Canada Pension Plan Investment Board Boosts Holdings in American Express Company (AXP)

Canada Pension Plan Investment Board boosted its holdings in shares of American Express Company (NYSE:AXP) by 15.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,245,247 shares of the payment services company’s stock after acquiring an additional 168,100 shares during the quarter. Canada Pension Plan Investment Board owned 0.14% of American Express worth $112,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXP. MCF Advisors LLC lifted its position in shares of American Express by 0.3% in the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after purchasing an additional 4 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of American Express by 30.4% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after purchasing an additional 300 shares during the period. Capital Analysts LLC acquired a new position in shares of American Express in the 2nd quarter worth approximately $115,000. Westside Investment Management Inc. lifted its position in shares of American Express by 36.7% in the 1st quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock worth $119,000 after purchasing an additional 410 shares during the period. Finally, MV Capital Management Inc. lifted its position in shares of American Express by 3.5% in the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

In other American Express news, insider Anre D. Williams sold 30,761 shares of the business’s 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 owns 28,720 shares in the company, valued at approximately $2,682,735.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Peter Bush sold 13,548 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $97.60, for a total transaction of $1,322,284.80. Following the sale, the insider now owns 90,052 shares of the company’s stock, valued at approximately $8,789,075.20. The disclosure for this sale can be found here. Insiders have sold a total of 211,199 shares of company stock valued at $19,978,410 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

Shares of American Express Company (NYSE AXP) opened at $99.00 on Tuesday. The company has a market cap of $85,541.03, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. American Express Company has a one year low of $73.11 and a one year high of $99.75.

American Express (NYSE:AXP) last announced its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. American Express’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.24 EPS. equities research analysts forecast that American Express Company will post 5.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.41%. American Express’s dividend payout ratio (DPR) is presently 26.97%.

A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of American Express from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Wednesday, November 1st. Atlantic Securities upgraded shares of American Express from an “underweight” rating to a “neutral” rating and set a $100.00 target price on the stock in a research report on Tuesday, October 24th. Credit Suisse Group reiterated an “underperform” rating and set a $84.00 target price (up previously from $79.00) on shares of American Express in a research report on Thursday, October 19th. Finally, Jefferies Group reiterated an “in-line” rating and set a $93.00 target price (up previously from $85.00) on shares of American Express in a research report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $91.56.

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American Express 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).

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

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