Boyd Watterson Asset Management LLC OH Sells 74 Shares of American Express (NYSE:AXP)

Boyd Watterson Asset Management LLC OH lessened its holdings in American Express (NYSE:AXP) by 0.3% during the third quarter, HoldingsChannel.com reports. The fund owned 28,350 shares of the payment services company’s stock after selling 74 shares during the period. American Express makes up about 2.1% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 13th biggest holding. Boyd Watterson Asset Management LLC OH’s holdings in American Express were worth $7,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AXP. Sound Income Strategies LLC grew its position in American Express by 46.3% in the first quarter. Sound Income Strategies LLC now owns 496 shares of the payment services company’s stock valued at $113,000 after acquiring an additional 157 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of American Express by 109.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 3,873 shares of the payment services company’s stock worth $882,000 after purchasing an additional 2,020 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in shares of American Express by 22.2% during the first quarter. Atlas Capital Advisors LLC now owns 286 shares of the payment services company’s stock worth $65,000 after purchasing an additional 52 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of American Express by 37.2% during the first quarter. Sunbelt Securities Inc. now owns 1,943 shares of the payment services company’s stock worth $442,000 after purchasing an additional 527 shares during the last quarter. Finally, Sovereign Financial Group Inc. grew its holdings in shares of American Express by 7.7% during the first quarter. Sovereign Financial Group Inc. now owns 1,487 shares of the payment services company’s stock worth $339,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.1 %

AXP stock opened at $271.50 on Thursday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $195.29 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.50 and a beta of 1.21. American Express has a fifty-two week low of $141.02 and a fifty-two week high of $286.36. The stock has a fifty day moving average of $263.16 and a 200-day moving average of $244.92.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.22. The company had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.30 EPS. As a group, equities research analysts predict that American Express will post 13.14 earnings per share for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, October 4th. American Express’s dividend payout ratio is presently 23.06%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AXP shares. Keefe, Bruyette & Woods boosted their price target on American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Monness Crespi & Hardt upped their target price on American Express from $265.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 14th. Royal Bank of Canada boosted 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. Evercore ISI boosted their price target on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research note on Monday, October 7th. Finally, Compass Point initiated coverage on American Express in a research report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 target price on the stock. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $244.58.

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.