American Express (NYSE:AXP) Shares Sold by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC decreased its position in American Express (NYSE:AXP) by 14.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,330 shares of the payment services company’s stock after selling 227 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in American Express were worth $361,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. grew its position in shares of American Express by 42.2% during the second 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 during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of American Express during the third quarter valued at about $46,000. POM Investment Strategies LLC acquired a new stake in American Express in the second quarter worth about $42,000. Founders Capital Management bought a new position in American Express in the 2nd quarter valued at about $46,000. Finally, Sachetta LLC increased its stake in American Express by 34.0% during the 2nd quarter. Sachetta LLC now owns 205 shares of the payment services company’s stock valued at $52,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

AXP opened at $286.82 on Friday. The stock has a 50-day moving average of $267.52 and a 200-day moving average of $248.67. 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 has a 52-week low of $152.05 and a 52-week high of $296.83. The company has a market cap of $202.05 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The firm had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same quarter last year, the firm posted $3.30 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 0.98%. American Express’s dividend payout ratio is 20.60%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barclays increased 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. Evercore ISI increased their price target on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research note on Monday, October 7th. Monness Crespi & Hardt boosted their price objective on American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. TD Cowen lifted their target price on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Finally, Bank of America boosted their price target on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $253.09.

Insider Transactions at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the sale, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

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.