QS Investors LLC Decreases Stake in American Express (AXP)

QS Investors LLC cut its holdings in American Express (NYSE:AXP) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,577 shares of the payment services company’s stock after selling 1,769 shares during the period. QS Investors LLC’s holdings in American Express were worth $4,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation boosted its holdings in American Express by 912.9% in the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after purchasing an additional 1,205 shares during the period. Trustcore Financial Services LLC bought a new position in American Express in the 4th quarter valued at $128,000. Westside Investment Management Inc. boosted 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 valued at $129,000 after purchasing an additional 8 shares during the period. WFG Advisors LP boosted its holdings in American Express by 38.8% in the 2nd quarter. WFG Advisors LP now owns 1,568 shares of the payment services company’s stock valued at $132,000 after purchasing an additional 438 shares during the period. Finally, Delpha Capital Management LLC bought a new position in American Express in the 4th quarter valued at $138,000. 84.11% of the stock is owned by institutional investors.

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A number of research firms have recently issued reports on AXP. Barclays lifted their price objective on shares of American Express from $112.00 to $119.00 in a report on Friday, January 19th. Sandler O’Neill reaffirmed a “buy” rating on shares of American Express in a report on Wednesday, January 17th. Deutsche Bank began coverage on shares of American Express in a report on Tuesday, January 2nd. They set a “buy” rating and a $118.00 price objective for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $116.00 price objective on shares of American Express in a report on Friday, December 22nd. Finally, Bank of America set a $128.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $104.38.

In related news, insider James Peter Bush sold 13,356 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were 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 $9,942,933.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Shares of AXP opened at $91.91 on Friday. The stock has a market cap of $81,038.26, a PE ratio of 15.66, a P/E/G ratio of 1.29 and a beta of 1.14. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.93 and a current ratio of 1.93. American Express has a 1-year low of $75.51 and a 1-year high of $102.39.

American Express (NYSE:AXP) last posted its quarterly earnings data 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 26.00%. The business had revenue of $8.84 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. American Express’s quarterly revenue was up 10.2% on a year-over-year basis. research analysts expect that American Express will post 7.14 EPS for the current year.

The firm also recently disclosed 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. This represents a $1.40 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, April 5th. American Express’s payout ratio is currently 23.85%.

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About American Express

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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

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