American Express (NYSE:AXP) Position Trimmed by Founders Financial Alliance LLC

Founders Financial Alliance LLC decreased its holdings in shares of American Express (NYSE:AXP) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,501 shares of the payment services company’s stock after selling 93 shares during the period. Founders Financial Alliance LLC’s holdings in American Express were worth $579,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AXP. Scarborough Advisors LLC bought a new stake in American Express during the fourth quarter valued at $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of American Express during the fourth quarter valued at $29,000. Game Plan Financial Advisors LLC boosted its holdings 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 acquiring an additional 50 shares during the period. Creekmur Asset Management LLC acquired a new position in shares of American Express during the fourth quarter valued at $32,000. Finally, Transcendent Capital Group LLC acquired a new position in shares of American Express during the fourth quarter valued at $37,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of several analyst reports. Compass Point initiated coverage on shares of American Express in a report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 price target for the company. Barclays upped their price objective on shares of American Express from $221.00 to $223.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 9th. 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 report on Tuesday, September 17th. Citigroup started coverage on shares of American Express in a report on Monday, June 10th. They issued a “neutral” rating and a $250.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, American Express currently has a consensus rating of “Hold” and an average price target of $231.43.

American Express Price Performance

NYSE AXP opened at $271.17 on Tuesday. The stock’s 50-day moving average price is $251.70 and its two-hundred day moving average price is $239.19. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. The company has a market cap of $195.05 billion, a PE ratio of 22.34, 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 $272.68.

American Express (NYSE:AXP) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.89 EPS. On average, analysts predict that American Express will post 13.13 EPS for the current year.

American Express Announces Dividend

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 issued 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 dividend yield of 1.03%. American Express’s dividend payout ratio is 23.06%.

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.