TKG Advisors LLC Has $4.85 Million Stake in American Express (NYSE:AXP)

TKG Advisors LLC increased its position in shares of American Express (NYSE:AXP) by 114.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,897 shares of the payment services company’s stock after acquiring an additional 9,560 shares during the period. American Express comprises about 2.4% of TKG Advisors LLC’s portfolio, making the stock its 11th biggest position. TKG Advisors LLC’s holdings in American Express were worth $4,854,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AXP. Alphinity Investment Management Pty Ltd bought a new position in American Express during the 1st quarter worth $433,709,000. International Assets Investment Management LLC raised its position in shares of American Express by 26,783.5% during the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after acquiring an additional 906,353 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of American Express by 924.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock worth $197,149,000 after acquiring an additional 768,301 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in American Express by 59,816.0% in the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after acquiring an additional 681,304 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in 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 valued at $1,923,399,000 after purchasing an additional 662,382 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Down 0.5 %

Shares of NYSE:AXP traded down $1.23 during trading on Monday, reaching $271.46. 139,155 shares of the stock traded hands, compared to its average volume of 2,903,034. American Express has a 52-week low of $151.51 and a 52-week high of $286.36. The stock has a market cap of $191.23 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21. The stock has a 50-day moving average of $266.02 and a two-hundred day moving average of $247.66. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63.

American Express (NYSE:AXP) last posted its quarterly 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 firm had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.30 earnings per share. As a group, sell-side analysts expect that American Express will post 13.41 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders 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 1.03%. American Express’s payout ratio is 20.60%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of analyst reports. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Jefferies Financial Group lifted their price objective on American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. Morgan Stanley lifted their target price on American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company 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 firm’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 transaction, the insider now owns 109,691 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this link. In other American Express news, 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 transaction, the insider now directly 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 document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the sale, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. The trade was 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 Company 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.