American Express (NYSE:AXP) Shares Purchased by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. boosted its position in shares of American Express (NYSE:AXP) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,627 shares of the payment services company’s stock after buying an additional 178 shares during the quarter. Great Lakes Retirement Inc.’s holdings in American Express were worth $2,882,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its position in American Express by 46.3% during the first quarter. Sound Income Strategies LLC now owns 496 shares of the payment services company’s stock worth $113,000 after purchasing an additional 157 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in shares of American Express by 109.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,873 shares of the payment services company’s stock valued at $882,000 after buying an additional 2,020 shares in the last quarter. Atlas Capital Advisors LLC grew its stake in American Express by 22.2% in the 1st quarter. Atlas Capital Advisors LLC now owns 286 shares of the payment services company’s stock valued at $65,000 after acquiring an additional 52 shares during the period. Sunbelt Securities Inc. increased its holdings in American Express by 37.2% in the 1st quarter. Sunbelt Securities Inc. now owns 1,943 shares of the payment services company’s stock worth $442,000 after acquiring an additional 527 shares in the last quarter. Finally, Sovereign Financial Group Inc. raised its position in American Express by 7.7% during the first quarter. Sovereign Financial Group Inc. now owns 1,487 shares of the payment services company’s stock worth $339,000 after acquiring an additional 106 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Bank of America boosted their price objective on American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. TD Cowen lifted their price target on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday. Royal Bank of Canada increased their price objective on American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group raised their price objective on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $244.58.

American Express Trading Down 0.4 %

Shares of AXP stock opened at $271.22 on Thursday. American Express has a 1-year low of $141.02 and a 1-year high of $286.36. The firm has a market cap of $195.09 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. The company has a 50-day moving average of $263.16 and a two-hundred day moving average of $244.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. The firm had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $3.30 EPS. On average, analysts predict that American Express will post 13.14 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.03%. American Express’s dividend payout ratio is presently 23.06%.

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.