Dynasty Wealth Management LLC acquired a new position in shares of American Express (NYSE:AXP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,855 shares of the payment services company’s stock, valued at approximately $304,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Destination Wealth Management boosted its holdings in American Express by 165.4% during the 2nd quarter. Destination Wealth Management now owns 1,059 shares of the payment services company’s stock worth $104,000 after acquiring an additional 660 shares during the last quarter. Tuttle Tactical Management purchased a new position in American Express during the 2nd quarter worth $105,000. Lenox Wealth Advisors LLC boosted its holdings in American Express by 1,173.8% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,070 shares of the payment services company’s stock worth $114,000 after acquiring an additional 986 shares during the last quarter. Sageworth Trust Co boosted its holdings in American Express by 455.6% during the 3rd quarter. Sageworth Trust Co now owns 1,250 shares of the payment services company’s stock worth $133,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Kaizen Advisory LLC boosted its holdings in American Express by 147.4% during the 2nd quarter. Kaizen Advisory LLC now owns 1,717 shares of the payment services company’s stock worth $168,000 after acquiring an additional 1,023 shares during the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Stephen J. Squeri sold 12,500 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $103.84, for a total value of $1,298,000.00. Following the sale, the chairman now directly owns 209,957 shares in the company, valued at approximately $21,801,934.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc D. Gordon sold 25,948 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $107.83, for a total value of $2,797,972.84. Following the completion of the sale, the insider now owns 33,111 shares in the company, valued at $3,570,359.13. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Co boosted their price target on shares of American Express from $115.00 to $122.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. BMO Capital Markets boosted their price target on shares of American Express from $106.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, October 19th. Oppenheimer set a $114.00 price target on shares of American Express and gave the stock a “buy” rating in a report on Monday, November 5th. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Tuesday, October 9th. Finally, Nomura boosted their price target on shares of American Express from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, October 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. American Express currently has an average rating of “Buy” and a consensus price target of $112.70.

Shares of American Express stock opened at $106.09 on Wednesday. American Express has a 52-week low of $87.54 and a 52-week high of $111.77. The stock has a market capitalization of $92.47 billion, a P/E ratio of 18.07, a PEG ratio of 1.47 and a beta of 1.06. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.58.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, October 18th. The payment services company reported $1.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.11. American Express had a return on equity of 31.26% and a net margin of 9.51%. The business had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period in the previous year, the business posted $1.50 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts forecast that American Express will post 7.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Friday, October 5th were paid a $0.39 dividend. This is a boost from American Express’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Thursday, October 4th. American Express’s payout ratio is currently 26.58%.

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American Express Company Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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