Foundations Investment Advisors LLC Increases Stock Position in American Express Company $AXP

Foundations Investment Advisors LLC grew its holdings in American Express Company (NYSE:AXP) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,544 shares of the payment services company’s stock after purchasing an additional 2,925 shares during the quarter. Foundations Investment Advisors LLC’s holdings in American Express were worth $7,156,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AXP. Manning & Napier Advisors LLC purchased a new position in American Express during the third quarter worth $27,000. Access Investment Management LLC purchased a new stake in American Express during the 2nd quarter worth about $26,000. Briaud Financial Planning Inc acquired a new position in American Express in the 2nd quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC lifted its holdings in American Express by 210.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 59 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of American Express during the 3rd quarter worth about $34,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AXP shares. TD Cowen reissued a “hold” rating on shares of American Express in a research report on Thursday, January 8th. UBS Group set a $385.00 target price on shares of American Express in a research note on Monday, January 12th. BTIG Research reissued a “sell” rating and set a $328.00 price target on shares of American Express in a research note on Monday, January 12th. Compass Point restated a “neutral” rating and set a $324.00 price objective on shares of American Express in a report on Monday, October 20th. Finally, Barclays lifted their price objective on American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $353.95.

American Express Stock Up 0.3%

Shares of American Express stock opened at $358.09 on Friday. The business has a 50-day moving average price of $369.39 and a 200 day moving average price of $343.39. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $387.49. The firm has a market cap of $246.67 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last issued its earnings results on Friday, January 30th. The payment services company reported ($11.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($15.41). The business had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%. On average, sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be paid a $0.82 dividend. 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 payout ratio is currently 22.01%.

About American Express

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.