American Express (AXP) Shares Bought by Bell & Brown Wealth Advisors LLC

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Bell & Brown Wealth Advisors LLC lifted its stake in shares of American Express (NYSE:AXP) by 152.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,231 shares of the payment services company’s stock after acquiring an additional 26,083 shares during the quarter. American Express comprises about 1.7% of Bell & Brown Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Bell & Brown Wealth Advisors LLC’s holdings in American Express were worth $4,121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. WESPAC Advisors SoCal LLC grew its position in American Express by 305.0% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 405 shares of the payment services company’s stock worth $39,000 after buying an additional 305 shares during the last quarter. Rational Advisors LLC grew its position in American Express by 99.7% in the fourth quarter. Rational Advisors LLC now owns 731 shares of the payment services company’s stock worth $70,000 after buying an additional 365 shares during the last quarter. Virginia Retirement Systems ET AL grew its position in American Express by 8.7% in the fourth quarter. Virginia Retirement Systems ET AL now owns 25,100 shares of the payment services company’s stock worth $2,393,000 after buying an additional 2,000 shares during the last quarter. Piedmont Investment Advisors Inc. grew its position in American Express by 6.0% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 59,994 shares of the payment services company’s stock worth $5,719,000 after buying an additional 3,394 shares during the last quarter. Finally, Weatherstone Capital Management grew its position in American Express by 49.3% in the fourth quarter. Weatherstone Capital Management now owns 5,937 shares of the payment services company’s stock worth $632,000 after buying an additional 1,961 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

AXP has been the topic of several recent research reports. Oppenheimer set a $114.00 price target on shares of American Express and gave the stock a “buy” rating in a research report on Monday, November 5th. Buckingham Research lowered shares of American Express from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a research report on Thursday, November 29th. They noted that the move was a valuation call. William Blair restated an “outperform” rating on shares of American Express in a research report on Friday, December 14th. Barclays set a $118.00 price target on shares of American Express and gave the stock a “hold” rating in a research report on Friday, December 14th. Finally, Bank of America lowered shares of American Express from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $115.00 in a research report on Wednesday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $110.99.

In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of American Express stock in a transaction on Friday, February 1st. The shares were sold at an average price of $103.02, for a total transaction of $1,287,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Petrino sold 2,444 shares of American Express stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $107.11, for a total transaction of $261,776.84. Following the sale, the executive vice president now directly owns 7,591 shares of the company’s stock, valued at approximately $813,072.01. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

NYSE AXP opened at $106.78 on Thursday. American Express has a twelve month low of $89.05 and a twelve month high of $114.55. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $89.82 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.24 and a beta of 1.12.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 17th. The payment services company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.06). American Express had a return on equity of 30.35% and a net margin of 17.08%. The firm had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.54 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts expect that American Express will post 8.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 8th. Shareholders of record on Friday, January 4th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.46%. The ex-dividend date was Thursday, January 3rd. American Express’s payout ratio is 21.28%.

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American Express Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

Further Reading: Asset Allocation and Your Retirement

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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