Nisa Investment Advisors LLC Acquires 9,471 Shares of American Express (NYSE:AXP)

Nisa Investment Advisors LLC boosted its holdings in American Express (NYSE:AXP - Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 274,192 shares of the payment services company's stock after acquiring an additional 9,471 shares during the quarter. Nisa Investment Advisors LLC's holdings in American Express were worth $74,361,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cetera Advisors LLC lifted its position in shares of American Express by 119.6% during the 1st quarter. Cetera Advisors LLC now owns 39,497 shares of the payment services company's stock worth $8,993,000 after buying an additional 21,508 shares in the last quarter. Empowered Funds LLC lifted its position in shares of American Express by 102.9% during the 1st quarter. Empowered Funds LLC now owns 12,480 shares of the payment services company's stock worth $2,842,000 after buying an additional 6,329 shares in the last quarter. Sciencast Management LP bought a new position in shares of American Express during the 1st quarter worth approximately $1,881,000. Oliver Lagore Vanvalin Investment Group lifted its position in shares of American Express by 2,196.4% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 8,244 shares of the payment services company's stock worth $1,909,000 after buying an additional 7,885 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of American Express by 49.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 279,106 shares of the payment services company's stock worth $63,550,000 after buying an additional 91,760 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

Insider Transactions at American Express

In other American Express news, insider Anre D. Williams sold 77,887 shares of the business's 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 sale, the insider now directly owns 111,656 shares of the company's stock, valued at $30,176,150.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AXP has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of American Express from $225.00 to $235.00 and gave the stock a "hold" rating in a research report on Tuesday, July 9th. The Goldman Sachs Group lifted their price target on shares of American Express from $270.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 7th. JPMorgan Chase & Co. cut shares of American Express from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $268.00 to $286.00 in a report on Monday, October 7th. Morgan Stanley lifted their price target on shares of American Express from $248.00 to $252.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Finally, Monness Crespi & Hardt lifted their price target on shares of American Express from $265.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $253.09.

American Express Price Performance

Shares of AXP traded up $4.25 during mid-day trading on Monday, reaching $271.60. 2,336,390 shares of the stock traded hands, compared to its average volume of 2,930,198. The firm has a fifty day moving average price of $263.88 and a 200 day moving average price of $245.77. The company has a market cap of $195.36 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a 1 year low of $141.73 and a 1 year high of $286.36.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.27 by $0.22. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. During the same period in the previous year, the firm posted $3.30 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts predict that American Express will post 13.14 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, October 4th. American Express's dividend payout ratio is currently 23.06%.

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.