American Express (NYSE:AXP) Shares Purchased by Fullcircle Wealth LLC

Fullcircle Wealth LLC boosted its position in shares of American Express (NYSE:AXP) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,562 shares of the payment services company’s stock after acquiring an additional 176 shares during the period. Fullcircle Wealth LLC’s holdings in American Express were worth $1,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. grew its holdings in American Express by 42.2% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after acquiring an additional 49 shares in the last quarter. BNP Paribas acquired a new position in American Express during the 1st quarter worth approximately $40,000. POM Investment Strategies LLC acquired a new position in American Express during the 2nd quarter worth approximately $42,000. Founders Capital Management acquired a new position in American Express during the 2nd quarter worth approximately $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in American Express during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of several analyst reports. Hsbc Global Res cut shares of American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods upped their target price on shares of American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Monness Crespi & Hardt upped their target price on shares of American Express from $265.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 14th. Bank of America upped their target price on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, TD Cowen upped their target price on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $253.09.

Insider Transactions at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’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 transaction, the insider now directly 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 document filed with the SEC, which is available through this hyperlink. In related news, insider Anre D. Williams sold 77,887 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the sale, the insider now directly owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the 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 sale, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. The trade was a 0.00 % 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.

American Express Stock Performance

American Express stock traded up $2.61 during trading hours on Friday, reaching $272.69. 2,508,471 shares of the stock were exchanged, compared to its average volume of 2,916,070. The stock has a market cap of $192.10 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.49 and a beta of 1.21. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a 52-week low of $148.33 and a 52-week high of $286.36. The firm’s 50 day moving average is $266.02 and its 200 day moving average is $247.24.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. The company had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. American Express’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.30 EPS. Analysts predict that American Express will post 13.41 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.03%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

American Express Company 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.