Brighton Jones LLC Has $1.41 Million Stock Position in American Express (NYSE:AXP)

Brighton Jones LLC trimmed its stake in shares of American Express (NYSE:AXP) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,208 shares of the payment services company’s stock after selling 93 shares during the quarter. Brighton Jones LLC’s holdings in American Express were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. DHJJ Financial Advisors Ltd. boosted its holdings in shares of American Express by 42.2% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after acquiring an additional 49 shares in the last quarter. BNP Paribas acquired a new position in shares of American Express in the 1st quarter worth approximately $40,000. POM Investment Strategies LLC acquired a new position in shares of American Express in the 2nd quarter worth approximately $42,000. Founders Capital Management acquired a new position in shares of American Express in the 2nd quarter worth approximately $46,000. Finally, Beacon Capital Management LLC boosted its holdings in shares of American Express by 162.1% in the 1st quarter. Beacon Capital Management LLC now owns 228 shares of the payment services company’s stock worth $52,000 after acquiring an additional 141 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays boosted their target price on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday. Morgan Stanley boosted their price objective on shares of American Express from $248.00 to $252.00 and gave the stock an “equal weight” rating in a research report on Monday. 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. Royal Bank of Canada boosted their price objective on shares of American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group boosted 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. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $253.09.

American Express Price Performance

AXP opened at $269.96 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a 12 month low of $141.02 and a 12 month high of $286.36. The company has a fifty day simple moving average of $263.16 and a 200 day simple moving average of $244.92. The stock has a market cap of $194.18 billion, a P/E ratio of 22.24, a P/E/G ratio of 1.50 and a beta of 1.21.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. The business had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.30 EPS. On average, research analysts expect that American Express will post 13.14 EPS for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, October 4th. American Express’s payout ratio is presently 23.06%.

Insider Buying and Selling

In related news, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the transaction, the insider now directly owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

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.