Zions Bancorporation N.A. Has $400,000 Position in American Express (NYSE:AXP)

Zions Bancorporation N.A. trimmed its position in American Express (NYSE:AXP) by 79.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,475 shares of the payment services company’s stock after selling 5,820 shares during the quarter. Zions Bancorporation N.A.’s holdings in American Express were worth $400,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AXP. International Assets Investment Management LLC grew its stake in shares of American Express by 26,783.5% in 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 in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in American Express by 924.2% in the 2nd 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 purchasing an additional 768,301 shares during the period. Pathway Financial Advisers LLC grew its position in shares of American Express by 59,816.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after purchasing an additional 681,304 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 worth $1,923,399,000 after purchasing an additional 662,382 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of American Express by 71.9% in the second quarter. Canada Pension Plan Investment Board now owns 1,164,098 shares of the payment services company’s stock valued at $269,547,000 after buying an additional 486,755 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In related 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 value of $21,049,740.62. Following the transaction, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 41.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated 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 sale, the insider now owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price target on American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Barclays boosted their price target on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. The Goldman Sachs Group upped their price objective on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Royal Bank of Canada raised their target price on shares of American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Four investment 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $253.09.

American Express Stock Performance

NYSE:AXP opened at $286.80 on Friday. The stock’s 50-day moving average is $271.46 and its 200-day moving average is $250.75. The stock has a market cap of $202.04 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21. American Express has a 1-year low of $157.97 and a 1-year high of $296.83. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. The firm had revenue of $16.64 billion for the quarter, compared to analyst estimates 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 for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.30 EPS. Equities research analysts anticipate that American Express will post 13.4 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, October 4th. American Express’s payout ratio is presently 20.60%.

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.