American Express (NYSE:AXP) Shares Bought by FCF Advisors LLC

FCF Advisors LLC boosted its position in shares of American Express (NYSE:AXP) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,481 shares of the payment services company’s stock after acquiring an additional 772 shares during the quarter. American Express accounts for approximately 1.9% of FCF Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. FCF Advisors LLC’s holdings in American Express were worth $7,995,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC raised 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 period. Scarborough Advisors LLC bought a new position in American Express during the fourth quarter worth about $25,000. DHJJ Financial Advisors Ltd. grew its holdings in American Express by 42.2% during the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after purchasing an additional 49 shares during the period. Riverview Trust Co bought a new position in American Express during the first quarter worth about $38,000. Finally, Creekmur Asset Management LLC bought a new position in American Express during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of research analyst reports. Bank of America lifted their price target on American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. BTIG Research cut American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target for the company. in a report on Tuesday. Keefe, Bruyette & Woods lifted their price target on American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Royal Bank of Canada boosted their price objective on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, Citigroup began coverage on American Express in a report on Monday, June 10th. They set a “neutral” rating and a $250.00 price objective for the company. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $238.83.

American Express Price Performance

Shares of NYSE:AXP traded down $4.43 during trading on Tuesday, hitting $269.36. 1,060,155 shares of the company were exchanged, compared to its average volume of 2,919,722. The business’s 50 day moving average is $254.43 and its 200-day moving average is $240.88. The company has a market capitalization of $193.75 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a 1-year low of $140.91 and a 1-year high of $276.79.

American Express (NYSE:AXP) last announced its quarterly earnings results 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 company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.60 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.89 earnings per share. Equities analysts forecast that American Express will post 13.13 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders 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 annualized dividend and a dividend yield of 1.04%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

About American Express

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.