2,195 Shares in American Express (NYSE:AXP) Bought by Aviso Wealth Management

Aviso Wealth Management acquired a new stake in shares of American Express (NYSE:AXP - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,195 shares of the payment services company's stock, valued at approximately $595,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Kennebec Savings Bank bought a new position in American Express in the third quarter worth about $29,000. DHJJ Financial Advisors Ltd. raised its holdings in American Express by 42.2% in the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company's stock worth $38,000 after purchasing an additional 49 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in American Express in the third quarter worth about $46,000. Capital Performance Advisors LLP bought a new position in American Express in the third quarter worth about $48,000. Finally, POM Investment Strategies LLC bought a new position in American Express in the second quarter worth about $42,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of American Express from $250.00 to $257.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. BTIG Research downgraded shares of American Express from a "neutral" rating to a "sell" rating and set a $230.00 price objective on the stock. in a report on Tuesday, October 8th. TD Cowen upped their price objective on shares of American Express from $260.00 to $268.00 and gave the company a "hold" rating in a report on Monday, October 21st. Hsbc Global Res lowered American Express from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company raised their price objective on American Express from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Four 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's stock. According to MarketBeat.com, American Express has a consensus rating of "Hold" and a consensus target price of $253.09.

Insider Buying and Selling at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the 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 transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anre D. Williams sold 77,887 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the transaction, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. This trade represents a 41.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company's stock.

American Express Stock Performance

American Express stock traded down $1.19 during mid-day trading on Monday, hitting $285.68. 1,068,944 shares of the company's stock traded hands, compared to its average volume of 2,898,723. The firm has a 50 day moving average price of $272.31 and a 200 day moving average price of $251.34. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a market cap of $201.25 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21. American Express has a one year low of $161.73 and a one year high of $296.83.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating 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 the consensus estimate of $16.68 billion. During the same quarter in the previous year, the business earned $3.30 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts forecast that American Express will post 13.47 EPS for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.98%. American Express's dividend payout ratio is currently 20.60%.

American Express Company 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.