Penn Davis Mcfarland Inc. Takes $2.94 Million Position in American Express (NYSE:AXP)

Border to Coast Pensions Partnership Ltd cut its position in shares of American Express (NYSE:AXP - Free Report) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 181,754 shares of the payment services company's stock after selling 16,099 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in American Express were worth $49,148,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of American Express during the 1st quarter worth $51,000. Global Assets Advisory LLC purchased a new stake in shares of American Express in the first quarter valued at $22,921,000. Harbor Investment Advisory LLC boosted its position in shares of American Express by 22.5% in the first quarter. Harbor Investment Advisory LLC now owns 5,249 shares of the payment services company's stock worth $1,195,000 after buying an additional 965 shares during the period. Strategic Planning Group LLC grew its holdings in shares of American Express by 11.1% during the first quarter. Strategic Planning Group LLC now owns 9,926 shares of the payment services company's stock valued at $2,260,000 after buying an additional 995 shares in the last quarter. Finally, Charles Schwab Trust Co raised its position in American Express by 4.5% during the first quarter. Charles Schwab Trust Co now owns 2,356 shares of the payment services company's stock valued at $536,000 after buying an additional 101 shares during the period. Institutional investors own 84.33% of the company's stock.

American Express Stock Performance

AXP traded down $6.05 during trading on Monday, reaching $270.74. 3,904,927 shares of the company's stock were exchanged, compared to its average volume of 2,935,138. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $286.36. The company has a market capitalization of $194.74 billion, a P/E ratio of 22.23, a PEG ratio of 1.50 and a beta of 1.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. The business has a 50 day moving average price of $261.27 and a 200 day moving average price of $244.02.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $3.27 by $0.22. The business had revenue of $16.64 billion for the quarter, compared to analysts' expectations of $16.68 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.30 earnings per share. As a group, analysts predict that American Express will post 13.14 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Wall Street Analyst Weigh In

AXP has been the subject of a number of research reports. Compass Point initiated coverage on American Express in a research report on Tuesday, July 16th. They set a "neutral" rating and a $260.00 price objective for the company. JPMorgan Chase & Co. lowered American Express from an "overweight" rating to a "neutral" rating and raised their target price for the company from $268.00 to $286.00 in a report on Monday, October 7th. Evercore ISI upped their price target on American Express from $275.00 to $290.00 and gave the stock an "in-line" rating in a research note on Monday, October 7th. Wells Fargo & Company raised their price objective on American Express from $285.00 to $300.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Finally, Hsbc Global Res cut American Express from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $244.58.

View Our Latest Stock Report on American Express

About American Express

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.

See Also

Before you consider American Express, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Express wasn't on the list.

While American Express currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.