Narus Financial Partners LLC Has $226,000 Holdings in American Express (NYSE:AXP)

Narus Financial Partners LLC lessened its holdings in American Express (NYSE:AXP) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 833 shares of the payment services company’s stock after selling 100 shares during the period. Narus Financial Partners LLC’s holdings in American Express were worth $226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AXP. Sovereign Financial Group Inc. boosted its position in shares of American Express by 2.7% during the third quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company’s stock worth $398,000 after purchasing an additional 38 shares in the last quarter. Legacy Financial Strategies LLC boosted its position in shares of American Express by 2.5% during the third quarter. Legacy Financial Strategies LLC now owns 1,632 shares of the payment services company’s stock worth $443,000 after purchasing an additional 40 shares in the last quarter. Sawgrass Asset Management LLC boosted 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 purchasing an additional 41 shares in the last quarter. Davis Investment Partners LLC lifted its position in American Express by 0.5% in the 3rd quarter. Davis Investment Partners LLC now owns 8,011 shares of the payment services company’s stock valued at $2,170,000 after acquiring an additional 42 shares in the last quarter. Finally, Ignite Planners LLC lifted its position in American Express by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 4,682 shares of the payment services company’s stock valued at $1,103,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $276.79 on Monday. The company has a market capitalization of $199.10 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.50 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66. The company has a 50-day simple moving average of $261.27 and a 200 day simple moving average of $244.02. American Express has a 52 week low of $140.91 and a 52 week high of $286.36.

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

American Express Dividend Announcement

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 issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, October 4th. American Express’s dividend payout ratio is currently 23.06%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AXP shares. Evercore ISI boosted their price objective on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research report on Monday, October 7th. Compass Point started coverage on shares of American Express in a research report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price objective on the stock. Hsbc Global Res cut shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Finally, Morgan Stanley boosted their price objective on shares of American Express from $226.00 to $248.00 and gave the company an “equal weight” rating in a research report on Monday, October 14th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $242.33.

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.