Souders Financial Advisors Takes Position in American Express (NYSE:AXP)

Souders Financial Advisors purchased a new position in American Express (NYSE:AXP - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,792 shares of the payment services company's stock, valued at approximately $1,028,000.

Several other institutional investors have also bought and sold shares of AXP. International Assets Investment Management LLC raised its stake in shares of American Express by 26,783.5% during the 3rd 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 period. Public Employees Retirement Association of Colorado lifted its stake in American Express by 924.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company's stock worth $197,149,000 after purchasing an additional 768,301 shares in the last quarter. Pathway Financial Advisers LLC boosted its holdings in American Express by 59,816.0% in the 3rd 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 period. Price T Rowe Associates Inc. MD grew its position in shares of American Express by 8.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company's stock valued at $1,923,399,000 after purchasing an additional 662,382 shares in the last quarter. Finally, M&G Plc bought a new position in shares of American Express in the first quarter worth $114,990,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AXP shares. Bank of America boosted their target price on American Express from $263.00 to $265.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 17th. Morgan Stanley raised their target price on shares of American Express from $248.00 to $252.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. 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. Monness Crespi & Hardt raised their price target on American Express from $265.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company upped their price objective on American Express from $285.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $253.09.

American Express Trading Up 0.0 %

Shares of American Express stock traded up $0.07 during midday trading on Wednesday, reaching $288.58. 1,306,692 shares of the company's stock traded hands, compared to its average volume of 2,904,276. The company has a market cap of $203.29 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21. The stock has a 50 day moving average of $270.01 and a 200-day moving average of $250.23. American Express has a 12 month low of $156.03 and a 12 month high of $296.83. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63.

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 (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $16.68 billion. During the same quarter in the prior year, the company earned $3.30 EPS. The business's revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts expect that American Express will post 13.4 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, October 4th. American Express's dividend payout ratio (DPR) is currently 20.60%.

Insider Buying and Selling

In other American Express news, insider Anre D. Williams sold 77,887 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the sale, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Anre D. Williams sold 77,887 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business's stock in a transaction dated 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 sale, the insider now owns 109,691 shares of the company's stock, valued at approximately $29,724,067.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

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.