J. W. Coons Advisors LLC Grows Stock Holdings in American Express (NYSE:AXP)

J. W. Coons Advisors LLC grew its stake in shares of American Express (NYSE:AXPFree Report) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,142 shares of the payment services company’s stock after acquiring an additional 175 shares during the period. J. W. Coons Advisors LLC’s holdings in American Express were worth $776,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AXP. Northern Trust Corp grew its holdings in American Express by 0.6% during the 3rd quarter. Northern Trust Corp now owns 6,953,460 shares of the payment services company’s stock valued at $1,037,387,000 after buying an additional 41,443 shares in the last quarter. Norges Bank bought a new stake in American Express during the 4th quarter worth approximately $1,112,747,000. Artisan Partners Limited Partnership increased its holdings in American Express by 11.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,855,211 shares of the payment services company’s stock worth $909,575,000 after acquiring an additional 496,153 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in American Express by 21.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,839,276 shares of the payment services company’s stock worth $713,202,000 after purchasing an additional 667,695 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in American Express by 62.1% in the 4th quarter. TD Asset Management Inc now owns 2,399,494 shares of the payment services company’s stock valued at $449,521,000 after purchasing an additional 919,337 shares during the period. 84.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of American Express from $253.00 to $263.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. BMO Capital Markets upped their target price on American Express from $167.00 to $175.00 and gave the stock an “underperform” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. lifted their price target on American Express from $214.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Oppenheimer restated an “outperform” rating on shares of American Express in a research report on Friday, April 5th. Finally, BTIG Research began coverage on shares of American Express in a research note on Friday. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, American Express currently has an average rating of “Hold” and an average price target of $215.50.

Get Our Latest Stock Analysis on AXP

American Express Stock Down 0.3 %

Shares of NYSE AXP opened at $232.67 on Friday. The company has a market cap of $167.36 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.33 and a beta of 1.22. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.70. The firm’s fifty day moving average is $232.59 and its 200 day moving average is $209.44. American Express has a 52 week low of $140.91 and a 52 week high of $244.41.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.97 by $0.36. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.79 billion. American Express had a net margin of 14.50% and a return on equity of 32.46%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.40 earnings per share. On average, equities research analysts expect that American Express will post 13.01 earnings per share for the current year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, July 5th. This is an increase from American Express’s previous quarterly dividend of $0.10. American Express’s dividend payout ratio is currently 23.06%.

Insider Buying and Selling

In other American Express news, insider Anna Marrs sold 3,592 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $230.93, for a total transaction of $829,500.56. Following the transaction, the insider now directly owns 19,932 shares of the company’s stock, valued at approximately $4,602,896.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other American Express news, insider Anna Marrs sold 3,592 shares of American Express stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $230.93, for a total transaction of $829,500.56. Following the sale, the insider now directly owns 19,932 shares of the company’s stock, valued at approximately $4,602,896.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Skyler sold 14,802 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $241.73, for a total value of $3,578,087.46. Following the transaction, the insider now owns 16,371 shares in the company, valued at approximately $3,957,361.83. The disclosure for this sale can be found here. Insiders sold 177,717 shares of company stock valued at $41,680,999 over the last quarter. 0.12% of the stock is owned by company insiders.

American Express Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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