American Express (NYSE:AXP) Position Boosted by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its position in shares of American Express (NYSE:AXP - Free Report) by 10.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,167 shares of the payment services company's stock after buying an additional 13,428 shares during the period. Mediolanum International Funds Ltd's holdings in American Express were worth $38,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. lifted its position in shares of American Express by 42.2% during the second 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. BNP Paribas purchased a new position in American Express in the 1st quarter valued at approximately $40,000. POM Investment Strategies LLC purchased a new stake in shares of American Express during the second quarter worth $42,000. Founders Capital Management acquired a new stake in shares of American Express in the second quarter valued at $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in American Express in the third quarter valued at $46,000. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Stock Performance

American Express stock traded down $2.75 during mid-day trading on Friday, reaching $267.23. 2,992,254 shares of the company were exchanged, compared to its average volume of 2,933,059. The firm's 50-day simple moving average is $263.57 and its two-hundred day simple moving average is $245.09. American Express has a twelve month low of $141.02 and a twelve month high of $286.36. The firm has a market cap of $192.22 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66.

American Express (NYSE:AXP - Get Free Report) last issued 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 firm 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 company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $3.30 earnings per share. Equities analysts predict that American Express will post 13.14 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Analyst Ratings Changes

AXP has been the subject of several recent research reports. Bank of America lifted their price objective on American Express from $263.00 to $265.00 and gave the company a "neutral" rating in a research note on Tuesday, September 17th. Royal Bank of Canada increased their price objective on shares of American Express from $265.00 to $267.00 and gave the company an "outperform" rating in a research report on Monday, July 22nd. Monness Crespi & Hardt lifted their price objective on shares of American Express from $265.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. HSBC lowered American Express from a "buy" rating to a "hold" rating and increased their target price for the company from $265.00 to $270.00 in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group lifted their price target on American Express from $270.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 7th. 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $253.09.

Read Our Latest Stock Analysis on American Express

Insider Buying and Selling at American Express

In other American Express news, insider Anre D. Williams sold 77,887 shares of the firm's 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 sale, the insider now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

American Express 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.

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