Pathstone Holdings LLC Has $30.71 Million Holdings in American Express (NYSE:AXP)

Pathstone Holdings LLC lifted its position in shares of American Express (NYSE:AXP) by 0.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,245 shares of the payment services company’s stock after purchasing an additional 270 shares during the quarter. Pathstone Holdings LLC’s holdings in American Express were worth $30,712,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AXP. Aviance Capital Partners LLC grew its holdings in shares of American Express by 1.1% during the third quarter. Aviance Capital Partners LLC now owns 14,590 shares of the payment services company’s stock valued at $3,956,000 after buying an additional 153 shares during the last quarter. Baron Wealth Management LLC bought a new position in American Express in the 3rd quarter valued at about $212,000. Meeder Advisory Services Inc. boosted its stake in American Express by 3.1% during the 3rd quarter. Meeder Advisory Services Inc. now owns 13,499 shares of the payment services company’s stock valued at $3,661,000 after purchasing an additional 400 shares during the last quarter. CAP Partners LLC bought a new stake in American Express during the 3rd quarter worth approximately $205,000. Finally, Cassaday & Co Wealth Management LLC raised its stake in shares of American Express by 9.0% in the third quarter. Cassaday & Co Wealth Management LLC now owns 1,833 shares of the payment services company’s stock worth $497,000 after purchasing an additional 152 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction on 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 directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. The trade was a 41.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

American Express Stock Performance

NYSE AXP opened at $285.54 on Tuesday. The firm has a market cap of $201.15 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The company’s 50 day moving average is $273.01 and its 200-day moving average is $251.72. American Express has a 12-month low of $161.73 and a 12-month high of $296.83.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business had revenue of $16.64 billion for the quarter, compared to analysts’ expectations of $16.68 billion. During the same quarter in the previous year, the firm posted $3.30 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts predict that American Express will post 13.47 earnings per share for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 0.98%. American Express’s dividend payout ratio is currently 20.60%.

Analysts Set New Price Targets

AXP has been the subject of several recent research reports. HSBC downgraded American Express from a “buy” rating to a “hold” rating and upped their price target for the stock from $265.00 to $270.00 in a report on Tuesday, October 8th. BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price for the company. in a research note on Tuesday, October 8th. Bank of America raised their price target on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Morgan Stanley upped their price objective on shares of American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Monness Crespi & Hardt lifted their target price on shares of American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $253.09.

American Express Company 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.