Mascoma Wealth Management LLC Has $179,000 Stock Holdings in American Express (NYSE:AXP)

Mascoma Wealth Management LLC lessened its holdings in American Express (NYSE:AXP) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 660 shares of the payment services company’s stock after selling 40 shares during the quarter. Mascoma Wealth Management LLC’s holdings in American Express were worth $179,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in American Express by 26,783.5% during the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after purchasing an additional 906,353 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of American Express by 924.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock valued at $197,149,000 after acquiring an additional 768,301 shares in the last quarter. Pathway Financial Advisers LLC increased its position in shares of American Express by 59,816.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after purchasing an additional 681,304 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in American Express by 8.5% in 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 acquiring an additional 662,382 shares during the last quarter. Finally, M&G Plc acquired a new stake in American Express in the 1st quarter valued at about $114,990,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Express

In other news, insider Anre D. Williams sold 77,887 shares of the business’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 sale, the insider now directly owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction dated 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 transaction, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

American Express Stock Performance

American Express stock opened at $293.05 on Tuesday. The company has a 50 day moving average price of $269.33 and a 200-day moving average price of $249.86. The company has a market capitalization of $206.44 billion, a PE ratio of 21.56, a P/E/G ratio of 1.56 and a beta of 1.21. American Express has a fifty-two week low of $153.50 and a fifty-two week high of $296.83. 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 announced its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. The company had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.30 EPS. As a group, equities analysts forecast that American Express will post 13.4 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, October 4th. American Express’s dividend payout ratio is currently 20.60%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays upped their target price on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. BTIG Research cut American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price for the company. in a report on Tuesday, October 8th. Hsbc Global Res downgraded American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised their price target on shares of American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, Compass Point began coverage on American Express in a research report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $253.09.

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.