American Express (NYSE:AXP) Shares Bought by Rheos Capital Works Inc.

Rheos Capital Works Inc. grew its stake in American Express (NYSE:AXP - Free Report) by 19.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,700 shares of the payment services company's stock after purchasing an additional 16,000 shares during the period. American Express makes up approximately 1.4% of Rheos Capital Works Inc.'s portfolio, making the stock its 24th biggest holding. Rheos Capital Works Inc.'s holdings in American Express were worth $26,767,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new stake in American Express in the fourth quarter valued at $25,000. Game Plan Financial Advisors LLC boosted its holdings in American Express by 62.5% during the first quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company's stock worth $30,000 after buying an additional 50 shares in the last quarter. Riverview Trust Co purchased a new position in American Express in the first quarter valued at about $38,000. DHJJ Financial Advisors Ltd. lifted its position in shares of American Express by 42.2% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company's stock valued at $38,000 after acquiring an additional 49 shares during the period. Finally, BNP Paribas purchased a new stake in shares of American Express during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AXP. Morgan Stanley raised their price objective on American Express from $226.00 to $248.00 and gave the company an "equal weight" rating in a research note on Monday. Keefe, Bruyette & Woods boosted their price objective on shares of American Express from $265.00 to $280.00 and gave the stock an "outperform" rating in a research report on Monday, July 8th. Compass Point assumed coverage on shares of American Express in a research note on Tuesday, July 16th. They issued a "neutral" rating and a $260.00 price objective on the stock. HSBC cut shares of American Express from a "buy" rating to a "hold" rating and lifted their target price for the stock from $265.00 to $270.00 in a research report on Tuesday, October 8th. Finally, Barclays lifted their price objective on American Express from $223.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, American Express presently has an average rating of "Hold" and an average price target of $242.33.

Get Our Latest Research Report on American Express

American Express Trading Up 1.5 %

American Express stock traded up $4.10 during midday trading on Thursday, reaching $285.78. The stock had a trading volume of 3,512,741 shares, compared to its average volume of 2,905,607. The stock has a market capitalization of $205.56 billion, a PE ratio of 23.54, 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. The stock's 50-day simple moving average is $260.49 and its 200 day simple moving average is $243.43. American Express has a twelve month low of $140.91 and a twelve month high of $286.36.

American Express (NYSE:AXP - Get Free Report) last issued its earnings results on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.23. American Express had a return on equity of 32.94% and a net margin of 15.53%. The business had revenue of $16.33 billion during the quarter, compared to analysts' expectations of $16.60 billion. During the same quarter in the previous year, the business earned $2.89 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. Analysts expect that American Express will post 13.14 EPS for the current year.

American Express Announces Dividend

The business 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Friday, October 4th. American Express's dividend payout ratio is presently 23.06%.

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.

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