ORG Wealth Partners LLC Acquires New Shares in American Express (NYSE:AXP)

ORG Wealth Partners LLC bought a new position in shares of American Express (NYSE:AXP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 909 shares of the payment services company’s stock, valued at approximately $247,000.

A number of other large investors have also recently made changes to their positions in the stock. Game Plan Financial Advisors LLC boosted its stake in American Express by 62.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after purchasing an additional 50 shares during the period. Scarborough Advisors LLC purchased a new position in American Express during the fourth quarter valued at approximately $25,000. DHJJ Financial Advisors Ltd. increased its holdings in 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 acquiring an additional 49 shares during the period. Riverview Trust Co purchased a new stake in American Express in the 1st quarter worth approximately $38,000. Finally, Creekmur Asset Management LLC bought a new position in American Express in the 4th quarter valued at $32,000. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AXP. Royal Bank of Canada increased their price objective on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Compass Point assumed coverage on American Express in a research report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 price target for the company. Jefferies Financial Group raised their target price on shares of American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. Monness Crespi & Hardt boosted their price target on shares of American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Bank of America raised their price objective on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $241.42.

American Express Stock Down 0.4 %

Shares of NYSE:AXP opened at $275.11 on Monday. American Express has a 1 year low of $140.91 and a 1 year high of $277.11. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66. The stock’s 50-day moving average is $256.44 and its 200 day moving average is $242.17. The company has a market cap of $197.89 billion, a PE ratio of 22.78, a P/E/G ratio of 1.50 and a beta of 1.21.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.23. The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.60 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.89 earnings per share. Sell-side analysts anticipate that American Express will post 13.14 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be issued a $0.70 dividend. The ex-dividend date is Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 1.02%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

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.