CNB Bank purchased a new position in American Express (NYSE:AXP) in the fourth quarter, Holdings Channel reports. The fund purchased 1,995 shares of the payment services company’s stock, valued at approximately $198,000.
Several other large investors also recently made changes to their positions in AXP. UBS Asset Management Americas Inc. lifted its position in shares of American Express by 59.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 5,305,396 shares of the payment services company’s stock worth $526,879,000 after buying an additional 1,968,718 shares during the last quarter. Millennium Management LLC lifted its position in shares of American Express by 847.9% in the fourth quarter. Millennium Management LLC now owns 1,480,273 shares of the payment services company’s stock worth $147,006,000 after buying an additional 1,324,105 shares during the last quarter. Swedbank acquired a new stake in shares of American Express in the fourth quarter worth about $98,751,000. Janus Henderson Group PLC lifted its position in shares of American Express by 55.9% in the third quarter. Janus Henderson Group PLC now owns 2,675,599 shares of the payment services company’s stock worth $242,003,000 after buying an additional 959,824 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of American Express by 373.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,155,096 shares of the payment services company’s stock worth $114,710,000 after buying an additional 911,306 shares during the last quarter. 84.09% of the stock is owned by institutional investors.
In related news, insider James Peter Bush sold 12,789 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 92,504 shares in the company, valued at $9,199,522.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.67% of the company’s stock.
A number of analysts have weighed in on the company. Zacks Investment Research cut American Express from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. cut American Express from an “overweight” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Friday, January 12th. Sandler O’Neill reissued a “buy” rating on shares of American Express in a research report on Wednesday, January 17th. Barclays set a $119.00 price objective on American Express and gave the stock an “equal weight” rating in a research report on Thursday, January 11th. Finally, Wells Fargo reissued an “outperform” rating and set a $115.00 price objective (up previously from $105.00) on shares of American Express in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the stock. American Express has an average rating of “Hold” and a consensus price target of $103.89.
American Express (AXP) opened at $91.41 on Friday. American Express has a 12 month low of $75.51 and a 12 month high of $102.39. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market capitalization of $81,502.81, a PE ratio of 31.52, a P/E/G ratio of 1.29 and a beta of 1.16.
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, beating the consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.00% and a net margin of 8.08%. The firm had revenue of $8.84 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. equities analysts anticipate that American Express will post 7.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Friday, April 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.40 annualized dividend and a yield of 1.53%. American Express’s dividend payout ratio 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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