Executive Wealth Management LLC Acquires Shares of 757 American Express (NYSE:AXP)

Executive Wealth Management LLC acquired a new position in American Express (NYSE:AXP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 757 shares of the payment services company’s stock, valued at approximately $205,000.

Other institutional investors have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. boosted its stake in American Express by 42.2% in the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock valued at $38,000 after acquiring an additional 49 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in American Express in the third quarter worth $46,000. Capital Performance Advisors LLP bought a new stake in shares of American Express in the third quarter valued at $48,000. POM Investment Strategies LLC bought a new position in shares of American Express during the 2nd quarter worth $42,000. Finally, Founders Capital Management purchased a new stake in American Express during the second quarter valued at about $46,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.3 %

Shares of NYSE:AXP opened at $287.60 on Friday. The company has a market cap of $202.60 billion, a PE ratio of 21.16, a P/E/G ratio of 1.47 and a beta of 1.21. American Express has a 1 year low of $152.05 and a 1 year high of $296.83. The stock’s 50-day moving average is $268.64 and its 200 day moving average is $249.32. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share 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 for the quarter, compared to analysts’ expectations of $16.68 billion. During the same quarter in the previous 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. Sell-side analysts anticipate that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 4th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 annualized dividend and a dividend yield of 0.97%. American Express’s payout ratio is 20.60%.

Insider Transactions at American Express

In other American Express news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. 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 available at the SEC website. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction 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 transaction, the insider now owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AXP. HSBC downgraded shares of American Express from a “buy” rating to a “hold” rating and raised their price objective for the stock from $265.00 to $270.00 in a report on Tuesday, October 8th. Evercore ISI lifted their target price on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Bank of America increased their price target on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. lowered shares of 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 report on Monday, October 7th. Finally, Morgan Stanley increased their target price on shares of American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, American Express has an average rating of “Hold” and an average target price of $253.09.

About American Express

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.