American Express (NYSE:AXP) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its stake in shares of American Express (NYSE:AXP) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,833 shares of the payment services company’s stock after purchasing an additional 65 shares during the period. Lindbrook Capital LLC’s holdings in American Express were worth $768,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Assetmark Inc. raised its holdings in shares of American Express by 6.7% during the third quarter. Assetmark Inc. now owns 67,025 shares of the payment services company’s stock valued at $18,177,000 after acquiring an additional 4,180 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of American Express by 4.0% during the third quarter. Verdence Capital Advisors LLC now owns 18,135 shares of the payment services company’s stock worth $4,918,000 after purchasing an additional 692 shares in the last quarter. Townsend & Associates Inc raised its stake in American Express by 0.9% in the 3rd quarter. Townsend & Associates Inc now owns 13,416 shares of the payment services company’s stock valued at $3,639,000 after purchasing an additional 124 shares during the last quarter. Executive Wealth Management LLC purchased a new position in American Express in the 3rd quarter valued at $205,000. Finally, Crumly & Associates Inc. boosted its stake in American Express by 2.5% during the 3rd quarter. Crumly & Associates Inc. now owns 2,262 shares of the payment services company’s stock worth $613,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

Shares of American Express stock opened at $287.60 on Friday. The stock has a market capitalization of $202.60 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.21. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The business has a 50-day moving average of $268.64 and a 200 day moving average of $249.32. American Express has a 12 month low of $152.05 and a 12 month high of $296.83.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.27 by $0.22. The business had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.30 earnings per share. As a group, sell-side analysts forecast that American Express will post 13.4 earnings per share for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a yield of 0.97%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Insider Buying and Selling

In other American Express news, 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 value of $3,552,818.78. Following the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction 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 sale, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on AXP. Monness Crespi & Hardt raised their price target on shares of American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Compass Point began coverage on shares of American Express in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 target price on the stock. Evercore ISI increased their price target on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Morgan Stanley boosted their price objective on American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group upped their target price on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $253.09.

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.