American Express (NYSE:AXP) Shares Purchased by Regal Investment Advisors LLC

Regal Investment Advisors LLC raised its stake in shares of American Express (NYSE:AXP) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,641 shares of the payment services company’s stock after acquiring an additional 117 shares during the quarter. Regal Investment Advisors LLC’s holdings in American Express were worth $380,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. J. W. Coons Advisors LLC lifted its holdings in American Express by 4.4% during the 4th quarter. J. W. Coons Advisors LLC now owns 4,142 shares of the payment services company’s stock worth $776,000 after buying an additional 175 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of American Express by 18.8% during the 4th quarter. Eagle Asset Management Inc. now owns 3,431 shares of the payment services company’s stock valued at $643,000 after acquiring an additional 542 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in American Express by 2.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 476,556 shares of the payment services company’s stock worth $89,278,000 after purchasing an additional 12,635 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in American Express by 4.8% in the fourth quarter. CWA Asset Management Group LLC now owns 3,404 shares of the payment services company’s stock worth $638,000 after purchasing an additional 156 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in shares of American Express during the fourth quarter worth $504,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Citigroup began coverage on shares of American Express in a report on Monday, June 10th. They issued a “neutral” rating and a $250.00 price target for the company. BTIG Research began coverage on American Express in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Monness Crespi & Hardt increased their price target on American Express from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Bank of America boosted their price objective on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, Barclays upped their price objective on American Express from $221.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $231.43.

American Express Price Performance

Shares of American Express stock opened at $268.53 on Wednesday. American Express has a 52 week low of $140.91 and a 52 week high of $272.68. 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 stock has a market cap of $193.15 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. The company’s 50-day moving average price is $252.14 and its two-hundred day moving average price is $239.55.

American Express (NYSE:AXP) last released its earnings results on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.26 by $0.23. The business had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.60 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. The business’s quarterly 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. As a group, sell-side analysts anticipate that American Express will post 13.13 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, October 4th. American Express’s payout ratio is 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.