Crossmark Global Holdings Inc. raised its stake in American Express (NYSE:AXP - Free Report) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,627 shares of the payment services company's stock after acquiring an additional 2,560 shares during the period. Crossmark Global Holdings Inc.'s holdings in American Express were worth $27,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. increased its position in American Express by 42.2% during the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company's stock worth $38,000 after buying an additional 49 shares during the period. POM Investment Strategies LLC acquired a new position in shares of American Express in the 2nd quarter valued at $42,000. Founders Capital Management acquired a new stake in American Express during the 2nd quarter worth $46,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in American Express during the 3rd quarter worth $46,000. Finally, Capital Performance Advisors LLP purchased a new position in American Express during the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 84.33% of the company's stock.
In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company's stock in a transaction dated 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 owns 109,691 shares of the company's stock, valued at $29,724,067.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business's 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 sale, the insider now directly owns 109,691 shares of the company's stock, valued at $29,724,067.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anre D. Williams sold 77,887 shares of the 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.
Shares of AXP traded up $0.78 during mid-day trading on Friday, reaching $287.60. 1,814,377 shares of the company's stock were exchanged, compared to its average volume of 2,830,479. American Express has a 52-week low of $152.05 and a 52-week high of $296.83. 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 has a 50-day simple moving average of $268.64 and a two-hundred day simple moving average of $249.32. The company has a market cap of $202.60 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.61 and a beta of 1.21.
American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. The business had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.30 earnings per share. On average, sell-side analysts predict that American Express will post 13.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 0.97%. American Express's payout ratio is currently 20.60%.
Several brokerages have recently weighed in on AXP. Bank of America increased their target price on shares of American Express from $263.00 to $265.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 17th. Evercore ISI lifted their target price on American Express from $275.00 to $290.00 and gave the company an "in-line" rating in a research note on Monday, October 7th. The Goldman Sachs Group boosted their target price on American Express from $270.00 to $300.00 and gave the company a "buy" rating in a report on Monday, October 7th. Compass Point initiated coverage on American Express in a report on Tuesday, July 16th. They set a "neutral" rating and a $260.00 price target for the company. Finally, Monness Crespi & Hardt boosted their price objective on shares of American Express from $265.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 14th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $253.09.
Get Our Latest Stock Analysis on AXP
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.
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