Arjuna Capital Sells 6,513 Shares of American Express (NYSE:AXP)

Arjuna Capital cut its stake in American Express (NYSE:AXP) by 27.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,879 shares of the payment services company’s stock after selling 6,513 shares during the period. American Express accounts for 1.2% of Arjuna Capital’s investment portfolio, making the stock its 25th largest holding. Arjuna Capital’s holdings in American Express were worth $4,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of American Express by 26,783.5% during the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after purchasing an additional 906,353 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of American Express by 924.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock worth $197,149,000 after purchasing an additional 768,301 shares during the period. Pathway Financial Advisers LLC raised its position in shares of American Express by 59,816.0% during the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after purchasing an additional 681,304 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of American Express by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock worth $1,923,399,000 after purchasing an additional 662,382 shares during the period. Finally, M&G Plc acquired a new position in shares of American Express during the first quarter worth approximately $114,990,000. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Down 0.0 %

NYSE AXP traded down $0.10 on Wednesday, reaching $288.41. 229,720 shares of the stock traded hands, compared to its average volume of 2,899,381. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The company has a fifty day moving average price of $270.01 and a 200-day moving average price of $250.23. The company has a market cap of $203.17 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.68 and a beta of 1.21. American Express has a 12 month low of $156.03 and a 12 month high of $296.83.

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

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, October 4th. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Insider Buying and Selling at American Express

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. In related 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 transaction of $21,049,740.62. Following the sale, the insider now directly owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s 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 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 disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on AXP shares. Wells Fargo & Company increased their price target on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Royal Bank of Canada increased their price target on American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and increased their price target for the company from $268.00 to $286.00 in a research report on Monday, October 7th. Finally, Morgan Stanley increased their price target on American Express from $248.00 to $252.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $253.09.

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.