Confluence Wealth Services Inc. Has $746,000 Position in American Express (NYSE:AXP)

Confluence Wealth Services Inc. raised its position in American Express (NYSE:AXP) by 2.0% in the third quarter, HoldingsChannel.com reports. The fund owned 4,997 shares of the payment services company’s stock after purchasing an additional 100 shares during the quarter. Confluence Wealth Services Inc.’s holdings in American Express were worth $746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in AXP. RB Capital Management LLC raised its position in shares of American Express by 5.3% in the first quarter. RB Capital Management LLC now owns 3,783 shares of the payment services company’s stock valued at $707,000 after purchasing an additional 190 shares during the period. Roundview Capital LLC raised its position in shares of American Express by 0.4% in the first quarter. Roundview Capital LLC now owns 27,029 shares of the payment services company’s stock valued at $5,054,000 after purchasing an additional 105 shares during the period. Zions Bancorporation N.A. raised its position in shares of American Express by 5.6% in the first quarter. Zions Bancorporation N.A. now owns 1,421 shares of the payment services company’s stock valued at $266,000 after purchasing an additional 75 shares during the period. Covestor Ltd raised its position in shares of American Express by 207.1% in the first quarter. Covestor Ltd now owns 946 shares of the payment services company’s stock valued at $177,000 after purchasing an additional 638 shares during the period. Finally, Donaldson Capital Management LLC bought a new position in shares of American Express in the first quarter valued at about $397,000. Institutional investors and hedge funds own 83.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AXP. HSBC initiated coverage on shares of American Express in a research report on Friday, October 13th. They issued a “buy” rating and a $181.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of American Express in a research report on Wednesday, January 10th. They set a “buy” rating and a $235.00 price target on the stock. Stephens raised shares of American Express from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $148.00 to $193.00 in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and raised their target price for the company from $167.00 to $205.00 in a report on Thursday, January 4th. Finally, Morgan Stanley decreased their target price on shares of American Express from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Monday, October 23rd. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, American Express has a consensus rating of “Hold” and an average price target of $178.21.

View Our Latest Stock Analysis on American Express

American Express Stock Up 0.0 %

NYSE:AXP opened at $181.00 on Thursday. The firm’s 50 day simple moving average is $174.89 and its 200 day simple moving average is $164.62. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.60 and a quick ratio of 1.60. American Express has a one year low of $140.91 and a one year high of $189.51. The company has a market cap of $131.91 billion, a PE ratio of 16.98, a P/E/G ratio of 1.03 and a beta of 1.22.

American Express (NYSE:AXPGet Free Report) last released its quarterly earnings results on Friday, October 20th. The payment services company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.34. American Express had a net margin of 13.61% and a return on equity of 30.60%. The firm had revenue of $15.38 billion during the quarter, compared to analyst estimates of $15.36 billion. During the same quarter last year, the business earned $2.47 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. On average, research analysts anticipate that American Express will post 11.24 earnings per share for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.40 annualized dividend and a yield of 1.33%. American Express’s payout ratio is 22.51%.

Insiders Place Their Bets

In other American Express news, Vice Chairman Jeffrey C. Campbell sold 21,008 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $168.33, for a total transaction of $3,536,276.64. Following the completion of the transaction, the insider now owns 125,646 shares in the company, valued at approximately $21,149,991.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Walter Joseph Clayton III acquired 1,000 shares of the stock in a transaction dated Tuesday, October 24th. The stock was bought at an average price of $143.93 per share, for a total transaction of $143,930.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $287,860. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jeffrey C. Campbell sold 21,008 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $168.33, for a total transaction of $3,536,276.64. Following the sale, the insider now owns 125,646 shares of the company’s stock, valued at approximately $21,149,991.18. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

About American Express

(Free Report)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

See Also

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXPFree Report).

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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