Group One Trading L.P. lifted its holdings in shares of American Express (NYSE:AXP) by 29.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,124 shares of the payment services company’s stock after acquiring an additional 3,624 shares during the quarter. Group One Trading L.P.’s holdings in American Express were worth $1,601,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of AXP. Westside Investment Management Inc. lifted its holdings in American Express by 0.5% in the 2nd 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 holdings in American Express by 0.6% in the 2nd 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 holdings in American Express by 0.4% in the 2nd 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 holdings in American Express by 1.5% in the 2nd 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 holdings in American Express by 0.9% in the 2nd 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. Institutional investors and hedge funds own 82.38% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Wednesday, November 1st. Morgan Stanley boosted their price objective on shares of American Express from $108.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Guggenheim downgraded shares of American Express from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $98.03 to $102.00 in a research report on Monday, January 22nd. Deutsche Bank assumed coverage on shares of American Express in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $118.00 target price for the company. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $126.00 target price on shares of American Express in a research report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. American Express presently has an average rating of “Hold” and an average price target of $102.68.
In other news, insider Ashwini Gupta sold 57,306 shares of the company’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 value of $5,446,362.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James Peter Bush sold 12,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the completion of the sale, the insider now directly owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 326,110 shares of company stock valued at $31,858,001. 0.67% of the stock is owned by insiders.
American Express (AXP) opened at $96.79 on Tuesday. American Express has a 1 year low of $75.51 and a 1 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 company has a market cap of $83,266.38, a PE ratio of 33.38, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19.
American Express (NYSE:AXP) last posted its earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 26.07%. The firm had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. American Express’s quarterly revenue was up 10.2% on a year-over-year basis. sell-side analysts forecast that American Express will post 7.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 5th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, January 4th. American Express’s dividend payout ratio (DPR) is 48.28%.
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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).
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