682 Shares in American Express Company $AXP Bought by Single Point Partners LLC

Single Point Partners LLC bought a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 682 shares of the payment services company’s stock, valued at approximately $217,000.

Other large investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new stake in American Express in the first quarter valued at $29,000. Hughes Financial Services LLC acquired a new stake in American Express in the first quarter valued at $35,000. 1 North Wealth Services LLC acquired a new stake in American Express in the first quarter valued at $37,000. IAG Wealth Partners LLC acquired a new stake in American Express in the first quarter valued at $40,000. Finally, PFS Partners LLC lifted its stake in American Express by 104.0% in the first quarter. PFS Partners LLC now owns 153 shares of the payment services company’s stock valued at $41,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AXP shares. Citigroup reiterated a “neutral” rating and issued a $327.00 price target (up previously from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. William Blair reissued an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Morgan Stanley increased their price objective on shares of American Express from $311.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research report on Saturday, September 27th. Eight research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $319.95.

American Express Price Performance

NYSE:AXP opened at $330.10 on Friday. American Express Company has a 52 week low of $220.43 and a 52 week high of $349.19. The firm has a market cap of $229.71 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.75 and a beta of 1.29. The firm’s 50-day simple moving average is $320.01 and its 200 day simple moving average is $298.24. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61.

American Express (NYSE:AXP) last released 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. American Express had a net margin of 14.78% and a return on equity of 32.87%. The business had revenue of $17.86 billion for the quarter, compared to analyst estimates of $17.70 billion. During the same period last year, the firm earned $3.49 earnings per share. American Express’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio (DPR) is currently 23.02%.

Insider Activity

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the sale, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anna Marrs sold 5,500 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the sale, the insider owned 20,311 shares in the company, valued at $6,312,049.47. The trade was a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 269,996 shares of company stock valued at $85,261,270. Company insiders own 0.20% of the company’s stock.

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.