Highview Capital Management LLC DE Purchases 257 Shares of American Express (NYSE:AXP)

Highview Capital Management LLC DE increased its position in American Express (NYSE:AXP) by 4.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,534 shares of the payment services company’s stock after purchasing an additional 257 shares during the period. Highview Capital Management LLC DE’s holdings in American Express were worth $1,501,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AXP. Price T Rowe Associates Inc. MD increased its stake in shares of American Express by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock valued at $1,923,399,000 after purchasing an additional 662,382 shares in the last quarter. TD Asset Management Inc grew its stake in shares of American Express by 8.2% in the first quarter. TD Asset Management Inc now owns 2,595,370 shares of the payment services company’s stock worth $590,940,000 after acquiring an additional 195,876 shares during the last quarter. Boston Partners grew its stake in shares of American Express by 22.2% in the first quarter. Boston Partners now owns 2,129,175 shares of the payment services company’s stock worth $485,525,000 after acquiring an additional 387,166 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new position in shares of American Express during the first quarter valued at $433,709,000. Finally, Nordea Investment Management AB raised its position in shares of American Express by 14.2% in the 1st quarter. Nordea Investment Management AB now owns 1,798,742 shares of the payment services company’s stock worth $408,494,000 after purchasing an additional 224,079 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In other news, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the sale, the insider now directly owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AXP shares. 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 report on Tuesday, July 9th. HSBC downgraded American Express from a “buy” rating to a “hold” rating and upped their price target for the company from $265.00 to $270.00 in a report on Tuesday, October 8th. Royal Bank of Canada lifted their price objective on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. The Goldman Sachs Group raised their price target on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Barclays boosted their price objective on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $253.09.

American Express Trading Down 0.4 %

AXP stock opened at $270.51 on Wednesday. The company has a market capitalization of $190.56 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.50 and a beta of 1.21. The business has a 50 day simple moving average of $264.58 and a two-hundred day simple moving average of $246.51. 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 1-year low of $141.73 and a 1-year high of $286.36.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. American Express had a net margin of 15.53% and a return on equity of 32.94%. The firm had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. During the same period last year, the firm posted $3.30 earnings per share. American Express’s revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts anticipate that American Express will post 13.14 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be given a $0.70 dividend. The ex-dividend date is Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 1.04%. American Express’s dividend payout ratio is currently 20.60%.

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.