Huntington National Bank Sells 2,534 Shares of American Express (NYSE:AXP)

Huntington National Bank decreased its position in American Express (NYSE:AXP) by 1.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 136,118 shares of the payment services company’s stock after selling 2,534 shares during the period. Huntington National Bank’s holdings in American Express were worth $36,915,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AXP. Kennebec Savings Bank bought a new stake in American Express in the 3rd quarter valued at approximately $29,000. DHJJ Financial Advisors Ltd. raised its stake in shares of American Express by 42.2% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after purchasing an additional 49 shares in the last quarter. POM Investment Strategies LLC bought a new stake in shares of American Express during the 2nd quarter worth approximately $42,000. Founders Capital Management bought a new stake in shares of American Express during the 2nd quarter worth approximately $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of American Express during the 3rd quarter worth approximately $46,000. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other American Express news, insider Anre D. Williams sold 77,887 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was 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 in the company, valued at approximately $30,176,150.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the transaction, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

American Express Stock Performance

NYSE:AXP opened at $287.64 on Thursday. The stock’s 50-day simple moving average is $270.01 and its 200 day simple moving average is $250.23. The firm has a market capitalization of $202.63 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a twelve month low of $156.03 and a twelve month high of $296.83.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.22. The business had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. American Express’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $3.30 earnings per share. On average, analysts anticipate that American Express will post 13.4 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 0.97%. American Express’s dividend payout ratio is presently 20.60%.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut American Express from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $268.00 to $286.00 in a research note on Monday, October 7th. BTIG Research cut American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target on the stock. in a research note on Tuesday, October 8th. Monness Crespi & Hardt increased their price target on American Express from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Royal Bank of Canada increased their price target on American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, Bank of America increased their price target on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $253.09.

American Express Company 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.