American Express (NYSE:AXP) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in American Express (NYSE:AXP) by 26,783.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 909,737 shares of the payment services company’s stock after purchasing an additional 906,353 shares during the quarter. International Assets Investment Management LLC owned about 0.13% of American Express worth $2,467,210,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. grew its holdings in American Express by 42.2% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock valued at $38,000 after buying an additional 49 shares in the last quarter. BNP Paribas purchased a new position in American Express during the 1st quarter valued at about $40,000. POM Investment Strategies LLC purchased a new position in American Express during the 2nd quarter valued at about $42,000. Founders Capital Management purchased a new position in American Express during the 2nd quarter valued at about $46,000. Finally, Beacon Capital Management LLC boosted its holdings in American Express by 162.1% during the 1st quarter. Beacon Capital Management LLC now owns 228 shares of the payment services company’s stock valued at $52,000 after acquiring an additional 141 shares during the period. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays increased their price target on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research report on Monday. Royal Bank of Canada raised their price target on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Jefferies Financial Group raised their price target on American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods lifted their target price on American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Finally, Morgan Stanley lifted their target price on American Express from $248.00 to $252.00 and gave the company an “equal weight” rating in a research note on Monday. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $244.58.

American Express Stock Down 0.4 %

Shares of NYSE:AXP opened at $271.22 on Thursday. 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 has a 52-week low of $141.02 and a 52-week high of $286.36. The stock’s fifty day simple moving average is $263.16 and its 200-day simple moving average is $244.92. The company has a market capitalization of $195.09 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.50 and a beta of 1.21.

American Express (NYSE:AXP) last released its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.22. American Express had a return on equity of 32.94% and a net margin of 15.53%. The firm had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same period in the prior year, the business posted $3.30 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that American Express will post 13.14 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 1.03%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

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.