American Express (NYSE:AXP) Stock Holdings Cut by Mathes Company Inc.

Mathes Company Inc. cut its stake in shares of American Express (NYSE:AXP) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,480 shares of the payment services company’s stock after selling 190 shares during the quarter. American Express accounts for 1.7% of Mathes Company Inc.’s portfolio, making the stock its 20th largest holding. Mathes Company Inc.’s holdings in American Express were worth $4,741,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. DHJJ Financial Advisors Ltd. boosted its stake in shares of American Express by 42.2% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after acquiring an additional 49 shares in the last quarter. BNP Paribas purchased a new stake in shares of American Express in the first quarter valued at $40,000. POM Investment Strategies LLC purchased a new stake in shares of American Express in the second quarter valued at $42,000. Founders Capital Management purchased a new stake in shares of American Express in the second quarter valued at $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of American Express in the third quarter valued at $46,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Up 1.0 %

Shares of AXP opened at $272.69 on Friday. The stock has a market cap of $192.10 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.49 and a beta of 1.21. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 12 month low of $148.33 and a 12 month high of $286.36. The company has a 50-day moving average price of $266.02 and a two-hundred day moving average price of $247.24.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The company had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. During the same quarter in the previous year, the company posted $3.30 earnings per share. American Express’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts predict that American Express will post 13.41 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed 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. This represents a $2.80 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, October 4th. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Insider Buying and Selling

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares in the company, valued at $29,724,067.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the sale, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $21,049,740.62. Following the sale, the insider now owns 111,656 shares of the company’s stock, valued at $30,176,150.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AXP has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, July 8th. TD Cowen increased their target price on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $268.00 to $286.00 in a report on Monday, October 7th. Finally, Monness Crespi & Hardt increased their price objective on American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 14th. 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. According to data from MarketBeat.com, American Express presently has an average 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.