American Express (NYSE:AXP) Shares Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC grew its holdings in shares of American Express (NYSE:AXP) by 0.9% in the third quarter, HoldingsChannel reports. The fund owned 11,878 shares of the payment services company’s stock after buying an additional 108 shares during the period. KCM Investment Advisors LLC’s holdings in American Express were worth $3,221,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of AXP. Kennebec Savings Bank bought a new stake in American Express during the third quarter worth approximately $29,000. DHJJ Financial Advisors Ltd. lifted its holdings in American Express by 42.2% in the 2nd 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 bought a new position in shares of American Express during the 3rd quarter valued at about $46,000. Capital Performance Advisors LLP bought a new stake in shares of American Express in the 3rd quarter worth approximately $48,000. Finally, POM Investment Strategies LLC acquired a new stake in American Express during the second quarter valued at approximately $42,000. Institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction that occurred on 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 transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. The trade was a 10.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction that occurred 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 sale, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. This represents a 41.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AXP has been the topic of several recent research reports. Monness Crespi & Hardt lifted their price target on shares of American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Bank of America increased their price target on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. cut shares of American Express from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $268.00 to $286.00 in a report on Monday, October 7th. BTIG Research cut shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company increased their target price on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $253.09.

American Express Stock Down 0.5 %

American Express stock opened at $286.80 on Friday. American Express has a fifty-two week low of $157.97 and a fifty-two week high of $296.83. The company’s 50-day moving average is $272.31 and its 200-day moving average is $251.09. 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 firm has a market capitalization of $202.04 billion, a PE ratio of 21.10, a P/E/G ratio of 1.65 and a beta of 1.21.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. The business had revenue of $16.64 billion for the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $3.30 earnings per share. Sell-side analysts anticipate that American Express will post 13.4 earnings per share 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 issued a dividend of $0.70 per share. The ex-dividend date was Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 0.98%. 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.