1,346 Shares in American Express (NYSE:AXP) Acquired by Vigilare Wealth Management

Vigilare Wealth Management purchased a new position in American Express (NYSE:AXP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,346 shares of the payment services company’s stock, valued at approximately $365,000.

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

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 shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Anre D. Williams sold 77,887 shares of the firm’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 transaction, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated 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 transaction, 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. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AXP. Jefferies Financial Group boosted their target price on American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. Royal Bank of Canada upped their price objective on shares of American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. BTIG Research cut shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price for the company. in a research report on Tuesday, October 8th. Morgan Stanley increased their price target on shares of American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, 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. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $253.09.

American Express Trading Up 1.0 %

NYSE:AXP opened at $272.69 on Friday. The stock 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 quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The company’s 50 day moving average price is $266.02 and its 200-day moving average price is $247.24. American Express has a 52 week low of $148.33 and a 52 week high of $286.36.

American Express (NYSE:AXP) last issued its 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 return on equity of 32.46% and a net margin of 15.32%. The business had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same period last year, the business posted $3.30 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that American Express will post 13.41 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors 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 1.03%. American Express’s payout ratio is 20.60%.

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.