens Financial Advisors LLC raised its stake in American Express by 17.0% during the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,374 shares of the payment services company’s stock worth $408,000 after acquiring an additional 200 shares in the last quarter. Finally, Teamwork Financial Advisors LLC lifted its holdings in shares of American Express by 2.7% during the fourth quarter. Teamwork Financial Advisors LLC now owns 18,213 shares of the payment services company’s stock valued at $5,405,000 after acquiring an additional 482 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

Shares of AXP opened at $320.87 on Friday. The stock has a market cap of $226.04 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. American Express has a 1 year low of $186.43 and a 1 year high of $326.27. The stock’s 50-day moving average price is $301.67 and its two-hundred day moving average price is $274.06. 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 (NYSE:AXP) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. On average, equities analysts predict that American Express will post 13.4 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. Investors of record on Friday, January 3rd will be paid 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 presently 20.60%.

Analyst Ratings Changes

AXP has been the topic of several analyst reports. Compass Point upped their target price on shares of American Express from $315.00 to $325.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Truist Financial assumed coverage on shares of American Express in a report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Wells Fargo & Company boosted their target price on American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Barclays raised their price target on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, UBS Group increased their target price on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $281.00.

Insiders Place Their Bets

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the 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 sale, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

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.