Bank of New Hampshire Has $2.46 Million Stake in American Express (NYSE:AXP)

Bank of New Hampshire raised its position in shares of American Express (NYSE:AXP) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,076 shares of the payment services company’s stock after buying an additional 524 shares during the period. Bank of New Hampshire’s holdings in American Express were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AXP. Game Plan Financial Advisors LLC increased its holdings in shares of American Express by 62.5% in the first quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock valued at $30,000 after purchasing an additional 50 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $25,000. DHJJ Financial Advisors Ltd. increased its holdings in shares of American Express by 42.2% in the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock valued at $38,000 after purchasing an additional 49 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of American Express in the first quarter valued at approximately $38,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Down 0.8 %

Shares of NYSE:AXP traded down $2.10 during midday trading on Monday, reaching $273.87. 3,286,634 shares of the company were exchanged, compared to its average volume of 2,929,347. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $276.79. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. The stock has a fifty day simple moving average of $253.91 and a two-hundred day simple moving average of $240.57. The firm has a market cap of $197.00 billion, a PE ratio of 22.56, a P/E/G ratio of 1.48 and a beta of 1.21.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.23. American Express had a net margin of 15.53% and a return on equity of 32.94%. The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.60 billion. During the same period last year, the business posted $2.89 earnings per share. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that American Express will post 13.13 earnings per share for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders 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 annualized dividend and a yield of 1.02%. American Express’s payout ratio is currently 23.06%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Keefe, Bruyette & Woods raised their price objective on shares of American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Monness Crespi & Hardt raised their price objective on shares of American Express from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Evercore ISI raised their price objective on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research note on Monday. Finally, Jefferies Financial Group raised their price objective on shares of American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $237.87.

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.