Conscious Wealth Investments LLC Has $4.01 Million Position in American Express (NYSE:AXP)

Conscious Wealth Investments LLC lowered its holdings in American Express (NYSE:AXP) by 1.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 14,771 shares of the payment services company’s stock after selling 155 shares during the quarter. American Express comprises approximately 2.7% of Conscious Wealth Investments LLC’s holdings, making the stock its 9th largest holding. Conscious Wealth Investments LLC’s holdings in American Express were worth $4,006,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Alphinity Investment Management Pty Ltd purchased a new stake in American Express during the first quarter valued at approximately $433,709,000. International Assets Investment Management LLC lifted its position in American Express by 26,783.5% during the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after acquiring an additional 906,353 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in American Express by 924.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock valued at $197,149,000 after acquiring an additional 768,301 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in American Express by 59,816.0% during the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after acquiring an additional 681,304 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in American Express by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock valued at $1,923,399,000 after acquiring an additional 662,382 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE AXP traded down $2.63 during trading on Friday, hitting $267.35. The company had a trading volume of 2,993,298 shares, compared to its average volume of 2,933,059. The stock has a fifty day simple moving average of $263.88 and a two-hundred day simple moving average of $245.57. American Express has a fifty-two week low of $141.02 and a fifty-two week high of $286.36. The firm has a market capitalization of $192.31 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a net margin of 15.53% and a return on equity of 32.94%. The business had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. During the same quarter last year, the business earned $3.30 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts expect that American Express will post 13.14 earnings per share for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, October 4th. American Express’s dividend payout ratio is currently 23.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AXP shares. Evercore ISI raised their price target on shares of American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a report on Monday, October 7th. Wells Fargo & Company raised their price target on shares of American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. JPMorgan Chase & Co. cut shares of American Express from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $268.00 to $286.00 in a report on Monday, October 7th. Hsbc Global Res cut shares of American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, BTIG Research cut shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target for the company. in a report on Tuesday, October 8th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average price target of $253.09.

Insider Transactions at American Express

In other news, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.12% of the company’s stock.

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.