Zions Bancorporation N.A. Has $400,000 Stock Holdings in American Express (NYSE:AXP)

Zions Bancorporation N.A. decreased its stake in shares of American Express (NYSE:AXP) by 79.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,475 shares of the payment services company’s stock after selling 5,820 shares during the period. Zions Bancorporation N.A.’s holdings in American Express were worth $400,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of American Express by 26,783.5% in the third 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 purchasing an additional 906,353 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of American Express by 924.2% in 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 buying an additional 768,301 shares during the period. Pathway Financial Advisers LLC boosted its holdings in American Express by 59,816.0% in the third 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 during the last quarter. Price T Rowe Associates Inc. MD increased its position in American Express by 8.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock worth $1,923,399,000 after purchasing an additional 662,382 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in American Express by 71.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,164,098 shares of the payment services company’s stock valued at $269,547,000 after purchasing an additional 486,755 shares during the period. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now owns 111,656 shares in the company, valued at approximately $30,176,150.56. This represents a 41.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AXP. Morgan Stanley boosted 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. Wells Fargo & Company increased their price target on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. TD Cowen lifted their price objective on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and increased their target price for the company from $268.00 to $286.00 in a research note on Monday, October 7th. Finally, BTIG Research lowered 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. Four research 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. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average target price of $253.09.

American Express Trading Down 0.5 %

Shares of NYSE:AXP opened at $286.80 on Friday. The company’s 50-day moving average price is $271.46 and its two-hundred day moving average price is $250.75. American Express has a one year low of $157.97 and a one year high of $296.83. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $202.04 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21.

American Express (NYSE:AXP) last issued its quarterly 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. The firm had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.30 earnings per share. On average, equities analysts forecast that American Express will post 13.4 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, October 4th. American Express’s dividend payout ratio (DPR) is currently 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.