American Express (NYSE:AXP) Shares Sold by Warther Private Wealth LLC

Warther Private Wealth LLC lessened its holdings in American Express (NYSE:AXP) by 16.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,727 shares of the payment services company’s stock after selling 4,710 shares during the quarter. American Express comprises approximately 2.3% of Warther Private Wealth LLC’s investment portfolio, making the stock its 18th largest holding. Warther Private Wealth LLC’s holdings in American Express were worth $6,706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Atlas Capital Advisors LLC grew its holdings in American Express by 22.2% during the first quarter. Atlas Capital Advisors LLC now owns 286 shares of the payment services company’s stock worth $65,000 after acquiring an additional 52 shares during the period. Sunbelt Securities Inc. grew its stake in shares of American Express by 37.2% during the 1st quarter. Sunbelt Securities Inc. now owns 1,943 shares of the payment services company’s stock worth $442,000 after purchasing an additional 527 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in shares of American Express by 6.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,550 shares of the payment services company’s stock valued at $1,036,000 after purchasing an additional 266 shares in the last quarter. Thrive Wealth Management LLC lifted its stake in shares of American Express by 18.3% in the 1st quarter. Thrive Wealth Management LLC now owns 1,802 shares of the payment services company’s stock valued at $410,000 after purchasing an additional 279 shares during the period. Finally, Register Financial Advisors LLC purchased a new stake in American Express during the first quarter worth $119,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AXP. Hsbc Global Res cut shares of American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. HSBC lowered American Express from a “buy” rating to a “hold” rating and lifted their price target for the company from $265.00 to $270.00 in a research note on Tuesday, October 8th. TD Cowen raised their price objective on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday. Wells Fargo & Company upped their target price on American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Royal Bank of Canada boosted their price target on shares of American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $253.09.

American Express Stock Up 0.4 %

Shares of AXP opened at $271.15 on Friday. The stock has a fifty day simple moving average of $263.16 and a two-hundred day simple moving average of $244.92. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $195.04 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. American Express has a 52-week low of $141.02 and a 52-week high of $286.36.

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

American Express Dividend Announcement

The firm 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 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 yield of 1.03%. American Express’s dividend payout ratio (DPR) is 23.06%.

Insider Buying and Selling at American Express

In other news, insider Anre D. Williams sold 77,887 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

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.