American Express (NYSE:AXP) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd reduced its position in American Express (NYSE:AXP) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,360 shares of the payment services company’s stock after selling 326 shares during the period. Vinva Investment Management Ltd’s holdings in American Express were worth $3,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AXP. Prospera Private Wealth LLC acquired a new position in shares of American Express in the 3rd quarter valued at $27,000. Kennebec Savings Bank acquired a new position in shares of American Express in the 3rd quarter valued at $29,000. DHJJ Financial Advisors Ltd. raised its position in 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 acquiring an additional 49 shares during the period. POM Investment Strategies LLC acquired a new position in American Express during the second quarter worth $42,000. Finally, Founders Capital Management acquired a new position in American Express during the second quarter worth $46,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Hsbc Global Res cut shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Barclays upped their price objective on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Morgan Stanley upped their price objective on shares of American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research report 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, TD Cowen upped their price objective on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $253.09.

Insiders Place Their Bets

In other news, insider Anre D. Williams sold 77,887 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the sale, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This represents a 41.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. This represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

American Express Trading Down 0.4 %

Shares of AXP stock opened at $304.25 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $214.33 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21. The company has a 50-day moving average of $279.32 and a two-hundred day moving average of $254.96. American Express has a 1-year low of $163.61 and a 1-year high of $307.82.

American Express (NYSE:AXP) last announced its 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 company had revenue of $16.64 billion during 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%. American Express’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.30 earnings per share. On average, analysts predict that American Express will post 13.4 EPS 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 paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, October 4th. American Express’s dividend payout ratio (DPR) is presently 20.60%.

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.