Pathway Financial Advisers LLC Has $774,000 Position in American Express (NYSE:AXP)

Pathway Financial Advisers LLC grew its position in shares of American Express (NYSE:AXP) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,609 shares of the payment services company’s stock after buying an additional 93 shares during the period. Pathway Financial Advisers LLC’s holdings in American Express were worth $774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AXP. Geode Capital Management LLC boosted its stake in shares of American Express by 0.8% in the third quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock valued at $3,104,735,000 after buying an additional 86,100 shares during the period. FMR LLC raised its holdings in American Express by 8.5% in the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after acquiring an additional 866,110 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of American Express by 5.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock valued at $1,249,415,000 after acquiring an additional 239,173 shares during the period. Janus Henderson Group PLC grew its holdings in shares of American Express by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock worth $1,074,168,000 after purchasing an additional 33,193 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of American Express by 12.7% in the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after purchasing an additional 247,864 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AXP shares. StockNews.com cut shares of American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Morgan Stanley increased their price target on shares of American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Monday, January 27th. Royal Bank of Canada lifted their price objective on shares of American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 27th. Wells Fargo & Company upped their target price on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, William Blair reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, January 27th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $296.38.

American Express Price Performance

Shares of AXP opened at $306.46 on Thursday. The business has a 50-day moving average of $306.67 and a 200-day moving average of $281.42. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.67 and a quick ratio of 1.63. The company has a market capitalization of $215.89 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. American Express has a 1 year low of $207.61 and a 1 year high of $326.27.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. As a group, equities research analysts anticipate that American Express will post 15.32 earnings per share for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were given a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.91%. American Express’s dividend payout ratio (DPR) is currently 19.99%.

Insider Buying and Selling at American Express

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the transaction, the insider now owns 13,500 shares in the company, valued at $4,308,795. The trade was a 41.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,664 shares of company stock valued at $9,613,503. 0.12% of the stock is currently owned by insiders.

American Express 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.