Farther Finance Advisors LLC Has $4.12 Million Stock Holdings in American Express Company $AXP

Farther Finance Advisors LLC raised its position in American Express Company (NYSE:AXP) by 13.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,403 shares of the payment services company’s stock after buying an additional 1,495 shares during the period. Farther Finance Advisors LLC’s holdings in American Express were worth $4,120,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in American Express in the second quarter worth about $1,897,335,000. Laurel Wealth Advisors LLC boosted its stake in shares of American Express by 31,595.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,742,009 shares of the payment services company’s stock valued at $555,666,000 after purchasing an additional 1,736,513 shares during the last quarter. Geode Capital Management LLC grew its position in shares of American Express by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after buying an additional 1,349,746 shares during the period. Ameriprise Financial Inc. raised its stake in shares of American Express by 26.1% during the second quarter. Ameriprise Financial Inc. now owns 3,125,133 shares of the payment services company’s stock worth $988,676,000 after buying an additional 646,039 shares during the last quarter. Finally, Provident Trust Co. lifted its holdings in American Express by 136.6% in the second quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock valued at $353,740,000 after buying an additional 640,214 shares during the period. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AXP. Wall Street Zen lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Wells Fargo & Company raised their price target on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Evercore ISI upped their price objective on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. UBS Group increased their target price on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, BTIG Research boosted their target price on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $335.55.

American Express Trading Up 0.1%

NYSE AXP opened at $382.75 on Thursday. American Express Company has a one year low of $220.43 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The firm has a market cap of $263.66 billion, a P/E ratio of 25.69, a P/E/G ratio of 1.82 and a beta of 1.14. The stock’s 50-day moving average is $363.32 and its 200-day moving average is $333.00.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 30th. The payment services company reported ($11.85) earnings per share (EPS) for the quarter. The business had revenue of ($17,139.00) million during the quarter. American Express had a net margin of 14.97% and a return on equity of 33.41%. Sell-side analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s dividend payout ratio is currently 22.01%.

Insider Buying and Selling

In other American Express news, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the sale, the insider owned 2,515 shares of the company’s stock, valued at $894,359.15. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Elizabeth Rutledge sold 50,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the sale, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. This trade represents a 36.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,515 shares of company stock worth $20,658,509 over the last ninety days. Company insiders own 0.20% of the company’s stock.

American Express Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.