Indiana Trust & Investment Management Co Has $771,000 Stake in American Express (NYSE:AXP)

Indiana Trust & Investment Management Co lowered its holdings in American Express (NYSE:AXP) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,842 shares of the payment services company’s stock after selling 40 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in American Express were worth $771,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Game Plan Financial Advisors LLC boosted its stake in shares of American Express by 62.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of American Express in the 4th quarter worth about $25,000. DHJJ Financial Advisors Ltd. boosted its holdings 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 worth $38,000 after buying an additional 49 shares during the last quarter. Riverview Trust Co bought a new position in American Express during the first quarter valued at about $38,000. Finally, Creekmur Asset Management LLC purchased a new position in American Express in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AXP. The Goldman Sachs Group increased their price objective on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. Keefe, Bruyette & Woods raised their price objective on shares of American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $268.00 to $286.00 in a report on Monday, October 7th. Morgan Stanley boosted their price objective on American Express from $226.00 to $248.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Jefferies Financial Group raised their target price on American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $242.33.

American Express Stock Up 0.9 %

Shares of AXP stock traded up $2.42 during trading hours on Wednesday, reaching $279.73. 881,068 shares of the company’s stock were exchanged, compared to its average volume of 2,895,530. The stock has a market cap of $201.21 billion, a PE ratio of 22.84, a PEG ratio of 1.50 and a beta of 1.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. The stock’s fifty day moving average price is $258.39 and its two-hundred day moving average price is $242.87. American Express has a 1 year low of $140.91 and a 1 year high of $281.42.

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

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be issued a $0.70 dividend. The ex-dividend date is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a yield of 1.00%. American Express’s payout ratio is currently 23.06%.

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.