Cetera Trust Company N.A Has $884,000 Holdings in American Express (NYSE:AXP)

Cetera Trust Company N.A cut its stake in American Express (NYSE:AXP) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,260 shares of the payment services company’s stock after selling 75 shares during the period. Cetera Trust Company N.A’s holdings in American Express were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AXP. Traphagen Investment Advisors LLC boosted its position in American Express by 3.6% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 2,603 shares of the payment services company’s stock valued at $706,000 after buying an additional 90 shares during the last quarter. U S Global Investors Inc. increased its position in American Express by 66.7% in the third quarter. U S Global Investors Inc. now owns 3,500 shares of the payment services company’s stock worth $949,000 after purchasing an additional 1,400 shares during the period. Calton & Associates Inc. bought a new stake in American Express during the 3rd quarter worth about $519,000. Oakworth Capital Inc. lifted its position in American Express by 7.1% during the 3rd quarter. Oakworth Capital Inc. now owns 4,465 shares of the payment services company’s stock valued at $1,211,000 after purchasing an additional 295 shares during the period. Finally, Maple Capital Management Inc. grew its position in shares of American Express by 0.8% during the 3rd quarter. Maple Capital Management Inc. now owns 119,636 shares of the payment services company’s stock worth $32,445,000 after buying an additional 971 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Up 0.0 %

AXP traded up $0.08 on Tuesday, hitting $270.82. 716,854 shares of the company were exchanged, compared to its average volume of 2,925,155. The stock’s fifty day moving average is $261.94 and its 200-day moving average is $244.38. American Express has a 12 month low of $140.91 and a 12 month high of $286.36. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $194.80 billion, a PE ratio of 22.30, a PEG ratio of 1.50 and a beta of 1.21.

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 return on equity of 32.94% and a net margin of 15.53%. The company had revenue of $16.64 billion for the quarter, compared to analysts’ expectations of $16.68 billion. During the same quarter in the prior year, the business posted $3.30 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. Equities research analysts predict that American Express will post 13.14 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given 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 presently 23.06%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent research reports. Evercore ISI raised their price objective on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research note on Monday, October 7th. Keefe, Bruyette & Woods upped their price objective on American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Royal Bank of Canada raised their target price on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Wells Fargo & Company lifted their price target on shares of American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Morgan Stanley boosted their target price on American Express from $248.00 to $252.00 and gave the company an “equal weight” rating in a research note on Monday. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Express presently has an average rating of “Hold” and an average price target of $244.58.

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.