SkyView Investment Advisors LLC Has $544,000 Stake in American Express (NYSE:AXP)

SkyView Investment Advisors LLC raised its stake in shares of American Express (NYSE:AXP) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,350 shares of the payment services company’s stock after buying an additional 256 shares during the period. SkyView Investment Advisors LLC’s holdings in American Express were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AXP. Alphinity Investment Management Pty Ltd acquired a new stake in American Express in the 1st quarter worth approximately $433,709,000. Public Employees Retirement Association of Colorado raised its position in shares of American Express by 924.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock valued at $197,149,000 after purchasing an additional 768,301 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of American Express by 8.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock worth $1,923,399,000 after buying an additional 662,382 shares during the last quarter. M&G Plc bought a new stake in shares of American Express during the 1st quarter worth $114,990,000. Finally, Canada Pension Plan Investment Board grew its stake in American Express by 71.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,164,098 shares of the payment services company’s stock valued at $269,547,000 after buying an additional 486,755 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

American Express stock opened at $271.06 on Friday. The firm has a market capitalization of $194.97 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.48 and a beta of 1.21. The stock has a fifty day moving average price of $251.17 and a two-hundred day moving average price of $238.72. American Express has a 52-week low of $140.91 and a 52-week high of $272.68. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.23. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.60 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 9.2% on a year-over-year basis. During the same period last year, the firm posted $2.89 EPS. As a group, analysts anticipate that American Express will post 13.13 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a yield of 1.03%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of recent analyst reports. BTIG Research assumed coverage on shares of American Express in a report on Friday, June 7th. They set a “neutral” rating for the company. Monness Crespi & Hardt increased their target price on American Express from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Citigroup assumed coverage on American Express in a report on Monday, June 10th. They issued a “neutral” rating and a $250.00 target price on the stock. Compass Point assumed coverage on American Express in a report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 price target for the company. Finally, Bank of America raised their price objective on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $230.78.

About American Express

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.