Landscape Capital Management L.L.C. Takes Position in American Express (NYSE:AXP)

Landscape Capital Management L.L.C. purchased a new position in shares of American Express (NYSE:AXP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,334 shares of the payment services company’s stock, valued at approximately $1,175,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners grew its holdings in shares of American Express by 22.2% during the 1st quarter. Boston Partners now owns 2,129,175 shares of the payment services company’s stock valued at $485,525,000 after acquiring an additional 387,166 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in American Express by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,682,959 shares of the payment services company’s stock valued at $456,418,000 after purchasing an additional 7,676 shares in the last quarter. Smead Capital Management Inc. increased its position in American Express by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 1,629,480 shares of the payment services company’s stock worth $441,915,000 after purchasing an additional 54,958 shares during the last quarter. abrdn plc raised its stake in shares of American Express by 2.2% during the 3rd quarter. abrdn plc now owns 1,270,814 shares of the payment services company’s stock worth $343,437,000 after purchasing an additional 27,859 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of American Express by 2.0% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,220,422 shares of the payment services company’s stock valued at $282,589,000 after buying an additional 23,487 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction that occurred on 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 directly owns 111,656 shares of the company’s stock, valued at $30,176,150.56. The trade was a 41.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This represents a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

AXP has been the topic of a number of research reports. HSBC downgraded American Express from a “buy” rating to a “hold” rating and increased their price objective for the stock from $265.00 to $270.00 in a report on Tuesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Morgan Stanley upped their price objective on shares of American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Bank of America raised their target price on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, Wells Fargo & Company upped their price target on American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average price target of $253.09.

American Express Trading Up 2.8 %

Shares of AXP stock opened at $301.21 on Friday. 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 fifty day moving average of $276.08 and a 200-day moving average of $253.10. American Express has a 52-week low of $163.32 and a 52-week high of $301.92. The stock has a market cap of $212.19 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.63 and a beta of 1.21.

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

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, October 4th. American Express’s dividend payout ratio (DPR) 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.