Cambridge Investment Research Advisors Inc. Has $25.68 Million Holdings in American Express Company (NYSE:AXP)

Cambridge Investment Research Advisors Inc. raised its position in American Express Company (NYSE:AXP - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,443 shares of the payment services company's stock after acquiring an additional 7,822 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in American Express were worth $25,679,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Keybank National Association OH grew its position in American Express by 3.7% during the 4th quarter. Keybank National Association OH now owns 349,937 shares of the payment services company's stock worth $103,858,000 after acquiring an additional 12,364 shares during the last quarter. Edge Capital Group LLC lifted its stake in shares of American Express by 20.9% in the 4th quarter. Edge Capital Group LLC now owns 6,451 shares of the payment services company's stock valued at $1,915,000 after purchasing an additional 1,113 shares during the period. NewEdge Wealth LLC raised its stake in American Express by 6.0% during the 4th quarter. NewEdge Wealth LLC now owns 26,102 shares of the payment services company's stock worth $7,747,000 after buying an additional 1,471 shares during the period. Griffith & Werner Inc. acquired a new stake in American Express during the 4th quarter worth $1,311,000. Finally, Oppenheimer & Co. Inc. raised its stake in American Express by 11.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 50,009 shares of the payment services company's stock worth $14,842,000 after buying an additional 4,959 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

Shares of NYSE:AXP traded up $3.16 during trading on Thursday, hitting $311.75. 3,254,420 shares of the company were exchanged, compared to its average volume of 2,826,568. The company has a market capitalization of $218.41 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. American Express Company has a 1-year low of $220.43 and a 1-year high of $326.28. The business's 50 day moving average is $287.57 and its 200-day moving average is $288.94. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.17. The business had revenue of $16.97 billion during the quarter, compared to the consensus estimate of $17.04 billion. American Express had a return on equity of 32.48% and a net margin of 15.31%. During the same period in the prior year, the business posted $3.33 earnings per share. Equities analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.05%. American Express's dividend payout ratio (DPR) is currently 22.91%.

Insider Transactions at American Express

In other news, insider Howard Grosfield sold 9,450 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the transaction, the insider now owns 9,402 shares of the company's stock, valued at $2,590,251. This represents a 50.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the completion of the sale, the insider now owns 10,919 shares in the company, valued at $2,889,822.54. This represents a 21.66% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AXP shares. Redburn Atlantic raised American Express from a "sell" rating to a "neutral" rating and dropped their price target for the company from $270.00 to $255.00 in a research note on Wednesday, April 23rd. William Blair reiterated an "outperform" rating on shares of American Express in a report on Monday, April 21st. BTIG Research reduced their price objective on American Express from $272.00 to $240.00 and set a "sell" rating for the company in a report on Monday, April 21st. Bank of America upgraded American Express from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $325.00 to $274.00 in a report on Friday, April 11th. Finally, Monness Crespi & Hardt boosted their price target on American Express from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $296.05.

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.