Roman Butler Fullerton & Co. Invests $297,000 in American Express (NYSE:AXP)

Roman Butler Fullerton & Co. acquired a new position in American Express (NYSE:AXP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,070 shares of the payment services company’s stock, valued at approximately $297,000.

Several other large investors have also recently modified their holdings of the stock. Alphinity Investment Management Pty Ltd bought a new stake in shares of American Express in the first quarter worth about $433,709,000. International Assets Investment Management LLC boosted its position in American Express by 26,783.5% during the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after acquiring an additional 906,353 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in American Express by 924.2% during 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 acquiring an additional 768,301 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in 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 valued at $185,079,000 after acquiring an additional 681,304 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in 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 valued at $1,923,399,000 after acquiring an additional 662,382 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. TD Cowen lifted their price objective on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Barclays lifted their price objective on American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. BTIG Research cut American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Compass Point started coverage on American Express in a research report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, American Express presently has an average rating of “Hold” and an average target price of $253.09.

American Express Price Performance

Shares of AXP opened at $270.19 on Tuesday. The firm has a market cap of $190.34 billion, a PE ratio of 19.88, a P/E/G ratio of 1.47 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. The firm has a fifty day simple moving average of $266.34 and a two-hundred day simple moving average of $248.03. American Express has a 1-year low of $151.51 and a 1-year high of $286.36.

American Express (NYSE:AXP) last announced its earnings results 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 during the quarter, compared to analyst estimates of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.30 EPS. On average, equities analysts anticipate that American Express will post 13.41 EPS for the current year.

American Express Dividend Announcement

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

Insider Buying and Selling at American Express

In other news, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was 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 directly owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was 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 directly owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was 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 of the company’s stock, valued at $29,724,067.18. This trade represents a 0.00 % decrease in their ownership of the stock. 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.