Allworth Financial LP Acquires 3,830 Shares of American Express (NYSE:AXP)

Allworth Financial LP raised its stake in shares of American Express (NYSE:AXP - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,938 shares of the payment services company's stock after buying an additional 3,830 shares during the quarter. Allworth Financial LP's holdings in American Express were worth $40,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in American Express by 26,783.5% during the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company's stock valued at $2,467,210,000 after purchasing an additional 906,353 shares in the last quarter. FMR LLC raised its stake in American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company's stock worth $2,984,208,000 after buying an additional 866,110 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in American Express by 59,816.0% in the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company's stock valued at $185,079,000 after purchasing an additional 681,304 shares during the last quarter. World Investment Advisors LLC lifted its position in American Express by 35,213.7% during the third quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company's stock valued at $86,002,000 after acquiring an additional 316,219 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in American Express by 73.7% in the third quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company's stock worth $191,842,000 after acquiring an additional 300,138 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AXP. Royal Bank of Canada upped their price target on shares of American Express from $330.00 to $350.00 and gave the company an "outperform" rating in a report on Monday, January 27th. UBS Group increased their price target on shares of American Express from $283.00 to $320.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Monness Crespi & Hardt raised their price target on American Express from $330.00 to $355.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price objective on American Express from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. Finally, Compass Point dropped their price target on shares of American Express from $325.00 to $309.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $296.38.

American Express Stock Performance

AXP traded down $2.95 during midday trading on Wednesday, reaching $309.90. The company's stock had a trading volume of 2,147,517 shares, compared to its average volume of 2,445,843. The company has a fifty day simple moving average of $307.46 and a 200 day simple moving average of $283.46. The stock has a market cap of $217.71 billion, a P/E ratio of 22.12, a PEG ratio of 1.48 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. American Express has a twelve month low of $209.10 and a twelve month high of $326.27.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts' consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Research analysts expect that American Express will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were given a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. American Express's dividend payout ratio is 19.99%.

Insider Buying and Selling

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 shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the sale, the chief financial officer now directly owns 6,433 shares of the company's stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the transaction, the insider now owns 13,500 shares of the company's stock, valued at $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,664 shares of company stock valued at $9,613,503. Company insiders own 0.11% of the company's stock.

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.