Vigilare Wealth Management Buys New Shares in American Express (NYSE:AXP)

Vigilare Wealth Management purchased a new position in American Express (NYSE:AXP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,346 shares of the payment services company’s stock, valued at approximately $365,000.

A number of other large investors have also recently made changes to their positions in AXP. Chicago Partners Investment Group LLC raised its stake in American Express by 3.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,579 shares of the payment services company’s stock worth $1,242,000 after acquiring an additional 155 shares during the period. Creative Capital Management Investments LLC raised its position in shares of American Express by 50,000.0% during the 3rd quarter. Creative Capital Management Investments LLC now owns 501 shares of the payment services company’s stock valued at $136,000 after purchasing an additional 500 shares during the period. Tower Wealth Partners Inc. purchased a new position in shares of American Express during the 3rd quarter valued at $418,000. Phillips Wealth Planners LLC bought a new position in American Express in the 3rd quarter worth $238,000. Finally, Farther Finance Advisors LLC increased its stake in American Express by 41.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,905 shares of the payment services company’s stock worth $1,601,000 after buying an additional 1,730 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Express

In related news, insider Anre D. Williams sold 77,887 shares of the stock in a transaction 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 transaction, the insider now directly owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other American Express 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 transaction, the insider now directly owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s 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 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. Insiders own 0.12% of the company’s stock.

American Express Stock Up 1.0 %

American Express stock opened at $272.69 on Friday. American Express has a 12 month low of $148.33 and a 12 month high of $286.36. The stock has a market capitalization of $192.10 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.49 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 simple moving average of $266.02 and a 200-day simple moving average of $247.24.

American Express (NYSE:AXP) last posted its quarterly earnings data 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. The business had revenue of $16.64 billion for 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 company’s 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. On average, analysts anticipate that American Express will post 13.41 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 1.03%. American Express’s dividend payout ratio (DPR) is currently 20.60%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AXP. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Bank of America lifted their price target on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Hsbc Global Res downgraded shares of American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Monness Crespi & Hardt lifted their target price on American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada increased their price target on American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.