Kavar Capital Partners Group LLC Has $789,000 Stock Holdings in American Express (NYSE:AXP)

Kavar Capital Partners Group LLC boosted its holdings in shares of American Express (NYSE:AXP) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,909 shares of the payment services company’s stock after buying an additional 42 shares during the period. Kavar Capital Partners Group LLC’s holdings in American Express were worth $789,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Alphinity Investment Management Pty Ltd purchased a new stake in shares of American Express in the first quarter valued at about $433,709,000. International Assets Investment Management LLC raised its holdings in shares of American Express by 26,783.5% in the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after purchasing an additional 906,353 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of American Express by 924.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock valued at $197,149,000 after purchasing an additional 768,301 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of American Express by 59,816.0% in the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after purchasing an additional 681,304 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of American Express by 8.5% in the first 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 during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AXP. Keefe, Bruyette & Woods increased their target price on shares of American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, July 8th. TD Cowen increased their price target on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Evercore ISI increased their price target on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research report on Monday, October 7th. Wells Fargo & Company increased their price target on shares of American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Barclays increased their price target on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $253.09.

American Express Price Performance

AXP stock opened at $267.35 on Friday. The firm has a 50 day moving average of $263.88 and a 200-day moving average of $245.57. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a 12 month low of $141.02 and a 12 month high of $286.36. The firm has a market capitalization of $192.31 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. During the same period last year, the business earned $3.30 earnings per share. American Express’s revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts predict that American Express will post 13.14 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.05%. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Insider Activity

In related news, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the sale, the insider now directly owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.12% of the stock is owned by company insiders.

American Express 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.