Stablepoint Partners LLC Has $1.90 Million Stock Holdings in American Express (NYSE:AXP)

Stablepoint Partners LLC raised its stake in American Express (NYSE:AXP) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,989 shares of the payment services company’s stock after buying an additional 55 shares during the quarter. Stablepoint Partners LLC’s holdings in American Express were worth $1,895,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Sapient Capital LLC increased its holdings in American Express by 101.8% during the 3rd quarter. Sapient Capital LLC now owns 4,678 shares of the payment services company’s stock worth $1,269,000 after purchasing an additional 2,360 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in American Express during the 3rd quarter worth approximately $247,000. Paladin Wealth LLC bought a new stake in shares of American Express in the third quarter worth $165,000. Smith Chas P & Associates PA Cpas grew its position in American Express by 8.0% in the third quarter. Smith Chas P & Associates PA Cpas now owns 944 shares of the payment services company’s stock valued at $256,000 after purchasing an additional 70 shares in the last quarter. Finally, Capricorn Fund Managers Ltd lifted its position in American Express by 9.3% during the 3rd quarter. Capricorn Fund Managers Ltd now owns 4,734 shares of the payment services company’s stock worth $1,284,000 after buying an additional 404 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AXP. 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. Jefferies Financial Group increased their price target on shares of American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. HSBC cut American Express from a “buy” rating to a “hold” rating and lifted their price target for the stock from $265.00 to $270.00 in a report on Tuesday, October 8th. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, BTIG Research lowered American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price on the stock. in a report on Tuesday, October 8th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $241.42.

American Express Trading Down 0.3 %

Shares of AXP traded down $0.77 during trading hours on Monday, hitting $275.39. 84,606 shares of the stock were exchanged, compared to its average volume of 2,902,253. The firm has a market capitalization of $198.09 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $277.11. The business has a 50-day moving average of $256.44 and a 200-day moving average of $242.17.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.23. The company had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.60 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.89 EPS. On average, research analysts expect that American Express will post 13.14 EPS for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, October 4th. American Express’s dividend payout ratio is presently 23.06%.

About American Express

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.