Folger Nolan Fleming Douglas Capital Management Inc. raised its position in American Express (NYSE:AXP) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,287 shares of the payment services company’s stock after purchasing an additional 780 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in American Express were worth $2,114,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Cookson Peirce & Co. Inc. increased its position in shares of American Express by 8.6% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 284,770 shares of the payment services company’s stock worth $28,281,000 after acquiring an additional 22,530 shares in the last quarter. Columbia Partners L L C Investment Management increased its position in shares of American Express by 8.3% during the fourth quarter. Columbia Partners L L C Investment Management now owns 104,704 shares of the payment services company’s stock worth $10,398,000 after acquiring an additional 8,016 shares in the last quarter. Martingale Asset Management L P increased its position in shares of American Express by 51.7% during the fourth quarter. Martingale Asset Management L P now owns 106,377 shares of the payment services company’s stock worth $10,565,000 after acquiring an additional 36,268 shares in the last quarter. Eaton Vance Management increased its position in shares of American Express by 1.1% during the fourth quarter. Eaton Vance Management now owns 1,315,006 shares of the payment services company’s stock worth $130,593,000 after acquiring an additional 14,433 shares in the last quarter. Finally, Allen Capital Group LLC bought a new stake in shares of American Express during the fourth quarter worth $546,000. 82.38% of the stock is owned by hedge funds and other institutional investors.
Shares of American Express (NYSE:AXP) opened at $97.35 on Friday. The company has a market cap of $83,877.19, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.93 and a quick ratio of 1.90. American Express has a 12 month low of $75.51 and a 12 month high of $102.39.
American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. The firm had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 26.00%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. equities research analysts expect 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. Shareholders 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 1.44%. The ex-dividend date of this dividend was Thursday, January 4th. American Express’s dividend payout ratio is currently 48.28%.
Several brokerages have recently issued reports on AXP. 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. Instinet started coverage on shares of American Express in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $110.00 target price for the company. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Wednesday, January 3rd. Bank of America set a $128.00 target price on shares of American Express and gave the company a “buy” rating in a research report on Monday, December 18th. Finally, Guggenheim downgraded shares of American Express from a “buy” rating to a “neutral” rating and raised their target price for the company from $98.03 to $102.00 in a research report on Monday, January 22nd. 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. American Express presently has an average rating of “Hold” and an average target price of $102.68.
In other news, EVP Michael John O’neill sold 43,741 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $98.85, for a total transaction of $4,323,797.85. Following the completion of the sale, the executive vice president now owns 43,731 shares in the company, valued at approximately $4,322,809.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James Peter Bush sold 13,356 shares of the firm’s stock in a transaction dated 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. In the last 90 days, insiders have sold 326,110 shares of company stock valued at $31,858,001. 0.67% of the stock is currently owned by corporate insiders.
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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).
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