Capital Investment Advisors LLC Has $32.61 Million Stock Position in American Express (NYSE:AXP)

Capital Investment Advisors LLC grew its holdings in American Express (NYSE:AXP) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,865 shares of the payment services company’s stock after acquiring an additional 3,224 shares during the quarter. Capital Investment Advisors LLC’s holdings in American Express were worth $32,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in American Express in the 3rd quarter valued at approximately $27,000. Kennebec Savings Bank bought a new stake in shares of American Express during the 3rd quarter valued at about $29,000. True Wealth Design LLC boosted its stake in American Express by 332.0% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in American Express in the third quarter worth approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in American Express in the 3rd quarter worth approximately $46,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AXP shares. Barclays increased their price target on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Bank of America lifted their target price on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target for the company. in a research report on Tuesday, October 8th. TD Cowen upped their price target on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, Monness Crespi & Hardt boosted their price objective on American Express from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, American Express currently has an average rating of “Hold” and an average target price of $272.64.

Read Our Latest Stock Report on American Express

American Express Stock Up 0.5 %

AXP stock traded up $1.36 during trading on Monday, hitting $294.66. 533,926 shares of the stock traded hands, compared to its average volume of 1,978,252. American Express has a 1 year low of $177.81 and a 1 year high of $307.82. The firm’s 50 day moving average is $296.88 and its two-hundred day moving average is $269.64. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $207.57 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23.

American Express (NYSE:AXPGet Free Report) 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 company had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. American Express’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.30 EPS. On average, sell-side analysts anticipate that American Express will post 13.4 EPS for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.95%. American Express’s dividend payout ratio is currently 20.60%.

Insider Buying and Selling

In related news, insider Anre D. Williams sold 77,887 shares of the company’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 completion of the sale, the insider now owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This represents a 41.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,998 shares of company stock valued at $26,423,439. Corporate insiders own 0.12% of the company’s stock.

American Express Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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