Cadent Capital Advisors LLC Has $750,000 Holdings in American Express (NYSE:AXP)

Cadent Capital Advisors LLC lifted its position in shares of American Express (NYSE:AXP) by 28.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,767 shares of the payment services company’s stock after purchasing an additional 606 shares during the quarter. Cadent Capital Advisors LLC’s holdings in American Express were worth $750,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Alphinity Investment Management Pty Ltd bought a new position in shares of American Express in the first quarter valued at $433,709,000. Public Employees Retirement Association of Colorado lifted its position in American Express by 924.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock valued at $197,149,000 after acquiring an additional 768,301 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in American Express by 8.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock valued at $1,923,399,000 after purchasing an additional 662,382 shares during the last quarter. M&G Plc bought a new stake in American Express during the 1st quarter worth approximately $114,990,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of American Express by 71.9% in the second quarter. Canada Pension Plan Investment Board now owns 1,164,098 shares of the payment services company’s stock valued at $269,547,000 after purchasing an additional 486,755 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AXP shares. BTIG Research downgraded American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target for the company. in a report on Tuesday, October 8th. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Compass Point initiated coverage on shares of American Express in a research report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 price target on the stock. Jefferies Financial Group upped their price objective on shares of American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. Finally, The Goldman Sachs Group lifted their target price on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $242.33.

American Express Stock Performance

NYSE AXP opened at $276.79 on Friday. The firm has a market cap of $199.10 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. The company’s 50 day moving average is $261.27 and its 200-day moving average is $243.90. American Express has a 12-month low of $140.91 and a 12-month high of $286.36.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. American Express had a net margin of 15.53% and a return on equity of 32.94%. The business had revenue of $16.64 billion for the quarter, compared to analysts’ expectations of $16.68 billion. During the same quarter in the previous year, the firm posted $3.30 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts predict that American Express will post 13.14 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.01%. American Express’s dividend payout ratio is currently 23.06%.

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.