American Express (NYSE:AXP) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in American Express (NYSE:AXP) by 22.9% during the third quarter, Holdings Channel reports. The firm owned 36,411 shares of the payment services company’s stock after purchasing an additional 6,789 shares during the period. Quantinno Capital Management LP’s holdings in American Express were worth $9,875,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AXP. XML Financial LLC lifted its holdings in shares of American Express by 9.8% during the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after acquiring an additional 101 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of American Express by 2,196.4% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 8,244 shares of the payment services company’s stock valued at $1,909,000 after acquiring an additional 7,885 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of American Express by 41.3% during the 2nd quarter. Addison Advisors LLC now owns 701 shares of the payment services company’s stock valued at $162,000 after acquiring an additional 205 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of American Express by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 653,012 shares of the payment services company’s stock valued at $177,097,000 after acquiring an additional 28,371 shares in the last quarter. Finally, M&G PLC lifted its holdings in shares of American Express by 2.1% during the 3rd quarter. M&G PLC now owns 501,226 shares of the payment services company’s stock valued at $135,832,000 after acquiring an additional 10,364 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $300.53 on Friday. The company has a market cap of $211.71 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. American Express has a 52 week low of $167.18 and a 52 week high of $307.82. 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 firm has a 50 day moving average of $282.83 and a 200-day moving average of $257.08.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $16.68 billion. During the same quarter last year, the firm posted $3.30 EPS. American Express’s revenue was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that American Express will post 13.39 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, October 4th. American Express’s dividend payout ratio (DPR) is currently 20.60%.

Analyst Upgrades and Downgrades

AXP has been the topic of several analyst reports. TD Cowen lifted their price target on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Barclays lifted their price target on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Hsbc Global Res downgraded shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Evercore ISI boosted their target price on shares of 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 given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus price target of $253.09.

Insider Buying and Selling

In other news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. The trade was a 41.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,998 shares of company stock valued at $26,423,439. 0.12% of the stock is owned by 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.