Farther Finance Advisors LLC Has $4.12 Million Holdings in American Express Company $AXP

Farther Finance Advisors LLC grew its stake in American Express Company (NYSE:AXP) by 13.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,403 shares of the payment services company’s stock after purchasing an additional 1,495 shares during the period. Farther Finance Advisors LLC’s holdings in American Express were worth $4,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Briaud Financial Planning Inc acquired a new stake in American Express during the second quarter worth about $26,000. Access Investment Management LLC acquired a new position in American Express in the 2nd quarter valued at approximately $26,000. 1 North Wealth Services LLC bought a new stake in shares of American Express in the 1st quarter worth approximately $37,000. Chung Wu Investment Group LLC acquired a new stake in shares of American Express during the 2nd quarter worth approximately $37,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of American Express during the 2nd quarter worth approximately $38,000. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In related news, insider Denise Pickett sold 5,000 shares of American Express stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the completion of the transaction, the insider directly owned 7,726 shares of the company’s stock, valued at $2,709,739.98. The trade was a 39.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas Tabish sold 2,515 shares of the stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total transaction of $894,359.15. Following the sale, the insider directly owned 2,515 shares in the company, valued at approximately $894,359.15. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 57,515 shares of company stock worth $20,658,509. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on AXP shares. DZ Bank upgraded American Express from a “sell” rating to a “hold” rating and set a $340.00 target price for the company in a research note on Tuesday, October 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Monday. BTIG Research increased their price objective on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a research note on Friday, October 17th. UBS Group raised their price objective on shares of American Express from $330.00 to $340.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Finally, Evercore ISI upped their target price on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell 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 $335.55.

American Express Stock Up 0.1%

AXP opened at $382.75 on Thursday. The firm has a market cap of $263.66 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 1.82 and a beta of 1.14. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.59 and a current ratio of 1.61. The firm’s 50-day simple moving average is $363.32 and its 200-day simple moving average is $333.00. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 30th. The payment services company reported ($11.85) EPS for the quarter. The firm had revenue of ($17,139.00) million during the quarter. American Express had a net margin of 14.97% and a return on equity of 33.41%. Equities research analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. American Express’s dividend payout ratio (DPR) is currently 22.01%.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.