Chilton Capital Management LLC Boosts Stake in American Express Company $AXP

Chilton Capital Management LLC lifted its position in American Express Company (NYSE:AXP) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,544 shares of the payment services company’s stock after purchasing an additional 1,936 shares during the quarter. American Express makes up 1.4% of Chilton Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Chilton Capital Management LLC’s holdings in American Express were worth $41,036,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc purchased a new position in shares of American Express during the second quarter worth approximately $26,000. Access Investment Management LLC purchased a new position in American Express during the 2nd quarter worth $26,000. Manning & Napier Advisors LLC purchased a new position in American Express during the 3rd quarter worth $27,000. Halbert Hargrove Global Advisors LLC increased its stake in American Express by 210.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 59 shares during the period. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of American Express in the third quarter valued at about $34,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

AXP has been the topic of a number of research reports. HSBC set a $295.00 price target on American Express and gave the stock a “hold” rating in a report on Friday, October 10th. Wolfe Research assumed coverage on American Express in a research note on Monday, December 8th. They issued a “peer perform” rating on the stock. Morgan Stanley set a $395.00 price target on American Express in a research note on Tuesday, January 20th. Evercore ISI set a $400.00 price objective on shares of American Express in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $425.00 price objective on shares of American Express in a research note on Monday, January 12th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $353.95.

Insider Transactions at American Express

In other American Express news, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the sale, the chief marketing officer directly owned 85,577 shares in the company, valued at approximately $30,825,691.17. The trade was a 36.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $363.30 on Tuesday. The company has a market capitalization of $250.26 billion, a PE ratio of 24.38, a P/E/G ratio of 1.52 and a beta of 1.15. American Express Company has a 52-week low of $220.43 and a 52-week high of $387.49. The company has a 50-day simple moving average of $368.48 and a 200-day simple moving average of $342.91. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last issued its earnings results on Friday, January 30th. The payment services company reported ($11.85) earnings per share for the quarter, missing the consensus estimate of $3.56 by ($15.41). American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. Equities research analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s payout ratio 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.