Crumly & Associates Inc. Grows Stake in American Express Company $AXP

Crumly & Associates Inc. boosted its holdings in shares of American Express Company (NYSE:AXP) by 75.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,516 shares of the payment services company’s stock after buying an additional 1,516 shares during the period. Crumly & Associates Inc.’s holdings in American Express were worth $1,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AXP. Gratus Wealth Advisors LLC raised its position in shares of American Express by 0.8% during the 3rd quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock valued at $1,233,000 after buying an additional 28 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of American Express by 1.0% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock worth $967,000 after purchasing an additional 29 shares in the last quarter. Walkner Condon Financial Advisors LLC raised its holdings in shares of American Express by 2.1% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,378 shares of the payment services company’s stock valued at $458,000 after buying an additional 29 shares in the last quarter. Sandy Cove Advisors LLC lifted its position in American Express by 2.1% in the 3rd quarter. Sandy Cove Advisors LLC now owns 1,462 shares of the payment services company’s stock worth $485,000 after buying an additional 30 shares during the last quarter. Finally, Bath Savings Trust Co raised its stake in shares of American Express by 1.1% during the third quarter. Bath Savings Trust Co now owns 2,922 shares of the payment services company’s stock worth $971,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Down 0.7%

Shares of American Express stock opened at $356.89 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. The company has a market cap of $245.84 billion, a P/E ratio of 23.95, a PEG ratio of 1.51 and a beta of 1.15. The company’s fifty day simple moving average is $369.10 and its two-hundred day simple moving average is $343.29.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 30th. The payment services company reported ($11.85) EPS for the quarter, missing the consensus estimate of $3.56 by ($15.41). American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. Research analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s dividend payout ratio is 22.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AXP shares. Morgan Stanley set a $395.00 target price on shares of American Express in a research report on Tuesday, January 20th. UBS Group set a $385.00 price objective on American Express in a report on Monday, January 12th. Keefe, Bruyette & Woods increased their target price on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Credit Suisse Group set a $328.00 price objective on American Express in a research report on Monday, January 12th. Finally, BTIG Research reaffirmed a “sell” rating and issued a $328.00 target price on shares of American Express in a research note on Monday, January 12th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $353.95.

Insider Activity

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the transaction, the chief marketing officer owned 85,577 shares in the company, valued at $30,825,691.17. This trade represents a 36.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

American Express Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.