American Century Companies Inc. lessened its position in shares of American Express Company (NYSE:AXP) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,142,862 shares of the payment services company’s stock after selling 32,401 shares during the period. American Century Companies Inc. owned approximately 0.47% of American Express worth $348,995,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of AXP. MCF Advisors LLC boosted its position in shares of American Express by 0.3% in the second quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after buying an additional 4 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of American Express by 30.4% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after buying an additional 300 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of American Express by 10.3% in the first quarter. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company’s stock worth $116,000 after buying an additional 138 shares during the period. Westside Investment Management Inc. boosted its position in shares of American Express by 36.7% in the first quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock worth $119,000 after buying an additional 410 shares during the period. Finally, MV Capital Management Inc. boosted its position in shares of American Express by 3.5% in the second quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after buying an additional 49 shares during the period. 82.93% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Anre D. Williams sold 30,761 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the sale, the insider now directly owns 28,720 shares in the company, valued at $2,682,735.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Anre D. Williams sold 53,111 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $85.24, for a total transaction of $4,527,181.64. Following the sale, the insider now owns 79,614 shares of the company’s stock, valued at $6,786,297.36. The disclosure for this sale can be found here. Insiders have sold 100,102 shares of company stock valued at $8,833,233 in the last ninety days. Insiders own 0.67% of the company’s stock.
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American Express Company (AXP) traded up 0.10% during mid-day trading on Friday, hitting $95.79. The stock had a trading volume of 3,212,221 shares. The company has a market cap of $84.68 billion, a P/E ratio of 19.65 and a beta of 1.21. The company has a 50-day moving average price of $89.73 and a 200 day moving average price of $83.92. American Express Company has a 1-year low of $65.03 and a 1-year high of $96.01.
American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 EPS. Equities research analysts forecast that American Express Company will post $5.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.46%. This is an increase from American Express’s previous quarterly dividend of $0.32. American Express’s dividend payout ratio (DPR) is presently 26.97%.
Several research firms recently commented on AXP. Bank of America Corporation boosted their price target on American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Barclays PLC set a $93.00 price target on American Express and gave the stock a “hold” rating in a research note on Thursday, October 19th. Jefferies Group LLC restated an “in-line” rating and set a $93.00 price objective (up previously from $85.00) on shares of American Express in a research note on Thursday, October 19th. BidaskClub upgraded American Express from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Buckingham Research assumed coverage on American Express in a research note on Monday, October 2nd. They set a “neutral” rating and a $92.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $91.04.
American Express Company Profile
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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