DRW Securities LLC Has $382,000 Holdings in American Express (NYSE:AXP)

DRW Securities LLC trimmed its position in shares of American Express (NYSE:AXP) by 91.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,412 shares of the payment services company’s stock after selling 14,884 shares during the period. DRW Securities LLC’s holdings in American Express were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. grew its position in American Express by 2.7% in the 3rd quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company’s stock valued at $398,000 after purchasing an additional 38 shares during the period. Legacy Financial Strategies LLC lifted its stake in shares of American Express by 2.5% in the third quarter. Legacy Financial Strategies LLC now owns 1,632 shares of the payment services company’s stock valued at $443,000 after buying an additional 40 shares in the last quarter. Concord Wealth Partners grew its holdings in shares of American Express by 10.5% during the third quarter. Concord Wealth Partners now owns 422 shares of the payment services company’s stock valued at $114,000 after buying an additional 40 shares during the last quarter. Sawgrass Asset Management LLC increased its position in shares of American Express by 0.4% during the second quarter. Sawgrass Asset Management LLC now owns 10,384 shares of the payment services company’s stock worth $2,404,000 after acquiring an additional 41 shares in the last quarter. Finally, Godsey & Gibb Inc. raised its holdings in shares of American Express by 3.5% in the 3rd quarter. Godsey & Gibb Inc. now owns 1,227 shares of the payment services company’s stock worth $333,000 after acquiring an additional 41 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Evercore ISI boosted their price objective on American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a report on Monday, October 7th. The Goldman Sachs Group upped their price target on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 7th. BTIG Research cut American Express from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a research note on Tuesday, October 8th. Wells Fargo & Company lifted 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. Finally, HSBC downgraded shares of American Express from a “buy” rating to a “hold” rating and increased their target price for the company from $265.00 to $270.00 in a report on Tuesday, October 8th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Express currently has a consensus rating of “Hold” and a consensus target price of $253.09.

American Express Stock Up 0.1 %

AXP opened at $305.60 on Wednesday. American Express has a 12 month low of $163.32 and a 12 month high of $306.97. The company has a market cap of $215.28 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a 50 day moving average of $277.77 and a 200 day moving average of $254.26.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.22. The company had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.30 earnings per share. On average, sell-side analysts expect that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 4th were given a $0.70 dividend. The ex-dividend date was Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.92%. American Express’s dividend payout ratio (DPR) is currently 20.60%.

Insider Activity at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express 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 sale, the insider now owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total value of $21,049,740.62. Following the transaction, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. The trade was a 41.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

American Express 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.