American Express (NYSE:AXP) Shares Bought by Cable Hill Partners LLC

Cable Hill Partners LLC raised its position in shares of American Express (NYSE:AXP) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,638 shares of the payment services company’s stock after buying an additional 157 shares during the period. Cable Hill Partners LLC’s holdings in American Express were worth $987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Kennebec Savings Bank purchased a new position in American Express in the 3rd quarter valued at approximately $29,000. DHJJ Financial Advisors Ltd. grew its stake in American Express by 42.2% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after purchasing an additional 49 shares in the last quarter. POM Investment Strategies LLC purchased a new stake in American Express during the 2nd quarter worth about $42,000. Founders Capital Management acquired a new stake in American Express in the 2nd quarter valued at about $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of American Express in the 3rd quarter valued at about $46,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Express 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 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 legal filing with the SEC, which is available at this link. In other news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This trade 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.

American Express Stock Performance

Shares of AXP stock opened at $287.64 on Thursday. 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 company’s fifty day moving average price is $270.01 and its two-hundred day moving average price is $250.23. The firm has a market capitalization of $202.63 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.65 and a beta of 1.21. American Express has a 12 month low of $156.03 and a 12 month high of $296.83.

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 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 company had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. During the same period in the prior year, the company posted $3.30 EPS. American Express’s quarterly revenue was up 8.2% on a year-over-year basis. On average, research analysts anticipate that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Announces Dividend

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 $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Friday, October 4th. American Express’s dividend payout ratio is presently 20.60%.

Analyst Ratings Changes

AXP has been the subject of a number of recent analyst reports. Hsbc Global Res downgraded American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Morgan Stanley raised their target price on shares of American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada boosted their target price on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. BTIG Research downgraded 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. Finally, TD Cowen boosted their price target on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.