Cypress Wealth Services LLC Purchases 151 Shares of American Express (NYSE:AXP)

Cypress Wealth Services LLC boosted its stake in shares of American Express (NYSE:AXP) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,342 shares of the payment services company’s stock after acquiring an additional 151 shares during the quarter. Cypress Wealth Services LLC’s holdings in American Express were worth $1,449,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Game Plan Financial Advisors LLC grew its stake in shares of American Express by 62.5% during the first quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock valued at $30,000 after buying an additional 50 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of American Express in the fourth quarter valued at approximately $25,000. DHJJ Financial Advisors Ltd. boosted 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 during the period. Riverview Trust Co purchased a new stake in shares of American Express in the first quarter valued at approximately $38,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of American Express in the fourth quarter valued at approximately $32,000. 84.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI boosted their price target on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a report on Monday. Barclays increased their target price on American Express from $223.00 to $250.00 and gave the company an “equal weight” rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their target price on American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. BTIG Research cut American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price on the stock. in a research report on Tuesday. Finally, HSBC cut American Express from a “buy” rating to a “hold” rating and increased their target price for the company from $265.00 to $270.00 in a research report on Tuesday. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $239.96.

American Express Stock Up 0.3 %

Shares of American Express stock traded up $0.91 during trading hours on Thursday, reaching $272.33. 150,410 shares of the company were exchanged, compared to its average volume of 2,912,939. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66. The stock’s fifty day moving average is $255.13 and its 200 day moving average is $241.40. The firm has a market cap of $195.89 billion, a PE ratio of 22.36, a PEG ratio of 1.48 and a beta of 1.21. American Express has a 1 year low of $140.91 and a 1 year high of $276.79.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.23. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.60 billion. During the same quarter in the prior year, the firm posted $2.89 earnings per share. American Express’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities research analysts forecast that American Express will post 13.13 earnings per share for the current 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 issued 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 1.03%. American Express’s dividend payout ratio is currently 23.06%.

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.