Bank Hapoalim BM Has $753,000 Position in American Express (NYSE:AXP)

Bank Hapoalim BM decreased its position in shares of American Express (NYSE:AXP) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,778 shares of the payment services company’s stock after selling 92 shares during the quarter. Bank Hapoalim BM’s holdings in American Express were worth $753,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in 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 acquiring an additional 662,382 shares during the last quarter. TD Asset Management Inc lifted its position 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 during the period. Boston Partners boosted its stake in shares of American Express by 22.2% in 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 during the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in shares of American Express during the 1st quarter worth approximately $433,709,000. Finally, Nordea Investment Management AB lifted its holdings in American Express by 14.2% in the first quarter. Nordea Investment Management AB now owns 1,798,742 shares of the payment services company’s stock valued at $408,494,000 after buying an additional 224,079 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AXP. Monness Crespi & Hardt upped their target price on shares of American Express from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 14th. The Goldman Sachs Group lifted their price target on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Bank of America upped their price objective on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. TD Cowen lifted their target price on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Finally, Evercore ISI boosted their target price on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $253.09.

American Express Stock Down 0.4 %

NYSE AXP traded down $1.08 during trading hours on Thursday, hitting $273.00. 111,608 shares of the company traded hands, compared to its average volume of 2,907,442. The stock has a market capitalization of $192.31 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.50 and a beta of 1.21. American Express has a twelve month low of $143.07 and a twelve month high of $286.36. The business’s 50-day moving average is $265.14 and its 200-day moving average is $246.71. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66.

American Express (NYSE:AXP) last released 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 net margin of 15.53% and a return on equity of 32.94%. The business had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. During the same period last year, the business earned $3.30 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Sell-side analysts anticipate that American Express will post 13.14 earnings per share for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be paid a $0.70 dividend. The ex-dividend date of this dividend 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 20.60%.

Insider Buying and Selling

In related news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the transaction, the insider now directly owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

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.