Invesco LLC Sells 110 Shares of American Express (NYSE:AXP)

Invesco LLC cut its position in American Express (NYSE:AXP) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,654 shares of the payment services company’s stock after selling 110 shares during the period. American Express makes up about 1.4% of Invesco LLC’s investment portfolio, making the stock its 18th largest position. Invesco LLC’s holdings in American Express were worth $3,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AXP. Alphinity Investment Management Pty Ltd bought a new stake in shares of American Express during the 1st quarter valued at $433,709,000. International Assets Investment Management LLC grew its stake in American Express by 26,783.5% during the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after buying an additional 906,353 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of American Express by 924.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock valued at $197,149,000 after buying an additional 768,301 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of American Express by 59,816.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after acquiring an additional 681,304 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of American Express by 8.5% during the 1st 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 acquiring an additional 662,382 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AXP shares. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. downgraded American Express from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $268.00 to $286.00 in a research note on Monday, October 7th. Bank of America raised their price target on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. TD Cowen increased their price objective on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Finally, Morgan Stanley upped their target price on American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus target price of $253.09.

Insider Transactions at American Express

In other American Express 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 stock was sold at an average price of $270.98, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated 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 owns 109,691 shares in the company, valued at $29,724,067.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the transaction, the insider now owns 111,656 shares in the company, valued at approximately $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. 0.12% of the stock is currently owned by insiders.

American Express Stock Up 1.0 %

Shares of AXP stock traded up $2.61 on Friday, reaching $272.69. 2,508,471 shares of the company were exchanged, compared to its average volume of 2,916,070. American Express has a one year low of $148.33 and a one year high of $286.36. The company has a market cap of $192.10 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.49 and a beta of 1.21. The company has a 50-day moving average of $266.02 and a 200-day moving average of $247.24. 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 analysts’ consensus estimates of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The firm had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. During the same quarter last year, the firm posted $3.30 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Analysts anticipate that American Express will post 13.41 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders 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 of this dividend is Friday, October 4th. American Express’s dividend payout ratio (DPR) is 20.60%.

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.