Wealth management options tech sector momentum is driving

Tech sector momentum is driving portfolio rebalancing in wealth management options, as semiconductor stocks post double-digit revenue surprises for Q Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. American Express's payout ratio is currently 23.02%. Wall Street Analysts Forecast Growth American Express: Affluent Customers Don’t Leave Home Without It Several research firms have commented on AXP. Truist Financial boosted their price target on shares of American Express from $348.00 to $375.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. William Blair reaffirmed an "outperform" rating on shares of American Express in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of American Express from $371.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods increased their price target on shares of American Express from $371.00 to $394.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of American Express in a research report on Monday, July 14th. Eight research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $319.95. Get Our Latest Research Report on American Express Insider Buying and Selling at American Express In other news, CEO Stephen J. Squeri sold 112,272 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the sale, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Laureen Seeger sold 16,998 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the transaction, the insider directly owned 9,001 shares in the company, valued at $2,653,764.83. The trade was a 65.38% decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 269,996 shares of company stock valued at $85,261,270 over the last three months. 0.20% of the stock is owned by insiders. About American Express ( Free Report ) 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. Read More Five stocks we like better than American Express Biggest Stock Losers - Today’s Biggest Percentage Decliners General Dynamics Hits New Highs: Why It Might Keep Climbing 3 Tickers Leading a Meme Stock Revival Nike’s Turnaround: If the Shoe Fits, Buy It! Stock Trading Terms - Stock Terms Every Investor Needs to Know NVIDIA Breaks Out to New Highs: What Comes Next? Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company ( NYSE:AXP - Free Report ). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Should You Invest $1,000 in American Express Right Now? Before you consider American Express, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Express wasn't on the list. While American Express currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Options Trading Made Easy - Download Now Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy. Get This Free Report Consumer tech sales rose 5% YoY, encouraging wealth management options aimed at retail tech ETFs. Sector’s P/E ratio remains attractive relative to growth potential.