RMR Wealth Builders Has $2.28 Million Holdings in American Express (NYSE:AXP)

RMR Wealth Builders lifted its position in shares of American Express (NYSE:AXP) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,666 shares of the payment services company’s stock after purchasing an additional 527 shares during the quarter. RMR Wealth Builders’ holdings in American Express were worth $2,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new stake in American Express during the 3rd quarter worth approximately $27,000. Kennebec Savings Bank acquired a new stake in shares of American Express in the third quarter valued at $29,000. True Wealth Design LLC raised its holdings in shares of American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in American Express during the 3rd quarter worth about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in American Express during the 3rd quarter worth about $46,000. Institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Anre D. Williams sold 77,887 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total value of $21,049,740.62. Following the transaction, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 41.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,998 shares of company stock worth $26,423,439. Insiders own 0.12% of the company’s stock.

American Express Stock Down 2.9 %

American Express stock traded down $8.76 during mid-day trading on Friday, reaching $294.09. The company’s stock had a trading volume of 2,682,753 shares, compared to its average volume of 2,235,478. The business’s 50 day simple moving average is $296.45 and its 200 day simple moving average is $268.66. 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 12 month low of $177.81 and a 12 month high of $307.82. The company has a market capitalization of $207.17 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $16.68 billion. During the same quarter in the previous year, the firm earned $3.30 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that American Express will post 13.4 earnings per share for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.95%. American Express’s payout ratio is 20.60%.

Analyst Ratings Changes

Several analysts have recently commented on AXP shares. Compass Point increased their price target on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. TD Cowen lifted their target price on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Hsbc Global Res cut American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price objective on American Express from $286.00 to $301.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Finally, HSBC downgraded shares of American Express from a “buy” rating to a “hold” rating and upped their target price for the company from $265.00 to $270.00 in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average price target of $272.64.

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.