Chapman Investment Management LLC Acquires 240 Shares of American Express (NYSE:AXP)

Chapman Investment Management LLC increased its stake in American Express (NYSE:AXP) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,381 shares of the payment services company’s stock after purchasing an additional 240 shares during the quarter. American Express comprises about 4.2% of Chapman Investment Management LLC’s portfolio, making the stock its 10th biggest holding. Chapman Investment Management LLC’s holdings in American Express were worth $5,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. DHJJ Financial Advisors Ltd. raised its stake in shares of American Express by 42.2% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after buying an additional 49 shares in the last quarter. BNP Paribas acquired a new stake in American Express in the 1st quarter valued at about $40,000. POM Investment Strategies LLC bought a new position in shares of American Express during the 2nd quarter valued at about $42,000. Founders Capital Management acquired a new position in shares of American Express in the 2nd quarter worth approximately $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of American Express in the 3rd quarter worth approximately $46,000. Institutional investors own 84.33% of the company’s stock.

Insider Activity

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $272.69 on Friday. The firm has a market cap of $192.10 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.21. The company’s fifty day moving average is $266.02 and its 200-day moving average is $247.24. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 12 month low of $148.33 and a 12 month high of $286.36.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.22. The company had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $3.30 earnings per share. Equities analysts expect that American Express will post 13.41 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders 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 annualized dividend and a yield of 1.03%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Wall Street Analyst Weigh In

Several research firms have issued reports on AXP. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. cut American Express from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $268.00 to $286.00 in a report on Monday, October 7th. Compass Point assumed coverage on American Express in a report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 target price for the company. The Goldman Sachs Group lifted their price target on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average price target of $253.09.

About American Express

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.