Creative Planning Acquires 7,328 Shares of American Express (NYSE:AXP)

Creative Planning increased its holdings in American Express (NYSE:AXP) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,031 shares of the payment services company’s stock after acquiring an additional 7,328 shares during the quarter. Creative Planning’s holdings in American Express were worth $43,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of AXP. Game Plan Financial Advisors LLC lifted 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 purchasing an additional 50 shares during the last quarter. Riverview Trust Co purchased a new position in American Express during the first quarter valued at $38,000. DHJJ Financial Advisors Ltd. boosted its holdings in American Express by 42.2% in the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after acquiring an additional 49 shares in the last quarter. BNP Paribas purchased a new stake in shares of American Express in the first quarter worth $40,000. Finally, POM Investment Strategies LLC bought a new position in shares of American Express during the second quarter valued at $42,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AXP has been the topic of several recent analyst reports. Royal Bank of Canada increased 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. The Goldman Sachs Group increased their price target on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. JPMorgan Chase & Co. downgraded shares of American Express from an “overweight” rating to a “neutral” rating and raised their price target for the company from $268.00 to $286.00 in a research report on Monday, October 7th. BTIG Research cut American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a research report on Tuesday, October 8th. Finally, Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $242.33.

American Express Trading Down 3.1 %

Shares of NYSE:AXP opened at $276.79 on Friday. American Express has a 12-month low of $140.91 and a 12-month high of $286.36. The company has a market cap of $199.10 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. The stock has a 50 day moving average of $261.27 and a 200 day moving average of $243.90. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. American Express had a net margin of 15.53% and a return on equity of 32.94%. The firm had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. During the same period in the prior year, the company posted $3.30 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts expect that American Express will post 13.14 EPS for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, October 4th. American Express’s dividend payout ratio (DPR) 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.