American Express (NYSE:AXP) Shares Purchased by Rheos Capital Works Inc.

Rheos Capital Works Inc. grew its holdings in shares of American Express (NYSE:AXP) by 19.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,700 shares of the payment services company’s stock after buying an additional 16,000 shares during the quarter. American Express accounts for about 1.4% of Rheos Capital Works Inc.’s investment portfolio, making the stock its 24th largest holding. Rheos Capital Works Inc.’s holdings in American Express were worth $26,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Game Plan Financial Advisors LLC lifted its position 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 worth $30,000 after purchasing an additional 50 shares during the last quarter. Scarborough Advisors LLC bought a new position in American Express during the fourth quarter worth $25,000. DHJJ Financial Advisors Ltd. lifted its stake in American Express by 42.2% during the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after purchasing an additional 49 shares during the last quarter. Riverview Trust Co acquired a new position in American Express in the first quarter worth $38,000. Finally, BNP Paribas bought a new stake in American Express during the first quarter valued at $40,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE:AXP opened at $281.67 on Thursday. The business has a fifty day simple moving average of $259.44 and a 200 day simple moving average of $243.14. 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 has a 1 year low of $140.91 and a 1 year high of $281.87. The firm has a market cap of $202.61 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.50 and a beta of 1.21.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.23. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.89 earnings per share. As a group, sell-side analysts predict that American Express will post 13.14 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be issued 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 0.99%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Analyst Ratings Changes

Several research analysts have recently commented on AXP shares. Keefe, Bruyette & Woods lifted their price target on shares of American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, July 8th. The Goldman Sachs Group lifted their target price on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Bank of America raised their price target on American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Barclays upped their price objective on American Express from $223.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their price target on shares of American Express from $225.00 to $235.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $242.33.

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.