Vanguard Personalized Indexing Management LLC Has $27.90 Million Stake in American Express Company $AXP

Vanguard Personalized Indexing Management LLC grew its holdings in shares of American Express Company (NYSE:AXP) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,981 shares of the payment services company’s stock after acquiring an additional 2,204 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American Express were worth $27,896,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Gratus Wealth Advisors LLC grew its stake in American Express by 0.8% during the third quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock worth $1,233,000 after purchasing an additional 28 shares during the period. McGlone Suttner Wealth Management Inc. lifted its stake in American Express by 1.0% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock valued at $967,000 after buying an additional 29 shares during the period. Walkner Condon Financial Advisors LLC boosted its holdings in shares of American Express by 2.1% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,378 shares of the payment services company’s stock worth $458,000 after buying an additional 29 shares in the last quarter. Sandy Cove Advisors LLC grew its position in shares of American Express by 2.1% during the 3rd quarter. Sandy Cove Advisors LLC now owns 1,462 shares of the payment services company’s stock worth $485,000 after buying an additional 30 shares during the period. Finally, Bath Savings Trust Co increased its stake in shares of American Express by 1.1% in the 3rd quarter. Bath Savings Trust Co now owns 2,922 shares of the payment services company’s stock valued at $971,000 after acquiring an additional 31 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

Shares of NYSE:AXP opened at $361.76 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The stock has a market cap of $249.20 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.52 and a beta of 1.15. The stock’s fifty day simple moving average is $368.05 and its two-hundred day simple moving average is $342.64. American Express Company has a 1-year low of $220.43 and a 1-year high of $387.49.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 30th. The payment services company reported ($11.85) EPS for the quarter, missing the consensus estimate of $3.56 by ($15.41). American Express had a net margin of 14.97% and a return on equity of 33.41%. The firm had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. As a group, analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s payout ratio is presently 22.01%.

Analyst Upgrades and Downgrades

AXP has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $420.00 target price on shares of American Express in a research note on Tuesday, January 6th. Credit Suisse Group set a $328.00 price objective on shares of American Express in a research report on Monday, January 12th. Barclays boosted their target price on American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Wells Fargo & Company upped their price target on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. raised their price objective on American Express from $360.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $353.95.

Insider Activity

In related news, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the completion of the sale, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at approximately $30,825,691.17. This trade represents a 36.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.