Founders Capital Management Has $68,000 Stake in American Express (NYSE:AXP)

Founders Capital Management boosted its stake in shares of American Express (NYSE:AXP) by 25.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250 shares of the payment services company’s stock after acquiring an additional 50 shares during the quarter. Founders Capital Management’s holdings in American Express were worth $68,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Scarborough Advisors LLC acquired a new stake in shares of American Express during the 4th quarter worth about $25,000. Game Plan Financial Advisors LLC grew its stake in 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 worth $30,000 after buying an additional 50 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of American Express during the fourth quarter worth approximately $32,000. Transcendent Capital Group LLC bought a new position in shares of American Express in the fourth quarter valued at approximately $37,000. Finally, Riverview Trust Co acquired a new position in shares of American Express in the 1st quarter worth approximately $38,000. 84.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AXP shares. Barclays lifted their price objective on American Express from $221.00 to $223.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 9th. Citigroup initiated coverage on shares of American Express in a research report on Monday, June 10th. They set a “neutral” rating and a $250.00 price target on the stock. Royal Bank of Canada raised their price objective on shares of American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Compass Point began coverage on shares of American Express in a research report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 target price on the stock. Finally, Bank of America raised their price target on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, American Express currently has an average rating of “Hold” and a consensus target price of $237.87.

American Express Trading Down 0.8 %

NYSE:AXP traded down $2.18 on Monday, reaching $273.79. The company’s stock had a trading volume of 3,267,062 shares, compared to its average volume of 2,929,252. American Express has a 1-year low of $140.91 and a 1-year high of $276.79. The business’s 50-day moving average price is $253.91 and its two-hundred day moving average price is $240.57. The firm has a market cap of $196.94 billion, a PE ratio of 22.51, a PEG ratio of 1.48 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66.

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 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%. American Express’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.89 EPS. Equities research analysts anticipate that American Express will post 13.13 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.02%. 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.