American Express (NYSE:AXP) Shares Purchased by Radnor Capital Management LLC

Radnor Capital Management LLC lifted its position in American Express (NYSE:AXP) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,919 shares of the payment services company’s stock after purchasing an additional 5,045 shares during the quarter. American Express makes up 1.8% of Radnor Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Radnor Capital Management LLC’s holdings in American Express were worth $12,453,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cetera Advisors LLC boosted its position in shares of American Express by 119.6% in the 1st quarter. Cetera Advisors LLC now owns 39,497 shares of the payment services company’s stock valued at $8,993,000 after purchasing an additional 21,508 shares during the period. Empowered Funds LLC lifted its position in American Express by 102.9% during the 1st quarter. Empowered Funds LLC now owns 12,480 shares of the payment services company’s stock worth $2,842,000 after acquiring an additional 6,329 shares during the period. Sciencast Management LP acquired a new stake in American Express during the 1st quarter worth approximately $1,881,000. Oliver Lagore Vanvalin Investment Group lifted its position in American Express by 2,196.4% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 8,244 shares of the payment services company’s stock worth $1,909,000 after acquiring an additional 7,885 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in American Express by 49.0% during the 1st quarter. Lord Abbett & CO. LLC now owns 279,106 shares of the payment services company’s stock worth $63,550,000 after acquiring an additional 91,760 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the sale, the insider now owns 109,691 shares in the company, valued at $29,724,067.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction 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 completion of the transaction, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AXP has been the subject of a number of recent research reports. Evercore ISI increased their price objective on American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. cut American Express from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $268.00 to $286.00 in a research report on Monday, October 7th. Monness Crespi & Hardt increased their price objective on American Express from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Hsbc Global Res cut American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Compass Point assumed coverage on American Express in a report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price target for the company. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $253.09.

American Express Stock Performance

NYSE AXP opened at $276.08 on Wednesday. American Express has a 1-year low of $151.51 and a 1-year high of $286.36. The company has a market capitalization of $194.48 billion, a P/E ratio of 20.31, a PEG ratio of 1.48 and a beta of 1.21. The business has a 50 day moving average price of $266.76 and a 200 day moving average price of $248.34. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.22. The company had revenue of $16.64 billion during the quarter, compared to the consensus estimate of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. American Express’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.30 earnings per share. Sell-side analysts expect that American Express will post 13.41 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, October 4th. American Express’s payout ratio is 20.60%.

American Express Company 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.