Pure Financial Advisors LLC Has $611,000 Stake in American Express (NYSE:AXP)

Pure Financial Advisors LLC increased its holdings in shares of American Express (NYSE:AXP) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,060 shares of the payment services company’s stock after purchasing an additional 373 shares during the period. Pure Financial Advisors LLC’s holdings in American Express were worth $611,000 at the end of the most recent quarter.

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

Insider Buying and Selling at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction 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 $1,952,286.84. This represents a 48.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value 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. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AXP. Truist Financial started coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective for the company. Keefe, Bruyette & Woods raised their price target on shares of American Express from $325.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. HSBC lowered shares of American Express from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $265.00 to $270.00 in a research report on Tuesday, October 8th. Compass Point raised their target price on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, UBS Group boosted their price target on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, American Express has an average rating of “Hold” and a consensus target price of $278.09.

American Express Price Performance

NYSE:AXP opened at $318.07 on Wednesday. The company has a market cap of $224.07 billion, a P/E ratio of 23.40, a P/E/G ratio of 1.47 and a beta of 1.23. The firm’s fifty day moving average price is $299.65 and its two-hundred day moving average price is $272.78. American Express has a one year low of $184.06 and a one year high of $319.70. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid 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 yield of 0.88%. American Express’s dividend payout ratio (DPR) 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.