Mowery & Schoenfeld Wealth Management LLC Takes $46,000 Position in American Express (NYSE:AXP)

Mowery & Schoenfeld Wealth Management LLC acquired a new stake in American Express (NYSE:AXP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 170 shares of the payment services company’s stock, valued at approximately $46,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AXP. DHJJ Financial Advisors Ltd. increased its stake in shares of American Express by 42.2% in the second 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 period. BNP Paribas acquired a new stake in shares of American Express during the first quarter worth $40,000. POM Investment Strategies LLC bought a new position in American Express during the second quarter worth $42,000. Founders Capital Management acquired a new position in American Express in the second quarter valued at $46,000. Finally, Sachetta LLC boosted its position in American Express by 34.0% during the second quarter. Sachetta LLC now owns 205 shares of the payment services company’s stock valued at $52,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AXP shares. The Goldman Sachs Group lifted their price objective on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Wells Fargo & Company boosted their price target on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Royal Bank of Canada raised their price objective on shares of American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Monness Crespi & Hardt boosted 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. Finally, Bank of America raised their price target on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $244.58.

American Express Stock Down 0.7 %

Shares of AXP traded down $1.84 during trading hours on Thursday, reaching $269.39. 895,152 shares of the stock traded hands, compared to its average volume of 2,919,670. American Express has a 52 week low of $141.02 and a 52 week high of $286.36. The company has a market cap of $193.77 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.50 and a beta of 1.21. The stock has a fifty day simple moving average of $263.16 and a 200 day simple moving average of $244.92. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.27 by $0.22. The firm had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $3.30 EPS. On average, equities analysts forecast that American Express will post 13.14 EPS for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be paid a $0.70 dividend. The ex-dividend date is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a yield of 1.04%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

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.