Trust Co. of Toledo NA OH Reduces Position in American Express (AXP)

Trust Co. of Toledo NA OH decreased its holdings in shares of American Express (NYSE:AXP) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,019 shares of the payment services company’s stock after selling 1,099 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in American Express were worth $896,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AXP. Beach Investment Management LLC. purchased a new stake in shares of American Express in the second quarter valued at $678,000. One Capital Management LLC raised its stake in shares of American Express by 4.7% in the second quarter. One Capital Management LLC now owns 28,603 shares of the payment services company’s stock valued at $2,410,000 after acquiring an additional 1,291 shares during the period. Cobblestone Capital Advisors LLC NY raised its stake in shares of American Express by 1.2% in the second quarter. Cobblestone Capital Advisors LLC NY now owns 93,295 shares of the payment services company’s stock valued at $7,859,000 after acquiring an additional 1,061 shares during the period. Welch Group LLC raised its stake in shares of American Express by 16.1% in the second quarter. Welch Group LLC now owns 2,709 shares of the payment services company’s stock valued at $228,000 after acquiring an additional 375 shares during the period. Finally, Lincoln National Corp purchased a new position in American Express in the 2nd quarter worth about $210,000. 83.37% of the stock is currently owned by institutional investors.

In related news, insider James Peter Bush sold 13,356 shares of American Express stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now directly owns 100,790 shares in the company, valued at approximately $9,942,933.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas E. Buckminster sold 88,930 shares of American Express stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $98.87, for a total transaction of $8,792,509.10. Following the completion of the sale, the insider now owns 152,507 shares of the company’s stock, valued at $15,078,367.09. The disclosure for this sale can be found here. Insiders sold a total of 326,110 shares of company stock valued at $31,858,001 over the last quarter. 0.67% of the stock is owned by company insiders.

Shares of American Express (AXP) opened at $94.18 on Wednesday. American Express has a 1-year low of $75.51 and a 1-year high of $102.39. The firm has a market cap of $82,199.24, a PE ratio of 32.61, a PEG ratio of 1.30 and a beta of 1.19. The company has a debt-to-equity ratio of 3.11, a current ratio of 2.37 and a quick ratio of 1.90.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, beating 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 business had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period last year, the business earned $0.91 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. sell-side analysts predict that American Express will post 7.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 5th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, January 4th. American Express’s dividend payout ratio (DPR) is presently 48.28%.

Several research analysts recently commented on AXP shares. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $115.00 price target (up previously from $105.00) on shares of American Express in a research note on Tuesday, January 9th. Credit Suisse Group reiterated an “underperform” rating and set a $84.00 target price (up from $79.00) on shares of American Express in a report on Thursday, October 19th. ValuEngine cut shares of American Express from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Barclays increased their target price on shares of American Express from $112.00 to $119.00 in a report on Friday, January 19th. Finally, Morgan Stanley increased their target price on shares of American Express from $89.00 to $97.00 and gave the stock an “equal weight” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $102.68.

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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).

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

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