Prime Capital Investment Advisors LLC Boosts Stock Position in American Express (NYSE:AXP)

Prime Capital Investment Advisors LLC increased its stake in shares of American Express (NYSE:AXP) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,200 shares of the payment services company’s stock after purchasing an additional 121 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in American Express were worth $14,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. Kennebec Savings Bank purchased a new stake in shares of American Express during the 3rd quarter worth about $29,000. DHJJ Financial Advisors Ltd. grew its holdings 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 worth $38,000 after purchasing an additional 49 shares during the period. POM Investment Strategies LLC purchased a new stake in shares of American Express during the 2nd quarter worth about $42,000. Founders Capital Management purchased a new stake in shares of American Express during the 2nd quarter worth about $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of American Express during the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.0 %

Shares of NYSE AXP traded up $0.01 during mid-day trading on Tuesday, hitting $292.98. 101,381 shares of the company traded hands, compared to its average volume of 2,901,753. American Express has a 1 year low of $153.50 and a 1 year high of $296.83. The stock has a market capitalization of $206.39 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.56 and a beta of 1.21. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The business has a 50 day moving average of $269.33 and a two-hundred day moving average of $249.86.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. The business 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%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $3.30 EPS. On average, sell-side analysts anticipate that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, October 4th. American Express’s dividend payout ratio is currently 20.60%.

Analyst Ratings Changes

A number of analysts have recently issued reports on AXP shares. Morgan Stanley boosted 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. Bank of America boosted their price target on American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. BTIG Research lowered 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. Finally, The Goldman Sachs Group upped their target price on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Four equities research 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 stock presently has a consensus rating of “Hold” and a consensus target price of $253.09.

Insiders Place Their Bets

In other news, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction that occurred on 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 sale, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction that occurred on 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 sale, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction 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 in the company, 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. Company insiders own 0.12% of the company’s stock.

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.