Private Wealth Partners LLC Has $3.06 Million Stock Holdings in American Express (NYSE:AXP)

Private Wealth Partners LLC lifted its stake in American Express (NYSE:AXP) by 0.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,283 shares of the payment services company’s stock after purchasing an additional 70 shares during the quarter. Private Wealth Partners LLC’s holdings in American Express were worth $3,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AXP. Optas LLC lifted its position in shares of American Express by 40.1% in the 3rd quarter. Optas LLC now owns 1,478 shares of the payment services company’s stock valued at $401,000 after acquiring an additional 423 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of American Express by 7.6% in the third quarter. Princeton Global Asset Management LLC now owns 2,550 shares of the payment services company’s stock valued at $692,000 after purchasing an additional 181 shares in the last quarter. Fullcircle Wealth LLC boosted its position in shares of American Express by 4.0% in the third quarter. Fullcircle Wealth LLC now owns 4,562 shares of the payment services company’s stock worth $1,238,000 after buying an additional 176 shares during the period. Vigilare Wealth Management acquired a new position in American Express during the third quarter valued at $365,000. Finally, Chicago Partners Investment Group LLC lifted its stake in American Express by 3.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,579 shares of the payment services company’s stock worth $1,242,000 after acquiring an additional 155 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped 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. JPMorgan Chase & Co. downgraded shares of American Express from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $268.00 to $286.00 in a research report on Monday, October 7th. 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. HSBC cut shares of American Express from a “buy” rating to a “hold” rating and upped their price objective for the stock from $265.00 to $270.00 in a report on Tuesday, October 8th. Finally, Evercore ISI boosted their price target on American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a research report on Monday, October 7th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $253.09.

Insider Buying and Selling at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’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 transaction, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred 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 sale, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

American Express Price Performance

AXP opened at $272.69 on Friday. American Express has a 12 month low of $148.33 and a 12 month high of $286.36. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The stock has a market cap of $192.10 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.49 and a beta of 1.21. The company has a fifty day simple moving average of $266.02 and a 200 day simple moving average of $247.45.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.22. The company had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 earnings per share. On average, research analysts expect that American Express will post 13.41 EPS for the current year.

American Express Dividend Announcement

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 given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, October 4th. American Express’s dividend payout ratio is currently 20.60%.

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.