Dupont Capital Management Corp Trims Position in American Express (AXP)

Dupont Capital Management Corp trimmed its stake in shares of American Express (NYSE:AXP) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,501 shares of the payment services company’s stock after selling 700 shares during the period. Dupont Capital Management Corp’s holdings in American Express were worth $1,539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. lifted its stake in shares of American Express by 0.5% in the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after buying an additional 8 shares in the last quarter. Dearborn Partners LLC lifted its stake in shares of American Express by 0.6% in the second quarter. Dearborn Partners LLC now owns 2,861 shares of the payment services company’s stock worth $241,000 after buying an additional 18 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of American Express by 0.4% in the second quarter. Advisory Services Network LLC now owns 5,635 shares of the payment services company’s stock worth $475,000 after buying an additional 25 shares in the last quarter. Salem Investment Counselors Inc. lifted its stake in shares of American Express by 1.5% in the second quarter. Salem Investment Counselors Inc. now owns 2,866 shares of the payment services company’s stock worth $241,000 after buying an additional 41 shares in the last quarter. Finally, Whalerock Point Partners LLC lifted its stake in shares of American Express by 0.9% in the second quarter. Whalerock Point Partners LLC now owns 4,755 shares of the payment services company’s stock worth $400,000 after buying an additional 42 shares in the last quarter. 83.37% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on AXP. Zacks Investment Research downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. downgraded shares of American Express from an “overweight” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Friday, January 12th. Sandler O’Neill restated a “buy” rating on shares of American Express in a research report on Wednesday, January 17th. Barclays set a $119.00 price objective on shares of American Express and gave the stock an “equal weight” rating in a research report on Thursday, January 11th. Finally, BMO Capital Markets restated a “hold” rating and set a $103.00 price objective on shares of American Express in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $102.68.

Shares of American Express (NYSE:AXP) traded up $1.93 during trading on Wednesday, reaching $96.49. 1,977,935 shares of the company were exchanged, compared to its average volume of 4,306,327. American Express has a one year low of $75.51 and a one year high of $102.39. The company has a quick ratio of 1.90, a current ratio of 2.37 and a debt-to-equity ratio of 3.11. The stock has a market capitalization of $83,620.00, a P/E ratio of 32.22, a P/E/G ratio of 1.30 and a beta of 1.19.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 26.07%. The company had revenue of $8.84 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. analysts predict that American Express will post 7.13 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 5th were paid a $0.35 dividend. The ex-dividend date was Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.45%. American Express’s dividend payout ratio is currently 46.82%.

In other news, insider Ashwini Gupta sold 57,306 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $95.04, for a total transaction of $5,446,362.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James Peter Bush sold 13,356 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the sale, the insider now owns 100,790 shares of the company’s stock, valued at approximately $9,942,933.50. The disclosure for this sale can be found here. Insiders sold 326,110 shares of company stock valued at $31,858,001 in the last quarter. 0.67% of the stock is owned by insiders.

WARNING: “Dupont Capital Management Corp Trims Position in American Express (AXP)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/14/dupont-capital-management-corp-sells-700-shares-of-american-express-axp.html.

About American Express

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)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply