847 Shares in American Express (NYSE:AXP) Bought by apricus wealth LLC

by · The Markets Daily

apricus wealth LLC bought a new stake in shares of American Express (NYSE:AXP – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 847 shares of the payment services company’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. DHJJ Financial Advisors Ltd. increased its holdings in shares of 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 during the last quarter. BNP Paribas bought a new stake in American Express in the 1st quarter worth approximately $40,000. POM Investment Strategies LLC purchased a new stake in shares of American Express during the 2nd quarter worth approximately $42,000. Founders Capital Management bought a new position in shares of American Express during the 2nd quarter valued at approximately $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of American Express in the third quarter valued at $46,000. 84.33% of the stock is currently owned by institutional investors.

Insider Transactions at American Express

In related news, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the transaction, the insider now directly owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AXP shares. Morgan Stanley upped their price target 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. Keefe, Bruyette & Woods increased their price target on shares of American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Royal Bank of Canada boosted their price objective on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $268.00 to $286.00 in a research note on Monday, October 7th. Finally, Hsbc Global Res downgraded American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, American Express has an average rating of “Hold” and an average price target of $253.09.

Get Our Latest Research Report on American Express

American Express Stock Down 0.5 %

Shares of NYSE:AXP opened at $269.96 on Friday. The business’s 50 day moving average is $263.16 and its 200 day moving average is $244.92. The stock has a market cap of $194.18 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. American Express has a 52-week low of $141.02 and a 52-week high of $286.36. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74.

American Express (NYSE:AXP – Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.30 EPS. Sell-side analysts predict that American Express will post 13.14 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.04%. American Express’s dividend payout ratio is currently 23.06%.

American Express Company Profile

(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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