1,070 Shares in American Express (NYSE:AXP) Purchased by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. acquired a new position in American Express (NYSE:AXP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,070 shares of the payment services company’s stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its position in American Express by 2.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 547,051 shares of the payment services company’s stock worth $148,360,000 after purchasing an additional 10,749 shares during the period. Nvwm LLC increased its position in shares of American Express by 9.4% during the third quarter. Nvwm LLC now owns 17,958 shares of the payment services company’s stock worth $4,870,000 after acquiring an additional 1,550 shares during the period. Angeles Wealth Management LLC increased its position in shares of American Express by 14.8% during the third quarter. Angeles Wealth Management LLC now owns 1,935 shares of the payment services company’s stock worth $525,000 after acquiring an additional 250 shares during the period. Van ECK Associates Corp increased its position in shares of American Express by 0.4% during the third quarter. Van ECK Associates Corp now owns 47,545 shares of the payment services company’s stock worth $12,896,000 after acquiring an additional 212 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in shares of American Express by 2.5% during the third quarter. Harbor Capital Advisors Inc. now owns 11,702 shares of the payment services company’s stock worth $3,174,000 after acquiring an additional 283 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade 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. In related news, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade 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, 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 transaction of $3,552,818.78. Following the transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

American Express Trading Down 0.9 %

NYSE:AXP opened at $270.19 on Tuesday. American Express has a 12 month low of $151.51 and a 12 month high of $286.36. The firm has a fifty day simple moving average of $266.34 and a 200-day simple moving average of $248.03. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $190.34 billion, a P/E ratio of 19.88, a PEG ratio of 1.47 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 EPS for the quarter, topping the consensus estimate of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. During the same period in the previous year, the firm posted $3.30 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that American Express will post 13.41 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, October 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.04%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AXP shares. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Compass Point started coverage on shares of American Express in a research report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 target price on the stock. Monness Crespi & Hardt raised their target price on shares of American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. 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, Wells Fargo & Company increased their price objective on shares of American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $253.09.

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.