Creative Capital Management Investments LLC Acquires 500 Shares of American Express (NYSE:AXP)

Creative Capital Management Investments LLC lifted its holdings in American Express (NYSE:AXP) by 50,000.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 501 shares of the payment services company’s stock after acquiring an additional 500 shares during the period. Creative Capital Management Investments LLC’s holdings in American Express were worth $136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sovereign Financial Group Inc. boosted its holdings in shares of American Express by 2.7% in the 3rd quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company’s stock worth $398,000 after purchasing an additional 38 shares during the period. Legacy Financial Strategies LLC boosted its stake in American Express by 2.5% during the third quarter. Legacy Financial Strategies LLC now owns 1,632 shares of the payment services company’s stock worth $443,000 after buying an additional 40 shares during the period. Concord Wealth Partners boosted its stake in American Express by 10.5% during the third quarter. Concord Wealth Partners now owns 422 shares of the payment services company’s stock worth $114,000 after buying an additional 40 shares during the period. Sawgrass Asset Management LLC raised its stake in shares of American Express by 0.4% in the second quarter. Sawgrass Asset Management LLC now owns 10,384 shares of the payment services company’s stock valued at $2,404,000 after acquiring an additional 41 shares during the period. Finally, Godsey & Gibb Inc. lifted its holdings in shares of American Express by 3.5% in the 3rd quarter. Godsey & Gibb Inc. now owns 1,227 shares of the payment services company’s stock worth $333,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 1.0 %

AXP opened at $272.69 on Friday. American Express has a 12 month low of $148.33 and a 12 month high of $286.36. The stock has a fifty day moving average price of $266.02 and a 200-day moving average price of $247.24. The firm 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 current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last released its quarterly earnings results 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. 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 analyst estimates of $16.68 billion. During the same period in the prior year, the firm posted $3.30 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that American Express will post 13.41 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a dividend of $0.70 per share. 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 payout ratio is presently 20.60%.

Analysts Set New Price Targets

AXP has been the topic of several analyst reports. 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 report on Monday, October 21st. Evercore ISI upped their target price on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research note on Monday, October 7th. Wells Fargo & Company raised their price target on American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. The Goldman Sachs Group upped their price objective on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Barclays lifted their target price on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, American Express has a consensus rating of “Hold” and an average price target of $253.09.

Insider Transactions at American Express

In related news, insider Anre D. Williams sold 77,887 shares of the company’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 directly owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other American Express news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

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.