Householder Group Estate & Retirement Specialist LLC lowered its position in shares of American Express (NYSE:AXP - Free Report) by 40.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,297 shares of the payment services company's stock after selling 863 shares during the period. Householder Group Estate & Retirement Specialist LLC's holdings in American Express were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in AXP. International Assets Investment Management LLC grew its holdings in shares of American Express by 26,783.5% in 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 holdings in American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company's stock valued at $2,984,208,000 after buying an additional 866,110 shares during the period. Public Employees Retirement Association of Colorado lifted its position in American Express by 924.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company's stock worth $197,149,000 after buying an additional 768,301 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in American Express by 59,816.0% during the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company's stock worth $185,079,000 after buying an additional 681,304 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in American Express by 71.9% during the second quarter. Canada Pension Plan Investment Board now owns 1,164,098 shares of the payment services company's stock valued at $269,547,000 after acquiring an additional 486,755 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.
American Express Price Performance
Shares of AXP stock traded up $1.27 on Friday, reaching $312.75. 2,180,554 shares of the company were exchanged, compared to its average volume of 2,022,091. American Express has a 1 year low of $177.81 and a 1 year high of $315.40. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The business has a 50-day moving average price of $299.26 and a 200 day moving average price of $271.73. The company has a market cap of $220.32 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 1.38 and a beta of 1.23.
American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.27 by $0.22. The firm had revenue of $16.64 billion during the quarter, compared to analysts' expectations of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.30 earnings per share. Equities research analysts forecast that American Express will post 13.48 earnings per share for the current fiscal year.
American Express Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a $0.70 dividend. The ex-dividend date is 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 (DPR) is presently 20.60%.
Analysts Set New Price Targets
A number of equities analysts have commented on AXP shares. Hsbc Global Res downgraded shares of American Express from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Evercore ISI upped their price target on shares of American Express from $275.00 to $290.00 and gave the stock an "in-line" rating in a research report on Monday, October 7th. Barclays lifted their price objective on shares of American Express from $250.00 to $257.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. JPMorgan Chase & Co. upped their target price on American Express from $301.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, The Goldman Sachs Group boosted their price target on American Express from $270.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $278.09.
Read Our Latest Report on AXP
Insider Activity at American Express
In related news, insider Anre D. Williams sold 77,887 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was 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 represents a 41.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the sale, the insider now owns 109,691 shares in the company, valued at $29,724,067.18. This represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,998 shares of company stock valued at $26,423,439. 0.11% of the stock is currently 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.
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