Noesis Capital Mangement Corp Has $28.10 Million Stock Holdings in American Express (NYSE:AXP)

Noesis Capital Mangement Corp lifted its stake in shares of American Express (NYSE:AXP) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,625 shares of the payment services company’s stock after purchasing an additional 4,122 shares during the period. American Express comprises about 5.6% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 3rd biggest holding. Noesis Capital Mangement Corp’s holdings in American Express were worth $28,103,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AXP. Prospera Private Wealth LLC acquired a new position in shares of American Express in the 3rd quarter worth approximately $27,000. Kennebec Savings Bank acquired a new position in American Express in the third quarter worth $29,000. DHJJ Financial Advisors Ltd. increased its stake in American Express by 42.2% during the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock valued at $38,000 after purchasing an additional 49 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of American Express during the third quarter worth $46,000. Finally, Capital Performance Advisors LLP bought a new position in shares of American Express in the 3rd quarter worth about $48,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AXP has been the topic of several research reports. TD Cowen increased their price objective 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. StockNews.com cut American Express from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company boosted their price objective on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Morgan Stanley increased their target price on American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group boosted their price target on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $253.09.

American Express Stock Down 0.4 %

Shares of AXP stock opened at $304.28 on Thursday. American Express has a 1 year low of $163.61 and a 1 year high of $307.82. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The business’s fifty day moving average is $278.61 and its 200-day moving average is $254.61. The stock has a market cap of $214.35 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21.

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

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, October 4th. American Express’s dividend payout ratio is presently 20.60%.

Insider Buying and Selling

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 109,691 shares in the company, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $21,049,740.62. Following the sale, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. The trade was a 41.09 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

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.