Arkadios Wealth Advisors Increases Stock Holdings in American Express (NYSE:AXP)

Arkadios Wealth Advisors boosted its position in shares of American Express (NYSE:AXP) by 11.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,292 shares of the payment services company’s stock after purchasing an additional 732 shares during the period. Arkadios Wealth Advisors’ holdings in American Express were worth $1,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Alphinity Investment Management Pty Ltd purchased a new stake in shares of American Express during the 1st quarter valued at approximately $433,709,000. International Assets Investment Management LLC raised its position in American Express by 26,783.5% in the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after purchasing an additional 906,353 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of American Express by 924.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock valued at $197,149,000 after purchasing an additional 768,301 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of American Express by 8.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock worth $1,923,399,000 after purchasing an additional 662,382 shares during the period. Finally, M&G Plc acquired a new stake in shares of American Express during the 1st quarter worth about $114,990,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Down 1.0 %

American Express stock opened at $267.35 on Friday. The stock’s fifty day moving average is $263.88 and its two-hundred day moving average is $245.57. The stock has a market cap of $192.31 billion, a PE ratio of 22.02, a P/E/G ratio of 1.50 and a beta of 1.21. American Express has a 1-year low of $141.02 and a 1-year high of $286.36. 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 (NYSE:AXP) last issued its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.22. The business had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $3.30 EPS. On average, sell-side analysts expect that American Express will post 13.14 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, October 4th. American Express’s payout ratio is 23.06%.

Insider Buying and Selling

In other American Express news, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the transaction, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on AXP. Monness Crespi & Hardt upped their target price on shares of American Express from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 14th. The Goldman Sachs Group increased their price objective on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Bank of America boosted their target price on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods raised their price target on American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. Finally, Wells Fargo & Company boosted their price objective on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $253.09.

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.