American Express (NYSE:AXP) Stock Position Lifted by Tyler Stone Wealth Management

Tyler Stone Wealth Management lifted its stake in shares of American Express (NYSE:AXP) by 422.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 758 shares of the payment services company’s stock after purchasing an additional 613 shares during the quarter. Tyler Stone Wealth Management’s holdings in American Express were worth $206,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Bleakley Financial Group LLC boosted its holdings in shares of American Express by 4.2% in the first quarter. Bleakley Financial Group LLC now owns 12,887 shares of the payment services company’s stock valued at $2,934,000 after acquiring an additional 525 shares in the last quarter. Cozad Asset Management Inc. increased its position in shares of American Express by 31.3% during the 1st quarter. Cozad Asset Management Inc. now owns 2,571 shares of the payment services company’s stock valued at $585,000 after purchasing an additional 613 shares during the period. Edmond DE Rothschild Holding S.A. raised its stake in shares of American Express by 14.2% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,272 shares of the payment services company’s stock worth $517,000 after buying an additional 282 shares in the last quarter. Entropy Technologies LP lifted its holdings in shares of American Express by 143.0% in the first quarter. Entropy Technologies LP now owns 12,192 shares of the payment services company’s stock valued at $2,776,000 after buying an additional 7,174 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in American Express by 140.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 816,322 shares of the payment services company’s stock valued at $185,869,000 after buying an additional 476,543 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other news, 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 transaction of $3,552,818.78. Following the transaction, the insider now owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express 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 completion of the transaction, the insider now owns 109,691 shares in the company, valued at $29,724,067.18. The trade was a 0.00 % 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.

American Express Stock Up 1.9 %

AXP opened at $293.05 on Tuesday. The company has a market capitalization of $206.44 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. American Express has a fifty-two week low of $153.50 and a fifty-two week high of $296.83. The business has a 50-day moving average of $268.64 and a 200-day moving average of $249.46.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The firm had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. During the same period in the previous year, the company earned $3.30 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. Equities research analysts forecast that American Express will post 13.4 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, October 4th. American Express’s payout ratio is 20.60%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AXP. Compass Point assumed coverage on shares of American Express in a research report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price target on the stock. Bank of America increased their target price on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased their price objective on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, TD Cowen lifted their target price on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $253.09.

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.