American Express (NYSE:AXP) Stock Holdings Boosted by Chris Bulman Inc

Chris Bulman Inc raised its position in shares of American Express (NYSE:AXP) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 772 shares of the payment services company’s stock after purchasing an additional 84 shares during the quarter. Chris Bulman Inc’s holdings in American Express were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in American Express by 8.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock valued at $1,923,399,000 after purchasing an additional 662,382 shares in the last quarter. TD Asset Management Inc boosted its stake in American Express by 8.2% during the 1st quarter. TD Asset Management Inc now owns 2,595,370 shares of the payment services company’s stock valued at $590,940,000 after purchasing an additional 195,876 shares in the last quarter. Boston Partners boosted its stake in American Express by 22.2% during the 1st quarter. Boston Partners now owns 2,129,175 shares of the payment services company’s stock valued at $485,525,000 after purchasing an additional 387,166 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new position in American Express during the 1st quarter valued at $433,709,000. Finally, Nordea Investment Management AB boosted its stake in American Express by 14.2% during the 1st quarter. Nordea Investment Management AB now owns 1,798,742 shares of the payment services company’s stock valued at $408,494,000 after purchasing an additional 224,079 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

NYSE AXP opened at $271.79 on Wednesday. American Express has a fifty-two week low of $141.02 and a fifty-two week high of $286.36. The stock’s 50-day moving average is $262.61 and its two-hundred day moving average is $244.73. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $195.50 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21.

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. American Express had a return on equity of 32.94% and a net margin of 15.53%. The company had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. During the same period last year, the company earned $3.30 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, analysts anticipate that American Express will post 13.14 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently announced 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 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 currently 23.06%.

Analyst Ratings Changes

AXP has been the subject of several research reports. TD Cowen raised their price objective on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday. Keefe, Bruyette & Woods raised their price objective on American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. Barclays raised their price objective on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research note on Monday. Wells Fargo & Company raised their price objective on American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group raised their price objective on American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $244.58.

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.