OneDigital Investment Advisors LLC Has $6.74 Million Position in American Express (NYSE:AXP)

OneDigital Investment Advisors LLC reduced its holdings in American Express (NYSE:AXP - Free Report) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,860 shares of the payment services company's stock after selling 1,771 shares during the period. OneDigital Investment Advisors LLC's holdings in American Express were worth $6,742,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position 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 during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of 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 valued at $197,149,000 after buying an additional 768,301 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings 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 last quarter. Price T Rowe Associates Inc. MD raised its position in American Express by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company's stock worth $1,923,399,000 after acquiring an additional 662,382 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in American Express by 71.9% in 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 owned by institutional investors.

Insider Activity

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the transaction, the insider now directly owns 109,691 shares of the company's stock, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anre D. Williams sold 77,887 shares of the stock in a transaction dated 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 approximately $30,176,150.56. The trade was a 41.09 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AXP. Evercore ISI upped their target price on shares of American Express from $275.00 to $290.00 and gave the company an "in-line" rating in a report on Monday, October 7th. Monness Crespi & Hardt raised their price objective on American Express from $265.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Morgan Stanley boosted their target price on American Express from $248.00 to $252.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. The Goldman Sachs Group lifted their price objective on shares of American Express from $270.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Finally, Hsbc Global Res cut shares of American Express from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $253.09.

American Express Price Performance

Shares of AXP traded down $1.43 during midday trading on Friday, hitting $286.87. The company's stock had a trading volume of 2,614,568 shares, compared to its average volume of 2,906,965. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a one year low of $157.97 and a one year high of $296.83. The stock has a market capitalization of $202.09 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21. The company's fifty day simple moving average is $272.31 and its two-hundred day simple moving average is $251.09.

American Express (NYSE:AXP - Get Free Report) last released its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.27 by $0.22. The firm had revenue of $16.64 billion for 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 business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.30 earnings per share. As a group, equities analysts expect that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 4th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 annualized dividend and a dividend yield of 0.98%. American Express's dividend payout ratio (DPR) is presently 20.60%.

About American Express

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.