Cadence Bank NA bought a new stake in shares of American Express Company (NYSE:AXP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,218 shares of the payment services company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. BlackRock Inc. boosted its holdings in American Express by 2,686.0% during the 1st quarter. BlackRock Inc. now owns 44,177,867 shares of the payment services company’s stock valued at $3,494,913,000 after acquiring an additional 42,592,136 shares during the period. Wellington Management Group LLP lifted its holdings in shares of American Express by 21.7% in the 1st quarter. Wellington Management Group LLP now owns 17,198,787 shares of the payment services company’s stock worth $1,360,596,000 after buying an additional 3,071,573 shares during the period. Veritas Asset Management LLP lifted its holdings in shares of American Express by 15.2% in the 2nd quarter. Veritas Asset Management LLP now owns 10,303,201 shares of the payment services company’s stock worth $867,942,000 after buying an additional 1,358,474 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of American Express in the 2nd quarter worth $101,526,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of American Express by 944,765.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,077,147 shares of the payment services company’s stock worth $90,739,000 after buying an additional 1,077,033 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on AXP. Bank of America reissued a “buy” rating and issued a $102.00 price target on shares of American Express in a research report on Monday, October 9th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Tuesday, August 29th. Keefe, Bruyette & Woods set a $95.00 price target on American Express and gave the stock a “buy” rating in a research report on Saturday, August 19th. Oppenheimer set a $99.00 price target on American Express and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Morgan Stanley reduced their price target on American Express from $90.00 to $89.00 and set an “equal weight” rating for the company in a research report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the stock. American Express currently has a consensus rating of “Hold” and an average price target of $91.56.

In other news, insider Ashwini Gupta sold 57,306 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $95.04, for a total value of $5,446,362.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James Peter Bush sold 10,230 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $90.55, for a total value of $926,326.50. The disclosure for this sale can be found here. Insiders have sold 211,199 shares of company stock worth $19,978,410 in the last quarter. 0.67% of the stock is currently owned by company insiders.

American Express Company (NYSE:AXP) opened at $98.55 on Monday. The stock has a market capitalization of $85,541.03, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. American Express Company has a 1 year low of $73.11 and a 1 year high of $99.75.

American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. American Express’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 earnings per share. equities analysts forecast that American Express Company will post 5.86 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.42%. American Express’s dividend payout ratio is currently 26.97%.

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American Express Profile

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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

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