American Express (NYSE:AXP) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its holdings in shares of American Express (NYSE:AXP) by 7.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 11,204 shares of the payment services company’s stock after acquiring an additional 731 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in American Express were worth $3,038,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. DHJJ Financial Advisors Ltd. grew its position 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. POM Investment Strategies LLC bought a new position in shares of American Express in the second quarter valued at approximately $42,000. Founders Capital Management acquired a new position in shares of American Express during the second quarter valued at approximately $46,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in American Express during the third quarter worth approximately $46,000. Finally, Beacon Capital Management LLC lifted its position in American Express by 162.1% in the first quarter. Beacon Capital Management LLC now owns 228 shares of the payment services company’s stock worth $52,000 after purchasing an additional 141 shares during the period. Institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction dated 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 sale, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the 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 completion of the transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Hsbc Global Res cut American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. HSBC lowered shares of American Express from a “buy” rating to a “hold” rating and raised their price objective for the company from $265.00 to $270.00 in a research report on Tuesday, October 8th. JPMorgan Chase & Co. cut shares of American Express from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $268.00 to $286.00 in a report on Monday, October 7th. Bank of America increased their price objective on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, Evercore ISI boosted their target price on American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a research report on Monday, October 7th. Four investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $253.09.

American Express Stock Performance

AXP opened at $295.12 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The stock’s 50 day moving average price is $267.52 and its two-hundred day moving average price is $248.67. The firm has a market capitalization of $207.90 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. American Express has a 12-month low of $152.05 and a 12-month high of $296.83.

American Express (NYSE:AXP) last announced its quarterly earnings data 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 net margin of 15.32% and a return on equity of 32.46%. The business had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same quarter last year, the company posted $3.30 earnings per share. American Express’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts forecast that American Express will post 13.41 earnings per share for the current year.

American Express Announces Dividend

The company 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. This represents a $2.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, October 4th. American Express’s dividend payout ratio (DPR) is presently 20.60%.

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.