American Express (NYSE:AXP) is Radnor Capital Management LLC’s 8th Largest Position

Radnor Capital Management LLC boosted its stake in shares of American Express (NYSE:AXP) by 12.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,919 shares of the payment services company’s stock after acquiring an additional 5,045 shares during the quarter. American Express accounts for 1.8% of Radnor Capital Management LLC’s holdings, making the stock its 8th largest position. Radnor Capital Management LLC’s holdings in American Express were worth $12,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. increased its position in shares of American Express by 42.2% in the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock valued at $38,000 after buying an additional 49 shares in the last quarter. POM Investment Strategies LLC purchased a new stake in shares of American Express during the second quarter worth approximately $42,000. Founders Capital Management purchased a new stake in shares of American Express during the second quarter worth approximately $46,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of American Express during the third quarter worth approximately $46,000. Finally, Beacon Capital Management LLC increased its position in shares of American Express by 162.1% during the first quarter. Beacon Capital Management LLC now owns 228 shares of the payment services company’s stock worth $52,000 after purchasing an additional 141 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American Express news, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the sale, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other American Express news, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the sale, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AXP. Monness Crespi & Hardt boosted their price target on American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. HSBC cut American Express from a “buy” rating to a “hold” rating and boosted their price target for the stock from $265.00 to $270.00 in a research report on Tuesday, October 8th. TD Cowen boosted their price target on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Morgan Stanley boosted their price objective on American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Four 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $253.09.

American Express Price Performance

AXP stock opened at $276.08 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $194.48 billion, a PE ratio of 20.31, a P/E/G ratio of 1.48 and a beta of 1.21. American Express has a 12-month low of $151.51 and a 12-month high of $286.36. The business’s fifty day moving average price is $266.76 and its 200 day moving average price is $248.34.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. The firm had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.30 EPS. On average, sell-side analysts anticipate that American Express will post 13.41 EPS for the current 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 1.01%. American Express’s dividend payout ratio (DPR) is 20.60%.

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.