IFM Investors Pty Ltd boosted its stake in shares of American Express (NYSE:AXP) by 11.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,607 shares of the payment services company’s stock after acquiring an additional 5,619 shares during the period. IFM Investors Pty Ltd’s holdings in American Express were worth $5,675,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AXP. Buckley Wealth Management LLC increased its stake in shares of American Express by 0.7% in the 2nd quarter. Buckley Wealth Management LLC now owns 14,186 shares of the payment services company’s stock valued at $1,351,000 after purchasing an additional 105 shares during the last quarter. Bay Harbor Wealth Management LLC increased its stake in shares of American Express by 28.6% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 481 shares of the payment services company’s stock valued at $46,000 after purchasing an additional 107 shares during the last quarter. Nvwm LLC increased its stake in shares of American Express by 2.9% in the 2nd quarter. Nvwm LLC now owns 3,941 shares of the payment services company’s stock valued at $375,000 after purchasing an additional 111 shares during the last quarter. Okabena Investment Services Inc. increased its stake in shares of American Express by 1.1% in the 2nd quarter. Okabena Investment Services Inc. now owns 10,704 shares of the payment services company’s stock valued at $1,019,000 after purchasing an additional 117 shares during the last quarter. Finally, Institute for Wealth Management LLC. increased its stake in shares of American Express by 1.1% in the 2nd quarter. Institute for Wealth Management LLC. now owns 11,330 shares of the payment services company’s stock valued at $1,079,000 after purchasing an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 84.14% of the company’s stock.

Shares of NYSE:AXP traded up $0.48 during midday trading on Friday, reaching $104.91. The company’s stock had a trading volume of 2,394,339 shares, compared to its average volume of 5,486,243. The firm has a 50 day moving average price of $102.69 and a two-hundred day moving average price of $95.78. American Express has a fifty-two week low of $67.00 and a fifty-two week high of $138.13. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $84.47 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 2.42 and a beta of 1.14.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. American Express had a return on equity of 24.08% and a net margin of 10.02%. The business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same period in the prior year, the business earned $2.07 EPS. The firm’s revenue for the quarter was down 29.2% on a year-over-year basis. As a group, research analysts anticipate that American Express will post 4.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, October 8th. American Express’s dividend payout ratio (DPR) is currently 20.98%.

Several brokerages have recently issued reports on AXP. Deutsche Bank Aktiengesellschaft decreased their price target on American Express from $108.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Daiwa Capital Markets reiterated a “neutral” rating and issued a $100.00 price target on shares of American Express in a research note on Tuesday, July 21st. 140166 lowered American Express from a “positive” rating to a “neutral” rating and set a $110.00 price objective on the stock. in a research report on Friday, October 9th. UBS Group lowered American Express from a “neutral” rating to a “sell” rating and set a $92.00 price objective on the stock. in a research report on Monday, June 22nd. Finally, Bank of America lowered American Express from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $106.00 to $95.00 in a research report on Wednesday, September 23rd. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $104.63.

In related news, insider Denise Pickett sold 2,864 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $96.62, for a total transaction of $276,719.68. Following the transaction, the insider now directly owns 10,202 shares of the company’s stock, valued at approximately $985,717.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

American Express Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; expense management products and services; and lifestyle services.

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

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