American Express (NYSE:AXP) is Eads & Heald Wealth Management’s 9th Largest Position

Eads & Heald Wealth Management trimmed its position in shares of American Express (NYSE:AXP) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,559 shares of the payment services company’s stock after selling 857 shares during the period. American Express makes up approximately 1.5% of Eads & Heald Wealth Management’s holdings, making the stock its 9th biggest holding. Eads & Heald Wealth Management’s holdings in American Express were worth $3,135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AXP. DHJJ Financial Advisors Ltd. increased its stake 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 last quarter. BNP Paribas purchased a new position in shares of American Express in the 1st quarter worth approximately $40,000. POM Investment Strategies LLC bought a new position in shares of American Express during the 2nd quarter valued at approximately $42,000. Founders Capital Management purchased a new stake in American Express during the 2nd quarter valued at $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in American Express in the third quarter worth $46,000. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Up 1.0 %

Shares of NYSE AXP opened at $272.69 on Friday. American Express has a 12-month low of $148.33 and a 12-month high of $286.36. The stock’s fifty day simple moving average is $266.02 and its two-hundred day simple moving average is $247.24. The stock has a market capitalization of $192.10 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.21. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last issued its quarterly earnings data 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 company had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.30 earnings per share. As a group, analysts expect that American Express will post 13.41 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, October 4th. American Express’s payout ratio is currently 20.60%.

Insider Buying and Selling

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the sale, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other American Express 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 value of $3,552,818.78. Following the completion of the sale, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anre D. Williams sold 77,887 shares of the business’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 owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on AXP. Evercore ISI boosted their price objective on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research report on Monday, October 7th. BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a research report on Tuesday, October 8th. Morgan Stanley raised 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 note on Monday, October 21st. Compass Point began coverage on American Express in a research note on Tuesday, July 16th. They set a “neutral” rating and a $260.00 target price on the stock. Finally, TD Cowen raised their price target on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $253.09.

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.