American Express (NYSE:AXP) Shares Acquired by Accent Capital Management LLC

Accent Capital Management LLC boosted its position in American Express (NYSE:AXP) by 247.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,694 shares of the payment services company’s stock after buying an additional 6,194 shares during the quarter. American Express accounts for approximately 1.4% of Accent Capital Management LLC’s holdings, making the stock its 13th biggest holding. Accent Capital Management LLC’s holdings in American Express were worth $2,358,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AXP. Kennebec Savings Bank acquired a new stake in American Express in the third quarter valued at $29,000. DHJJ Financial Advisors Ltd. raised its stake in shares of American Express by 42.2% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock valued at $38,000 after purchasing an additional 49 shares in the last quarter. POM Investment Strategies LLC bought a new position in shares of American Express during the second quarter worth about $42,000. Founders Capital Management acquired a new position in American Express in the second quarter worth about $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in American Express during the third quarter valued at approximately $46,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Down 0.5 %

Shares of AXP stock opened at $286.87 on Friday. American Express has a 1 year low of $157.97 and a 1 year high of $296.83. 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 business’s fifty day moving average is $272.31 and its 200-day moving average is $251.20. The stock has a market cap of $202.09 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21.

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

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors 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 0.98%. The ex-dividend date of this dividend was Friday, October 4th. American Express’s dividend payout ratio is presently 20.60%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Bank of America lifted their target price on American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Monness Crespi & Hardt boosted their target price on shares of American Express from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 14th. TD Cowen raised their price target 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. HSBC downgraded shares of American Express from a “buy” rating to a “hold” rating and boosted their price objective for the company from $265.00 to $270.00 in a research report on Tuesday, October 8th. Finally, Barclays raised their target price on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $253.09.

Insider Activity at American Express

In other American Express news, 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 transaction of $21,049,740.62. Following the sale, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. The trade was a 41.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

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.