JNBA Financial Advisors Has $58,000 Stake in American Express (NYSE:AXP)

JNBA Financial Advisors cut its stake in American Express (NYSE:AXP) by 78.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 214 shares of the payment services company’s stock after selling 795 shares during the period. JNBA Financial Advisors’ holdings in American Express were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Alphinity Investment Management Pty Ltd bought a new position in shares of American Express during the first quarter worth about $433,709,000. International Assets Investment Management LLC boosted its position in American Express by 26,783.5% during the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after acquiring an additional 906,353 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of American Express by 924.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock worth $197,149,000 after acquiring an additional 768,301 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of American Express by 59,816.0% in the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after purchasing an additional 681,304 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of American Express by 8.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock worth $1,923,399,000 after purchasing an additional 662,382 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 7.0 %

Shares of American Express stock opened at $295.12 on Thursday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a 50-day moving average of $267.52 and a 200-day moving average of $248.67. American Express has a 52-week low of $152.05 and a 52-week high of $296.83. The stock has a market cap of $207.90 billion, a PE ratio of 21.72, a PEG ratio of 1.48 and a beta of 1.21.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. During the same quarter in the previous year, the firm posted $3.30 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts forecast that American Express will post 13.41 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 0.95%. American Express’s dividend payout ratio is presently 20.60%.

Analysts Set New Price Targets

Several brokerages have issued reports on AXP. Barclays lifted their price target on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Monness Crespi & Hardt lifted their target price on American Express from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 14th. HSBC downgraded American Express from a “buy” rating to a “hold” rating and raised their price target for the company from $265.00 to $270.00 in a research note on Tuesday, October 8th. Evercore ISI boosted their price target on American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a research report on Monday, October 7th. Finally, BTIG Research downgraded American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective for the company. in a report on Tuesday, October 8th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $253.09.

Insider Activity

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

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.