KFA Private Wealth Group LLC Has $470,000 Stock Position in American Express (NYSE:AXP)

KFA Private Wealth Group LLC boosted its stake in shares of American Express (NYSE:AXP) by 3.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,584 shares of the payment services company’s stock after buying an additional 51 shares during the period. KFA Private Wealth Group LLC’s holdings in American Express were worth $470,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AXP. Marshall Wace LLP grew its stake in shares of American Express by 105.4% during the 2nd quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock worth $232,000 after acquiring an additional 19,400 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of American Express by 31.2% during the 2nd quarter. AQR Capital Management LLC now owns 109,198 shares of the payment services company’s stock worth $25,285,000 after acquiring an additional 25,937 shares in the last quarter. Kathmere Capital Management LLC grew its stake in shares of American Express by 6.3% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,129 shares of the payment services company’s stock worth $261,000 after acquiring an additional 67 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of American Express during the 2nd quarter worth approximately $214,000. Finally, Ascent Group LLC grew its stake in shares of American Express by 3.8% during the 2nd quarter. Ascent Group LLC now owns 6,121 shares of the payment services company’s stock worth $1,417,000 after acquiring an additional 226 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by company insiders.

American Express Stock Performance

NYSE:AXP opened at $316.23 on Tuesday. The stock has a market cap of $222.77 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 1.51 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. The stock’s 50-day moving average is $302.35 and its 200-day moving average is $275.17. American Express has a 1-year low of $199.07 and a 1-year high of $326.27.

American Express (NYSE:AXP) last announced 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 32.46% and a net margin of 15.32%. Equities research analysts anticipate that American Express will post 13.4 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is presently 20.60%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AXP shares. Keefe, Bruyette & Woods raised their target price on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday. Truist Financial assumed coverage on shares of American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Evercore ISI lifted their target price on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a report on Monday. Finally, BTIG Research lifted their target price on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $291.50.

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.