Mascoma Wealth Management LLC Cuts Position in American Express (NYSE:AXP)

Mascoma Wealth Management LLC decreased its position in American Express (NYSE:AXP) by 5.7% in the 3rd quarter, Holdings Channel reports. The fund owned 660 shares of the payment services company’s stock after selling 40 shares during the period. Mascoma Wealth Management LLC’s holdings in American Express were worth $179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC boosted its stake in American Express by 4.2% during the 1st quarter. Bleakley Financial Group LLC now owns 12,887 shares of the payment services company’s stock valued at $2,934,000 after acquiring an additional 525 shares during the last quarter. Cozad Asset Management Inc. grew its holdings in shares of American Express by 31.3% during the first quarter. Cozad Asset Management Inc. now owns 2,571 shares of the payment services company’s stock valued at $585,000 after purchasing an additional 613 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in American Express by 14.2% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,272 shares of the payment services company’s stock worth $517,000 after buying an additional 282 shares during the last quarter. Entropy Technologies LP increased its holdings in shares of American Express by 143.0% in the 1st quarter. Entropy Technologies LP now owns 12,192 shares of the payment services company’s stock worth $2,776,000 after acquiring an additional 7,174 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of American Express by 140.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 816,322 shares of the payment services company’s stock valued at $185,869,000 after purchasing an additional 476,543 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling

In related news, insider Anre D. Williams sold 77,887 shares of the firm’s 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 owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction dated 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 directly owns 111,656 shares in the company, valued at $30,176,150.56. This trade represents a 0.00 % 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, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express 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 sale, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on AXP shares. Evercore ISI boosted their price target 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. Compass Point assumed coverage on American Express in a report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 price objective on the stock. Wells Fargo & Company lifted their price target on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, September 30th. TD Cowen upped their price objective on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Finally, Barclays boosted their price target on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus target price of $253.09.

American Express Trading Up 1.9 %

American Express stock opened at $293.05 on Tuesday. The stock has a market cap of $206.44 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 12 month low of $153.50 and a 12 month high of $296.83. The business has a 50 day moving average price of $269.33 and a two-hundred day moving average price of $249.86.

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

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 0.96%. American Express’s payout ratio is 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.