Nadler Financial Group Inc. Increases Position in American Express (NYSE:AXP)

Nadler Financial Group Inc. boosted its holdings in shares of American Express (NYSE:AXP) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,177 shares of the payment services company’s stock after purchasing an additional 110 shares during the quarter. Nadler Financial Group Inc.’s holdings in American Express were worth $319,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. DHJJ Financial Advisors Ltd. lifted its position in shares of American Express by 42.2% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock valued at $38,000 after buying an additional 49 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in American Express during the third quarter worth about $46,000. BNP Paribas acquired a new position in American Express during the first quarter worth $40,000. POM Investment Strategies LLC purchased a new stake in American Express in the 2nd quarter valued at $42,000. Finally, Founders Capital Management acquired a new stake in shares of American Express in the 2nd quarter worth $46,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on AXP. HSBC lowered shares of American Express from a “buy” rating to a “hold” rating and upped their price objective for the company from $265.00 to $270.00 in a report on Tuesday, October 8th. Morgan Stanley raised their price objective on American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. BTIG Research cut shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price on the stock. in a research report on Tuesday, October 8th. Hsbc Global Res cut shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group upped their price objective on shares of American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $253.09.

Insider Activity

In related news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the sale, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other American Express 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 completion of 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 accessible through this hyperlink. Also, 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 value of $21,049,740.62. Following 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 disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

American Express Stock Performance

NYSE AXP traded up $2.34 on Friday, hitting $272.42. 226,142 shares of the company’s stock were exchanged, compared to its average volume of 2,905,062. The firm has a market cap of $191.91 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 1.49 and a beta of 1.21. The firm’s 50-day moving average price is $265.59 and its two-hundred day moving average price is $246.87. American Express has a fifty-two week low of $148.33 and a fifty-two week high of $286.36. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.27 by $0.22. The firm had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.30 earnings per share. On average, research analysts expect that American Express will post 13.41 EPS for the current year.

American Express Announces Dividend

The company also recently announced 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. This represents a $2.80 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, October 4th. American Express’s dividend payout ratio (DPR) is 20.60%.

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.