M3 Advisory Group LLC Has $224,000 Holdings in American Express Company $AXP

M3 Advisory Group LLC lessened its holdings in shares of American Express Company (NYSE:AXP) by 10.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 701 shares of the payment services company’s stock after selling 83 shares during the period. M3 Advisory Group LLC’s holdings in American Express were worth $224,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Capital Asset Advisory Services LLC boosted its stake in American Express by 2.8% in the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after acquiring an additional 32 shares during the last quarter. DLK Investment Management LLC raised its position in shares of American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after purchasing an additional 32 shares during the period. Financial Engines Advisors L.L.C. raised its position in shares of American Express by 4.7% in the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after purchasing an additional 35 shares during the period. Modern Wealth Management LLC raised its position in shares of American Express by 0.7% in the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after purchasing an additional 35 shares during the period. Finally, Greenfield Savings Bank raised its position in shares of American Express by 0.3% in the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock valued at $4,184,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on AXP shares. Barclays boosted their price target on shares of American Express from $297.00 to $336.00 and gave the company a “cautious” rating in a research report on Monday, October 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a research report on Monday, July 14th. UBS Group boosted their price target on shares of American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Citigroup reissued a “neutral” rating and issued a $327.00 price target (up previously from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $323.60.

Insider Transactions at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total value of $7,671,326.85. Following the transaction, the insider owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This represents a 15.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Glenda G. Mcneal sold 50,000 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the completion of the transaction, the insider directly owned 10,957 shares in the company, valued at $3,391,191.50. The trade was a 82.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,996 shares of company stock worth $85,261,270. Company insiders own 0.20% of the company’s stock.

American Express Stock Performance

American Express stock opened at $316.27 on Monday. The firm’s 50 day simple moving average is $322.16 and its 200 day simple moving average is $300.36. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $220.09 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. American Express Company has a 1-year low of $220.43 and a 1-year high of $349.19.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $3.86 by $0.22. The firm had revenue of $17.86 billion for the quarter, compared to analyst estimates of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.49 EPS. As a group, analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. American Express’s dividend payout ratio is presently 23.02%.

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.