Pathway Financial Advisers LLC Has $262,000 Stake in American Express (NYSE:AXP)

Pathway Financial Advisers LLC raised its holdings in American Express (NYSE:AXP) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,139 shares of the payment services company’s stock after buying an additional 139 shares during the period. Pathway Financial Advisers LLC’s holdings in American Express were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. Sawgrass Asset Management LLC raised its holdings in American Express by 0.4% during the second quarter. Sawgrass Asset Management LLC now owns 10,384 shares of the payment services company’s stock worth $2,404,000 after acquiring an additional 41 shares in the last quarter. Ignite Planners LLC raised its stake in shares of American Express by 0.9% during the 2nd quarter. Ignite Planners LLC now owns 4,682 shares of the payment services company’s stock worth $1,103,000 after purchasing an additional 43 shares in the last quarter. Willner & Heller LLC boosted its holdings in shares of American Express by 4.1% in the 2nd quarter. Willner & Heller LLC now owns 1,087 shares of the payment services company’s stock valued at $252,000 after buying an additional 43 shares during the last quarter. Beacon Capital Management LLC grew its stake in shares of American Express by 18.9% in the second quarter. Beacon Capital Management LLC now owns 271 shares of the payment services company’s stock valued at $63,000 after buying an additional 43 shares in the last quarter. Finally, Capital Wealth Planning LLC increased its holdings in American Express by 4.0% during the second quarter. Capital Wealth Planning LLC now owns 1,112 shares of the payment services company’s stock worth $257,000 after buying an additional 43 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

Shares of NYSE AXP opened at $271.17 on Tuesday. The business has a fifty day moving average price of $251.70 and a two-hundred day moving average price of $239.19. The stock has a market capitalization of $195.05 billion, a PE ratio of 22.34, a P/E/G ratio of 1.48 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $272.68.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.23. American Express had a return on equity of 32.94% and a net margin of 15.53%. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.60 billion. During the same quarter in the previous year, the firm earned $2.89 earnings per share. American Express’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts predict that American Express will post 13.13 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a yield of 1.03%. American Express’s dividend payout ratio (DPR) is 23.06%.

Analysts Set New Price Targets

A number of analysts have commented on AXP shares. Bank of America increased their price target on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods lifted their price target on American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Compass Point assumed coverage on American Express in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price objective on the stock. William Blair reaffirmed an “outperform” rating on shares of American Express in a research report on Monday, June 3rd. Finally, JPMorgan Chase & Co. boosted their target price on American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, American Express presently has an average rating of “Hold” and a consensus target price of $231.43.

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.