Clean Yield Group Has $850,000 Holdings in American Express (NYSE:AXP)

Clean Yield Group lifted its position in shares of American Express (NYSE:AXP) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,135 shares of the payment services company’s stock after acquiring an additional 45 shares during the quarter. Clean Yield Group’s holdings in American Express were worth $850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sawgrass Asset Management LLC increased its holdings in American Express by 0.4% during the 2nd 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 during the period. Davis Investment Partners LLC increased its holdings in shares of American Express by 0.5% in the third quarter. Davis Investment Partners LLC now owns 8,011 shares of the payment services company’s stock worth $2,170,000 after purchasing an additional 42 shares during the period. Ignite Planners LLC increased its holdings in shares of American Express by 0.9% in the second 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 during the period. Willner & Heller LLC raised its position in shares of American Express by 4.1% in the second quarter. Willner & Heller LLC now owns 1,087 shares of the payment services company’s stock worth $252,000 after buying an additional 43 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its stake in American Express by 18.9% during 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 during the period. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America upped their price objective 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. Wells Fargo & Company lifted their target price on shares of American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Royal Bank of Canada increased 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, Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $238.83.

American Express Trading Down 2.2 %

AXP stock traded down $6.02 during trading on Tuesday, reaching $267.77. The company had a trading volume of 244,351 shares, compared to its average volume of 2,915,517. 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 52 week low of $140.91 and a 52 week high of $276.79. The business has a 50 day moving average of $253.91 and a 200 day moving average of $240.57. The company has a market cap of $192.61 billion, a P/E ratio of 22.56, a PEG ratio of 1.48 and a beta of 1.21.

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

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, October 4th. American Express’s dividend payout ratio is presently 23.06%.

About American Express

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.