4,753 Shares in American Express (NYSE:AXP) Acquired by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC purchased a new stake in American Express (NYSE:AXP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,753 shares of the payment services company’s stock, valued at approximately $1,101,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Scarborough Advisors LLC acquired a new stake in American Express during the 4th quarter worth $25,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of American Express during the fourth quarter worth about $29,000. Game Plan Financial Advisors LLC lifted its holdings in shares of American Express by 62.5% in the 1st 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 during the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of American Express in the 4th quarter valued at about $32,000. Finally, Transcendent Capital Group LLC purchased a new position in American Express during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AXP. Wells Fargo & Company increased their price objective on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Monday. William Blair reissued an “outperform” rating on shares of American Express in a research report on Monday, June 3rd. Keefe, Bruyette & Woods lifted 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. Citigroup initiated coverage on American Express in a report on Monday, June 10th. They set a “neutral” rating and a $250.00 price target on the stock. Finally, Bank of America upped their price objective on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $231.43.

American Express Stock Up 0.0 %

Shares of NYSE AXP opened at $271.17 on Tuesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66. The firm’s 50-day moving average is $251.70 and its two-hundred day moving average is $239.19. American Express has a 12-month low of $140.91 and a 12-month high of $272.68. The company has a market capitalization of $195.05 billion, a PE ratio of 22.34, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.23. The business 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 was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.89 earnings per share. Equities analysts anticipate that American Express will post 13.13 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced 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 is Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 1.03%. American Express’s 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.