Fullcircle Wealth LLC Boosts Stake in American Express (NYSE:AXP)

Fullcircle Wealth LLC increased its holdings in shares of American Express (NYSE:AXP) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,562 shares of the payment services company’s stock after purchasing an additional 176 shares during the period. Fullcircle Wealth LLC’s holdings in American Express were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AXP. Norden Group LLC purchased a new position in shares of American Express during the first quarter worth $375,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of American Express by 10.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 168,981 shares of the payment services company’s stock worth $38,475,000 after purchasing an additional 15,561 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of American Express by 7.5% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 14,808 shares of the payment services company’s stock worth $3,372,000 after purchasing an additional 1,030 shares during the last quarter. BNP Paribas acquired a new stake in American Express during the first quarter valued at $40,000. Finally, Nordea Investment Management AB grew its position in American Express by 14.2% during the first quarter. Nordea Investment Management AB now owns 1,798,742 shares of the payment services company’s stock valued at $408,494,000 after buying an additional 224,079 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 1.0 %

AXP stock traded up $2.61 during trading on Friday, reaching $272.69. 2,508,471 shares of the stock were exchanged, compared to its average volume of 2,916,070. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The business has a 50 day moving average price of $266.02 and a 200-day moving average price of $247.24. American Express has a 1 year low of $148.33 and a 1 year high of $286.36. The firm has a market capitalization of $192.10 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.49 and a beta of 1.21.

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. American Express had a net margin of 15.32% and a return on equity of 32.46%. The company had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same period in the previous year, the firm earned $3.30 earnings per share. American Express’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, research analysts predict that American Express will post 13.41 earnings per share for the current year.

American Express Dividend Announcement

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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, October 4th. American Express’s dividend payout ratio (DPR) is 20.60%.

Analysts Set New Price Targets

Several analysts recently commented on AXP shares. TD Cowen raised their price target on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Compass Point started coverage on shares of American Express in a research report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 price target on the stock. Keefe, Bruyette & Woods raised their price target on shares of American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Evercore ISI raised their price target on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research report on Monday, October 7th. Finally, The Goldman Sachs Group raised their price target on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $253.09.

Insider Activity

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the sale, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

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.