American Express (NYSE:AXP) Shares Sold by William Allan Corp

William Allan Corp lowered its position in American Express (NYSE:AXP) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,563 shares of the payment services company’s stock after selling 141 shares during the quarter. American Express makes up about 2.4% of William Allan Corp’s holdings, making the stock its 17th biggest holding. William Allan Corp’s holdings in American Express were worth $3,950,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in American Express during the 1st quarter worth approximately $453,000. LRI Investments LLC acquired a new position in American Express in the 1st quarter valued at $91,000. Cetera Investment Advisers raised its position in American Express by 219.4% during the 1st quarter. Cetera Investment Advisers now owns 164,861 shares of the payment services company’s stock worth $37,537,000 after buying an additional 113,249 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of American Express by 119.6% in the 1st quarter. Cetera Advisors LLC now owns 39,497 shares of the payment services company’s stock worth $8,993,000 after acquiring an additional 21,508 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of American Express in the 1st quarter worth $228,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AXP has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Morgan Stanley raised their price target on American Express from $248.00 to $252.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Monness Crespi & Hardt lifted their price target on American Express from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 14th. TD Cowen increased their price objective on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Finally, BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price on the stock. in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus target price of $253.09.

Insider Buying and Selling at American Express

In other American Express 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 value of $21,049,740.62. Following the completion of the sale, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 41.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction on 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 owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

American Express Trading Down 0.4 %

Shares of NYSE:AXP opened at $304.25 on Friday. American Express has a twelve month low of $163.61 and a twelve month high of $307.82. The firm has a market cap of $214.33 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.74 and a beta of 1.21. The company has a 50 day moving average of $279.32 and a 200-day moving average of $254.96. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping 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%. American Express’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $3.30 EPS. As a group, analysts anticipate that American Express will post 13.39 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, October 4th. American Express’s payout ratio is presently 20.60%.

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.