Mutual of America Capital Management LLC Has $18.76 Million Stock Position in American Express (NYSE:AXP)

Mutual of America Capital Management LLC cut its position in American Express (NYSE:AXP) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,161 shares of the payment services company’s stock after selling 2,501 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Express were worth $18,756,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new stake in shares of American Express in the third quarter valued at about $29,000. DHJJ Financial Advisors Ltd. grew its holdings in American Express by 42.2% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock valued at $38,000 after buying an additional 49 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in American Express in the 2nd quarter valued at approximately $42,000. Founders Capital Management bought a new position in American Express in the 2nd quarter worth approximately $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of American Express during the third quarter worth approximately $46,000. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

American Express stock opened at $286.87 on Friday. The business’s fifty day moving average is $272.31 and its two-hundred day moving average is $251.20. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market cap of $202.09 billion, a P/E ratio of 21.11, a P/E/G ratio of 1.65 and a beta of 1.21. American Express has a 52 week low of $157.97 and a 52 week high of $296.83.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same quarter in the prior year, the company earned $3.30 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, October 4th. American Express’s dividend payout ratio is currently 20.60%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of research reports. TD Cowen boosted their target price on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Barclays increased their target price on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada boosted their price target on American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. downgraded American Express from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $268.00 to $286.00 in a research report on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $253.09.

Insider Buying and Selling

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. This trade represents a 41.09 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by corporate insiders.

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.