Foundations Investment Advisors LLC Has $4.72 Million Position in American Express (NYSE:AXP)

Foundations Investment Advisors LLC grew its stake in American Express (NYSE:AXP) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,912 shares of the payment services company’s stock after buying an additional 456 shares during the quarter. Foundations Investment Advisors LLC’s holdings in American Express were worth $4,723,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Prospera Private Wealth LLC bought a new position in American Express during the 3rd quarter worth about $27,000. Kennebec Savings Bank acquired a new position in shares of American Express during the third quarter worth about $29,000. True Wealth Design LLC grew its holdings in shares of American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after buying an additional 83 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in American Express in the 3rd quarter valued at approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in American Express in the 3rd quarter valued at approximately $46,000. Institutional investors own 84.33% of the company’s stock.

American Express Trading Down 1.6 %

Shares of NYSE:AXP opened at $316.23 on Tuesday. The company has a market capitalization of $222.77 billion, a P/E ratio of 23.27, a P/E/G ratio of 1.51 and a beta of 1.23. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The business’s 50 day simple moving average is $302.35 and its 200 day simple moving average is $275.17. American Express has a 1 year low of $199.07 and a 1 year high of $326.27.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. On average, research analysts anticipate that American Express will post 13.4 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Insider Buying and Selling

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AXP. BTIG Research raised their target price on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research report on Friday. UBS Group boosted their target price on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Barclays upped their target price on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Royal Bank of Canada lifted their price target on American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday. Finally, The Goldman Sachs Group upped their price objective on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus target price of $288.32.

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.