Fiducient Advisors LLC Sells 1,234 Shares of American Express (NYSE:AXP)

Fiducient Advisors LLC decreased its holdings in American Express (NYSE:AXP) by 54.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,047 shares of the payment services company’s stock after selling 1,234 shares during the period. Fiducient Advisors LLC’s holdings in American Express were worth $284,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AXP. DHJJ Financial Advisors Ltd. lifted its position in shares of 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 acquiring an additional 49 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in American Express during the 3rd quarter valued at about $46,000. BNP Paribas bought a new stake in shares of American Express during the first quarter valued at about $40,000. POM Investment Strategies LLC purchased a new stake in shares of American Express in the second quarter worth about $42,000. Finally, Founders Capital Management purchased a new stake in shares of American Express in the second quarter worth about $46,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AXP shares. Evercore ISI boosted their price objective on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research note on Monday, October 7th. Hsbc Global Res downgraded American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Morgan Stanley lifted their price objective on American Express from $248.00 to $252.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Barclays upped their target price on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group lifted their price target on American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $253.09.

American Express Price Performance

Shares of American Express stock opened at $274.14 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66. American Express has a one year low of $143.07 and a one year high of $286.36. The business’s 50 day simple moving average is $265.14 and its two-hundred day simple moving average is $246.71. The stock has a market capitalization of $193.12 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.27 by $0.22. The company had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.30 earnings per share. Analysts forecast that American Express will post 13.14 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a yield of 1.02%. American Express’s dividend payout ratio is presently 20.60%.

Insider Buying and Selling at American Express

In other news, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction that occurred 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 sale, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate 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.