SignalPoint Asset Management LLC purchased a new position in shares of American Express Company (NYSE:AXP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,844 shares of the payment services company’s stock, valued at approximately $257,000.

Other hedge funds have also bought and sold shares of the company. MCF Advisors LLC increased its stake in shares of American Express by 0.3% in the second quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after buying an additional 4 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of American Express by 30.4% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after buying an additional 300 shares during the period. Capital Analysts LLC purchased a new position in shares of American Express in the second quarter worth $115,000. Westside Investment Management Inc. increased its stake in shares of American Express by 36.7% in the first quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock worth $119,000 after buying an additional 410 shares during the period. Finally, MV Capital Management Inc. increased its stake in shares of American Express by 3.5% in the second quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after buying an additional 49 shares during the period. 83.51% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider James Peter Bush sold 10,230 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $90.55, for a total transaction of $926,326.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael John O’neill sold 43,741 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $98.85, for a total transaction of $4,323,797.85. Following the sale, the executive vice president now owns 43,731 shares in the company, valued at approximately $4,322,809.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 343,870 shares of company stock worth $33,094,717. Company insiders own 0.67% of the company’s stock.

AXP has been the topic of several analyst reports. Morgan Stanley decreased their target price on shares of American Express from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Friday, September 8th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $84.00 target price (up from $79.00) on shares of American Express in a research note on Thursday, October 19th. ValuEngine downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Bank of America reaffirmed a “buy” rating and issued a $102.00 target price on shares of American Express in a research note on Monday, October 9th. Finally, Zacks Investment Research downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $91.56.

Shares of American Express Company (NYSE:AXP) opened at $97.78 on Thursday. The firm has a market cap of $86,252.79, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.66 and a beta of 1.22. American Express Company has a fifty-two week low of $73.24 and a fifty-two week high of $99.75. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio (DPR) is currently 26.97%.

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American Express Company 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).

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

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