Foundations Investment Advisors LLC Acquires 2,925 Shares of American Express Company $AXP

Foundations Investment Advisors LLC grew its holdings in shares of American Express Company (NYSE:AXP) by 15.7% during the third quarter, Holdings Channel reports. The firm owned 21,544 shares of the payment services company’s stock after purchasing an additional 2,925 shares during the period. Foundations Investment Advisors LLC’s holdings in American Express were worth $7,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its position in shares of American Express by 2.2% during the second quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock valued at $721,525,000 after buying an additional 49,593 shares during the last quarter. ZEGA Investments LLC bought a new position in American Express during the third quarter valued at about $1,080,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in American Express by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,598,743 shares of the payment services company’s stock valued at $531,038,000 after acquiring an additional 4,080 shares in the last quarter. Dempze Nancy E lifted its position in shares of American Express by 210.2% in the 2nd quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock worth $1,103,000 after acquiring an additional 2,344 shares during the period. Finally, Reliant Investment Management LLC grew its holdings in shares of American Express by 1.9% during the 2nd quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock worth $8,354,000 after purchasing an additional 480 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Up 0.3%

Shares of AXP stock opened at $358.09 on Friday. The company has a market capitalization of $246.67 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.50 and a beta of 1.15. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average price of $369.39 and a 200 day moving average price of $343.39.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 30th. The payment services company reported ($11.85) earnings per share for the quarter, missing the consensus estimate of $3.56 by ($15.41). American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. Research analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s payout ratio is currently 22.01%.

Analyst Upgrades and Downgrades

AXP has been the subject of several research reports. UBS Group set a $385.00 target price on American Express in a research report on Monday, January 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $420.00 price objective on shares of American Express in a report on Tuesday, January 6th. BTIG Research reissued a “sell” rating and issued a $328.00 target price on shares of American Express in a research note on Monday, January 12th. Barclays increased their price target on shares of American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Morgan Stanley set a $395.00 price objective on American Express in a report on Tuesday, January 20th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $353.95.

American Express Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co?brand partnerships with airlines, hotels and retailers.