Caxton Associates LP Has $5.33 Million Position in American Express (AXP)

Caxton Associates LP decreased its stake in shares of American Express (NYSE:AXP) by 33.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,000 shares of the payment services company’s stock after selling 25,538 shares during the period. Caxton Associates LP’s holdings in American Express were worth $5,325,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AXP. FMR LLC boosted its position in shares of American Express by 969.9% during the second quarter. FMR LLC now owns 9,585,669 shares of the payment services company’s stock valued at $939,396,000 after buying an additional 8,689,714 shares during the last quarter. Third Point LLC purchased a new position in shares of American Express during the third quarter valued at approximately $532,450,000. Renaissance Technologies LLC purchased a new position in shares of American Express during the second quarter valued at approximately $127,567,000. Millennium Management LLC boosted its position in shares of American Express by 84.3% during the second quarter. Millennium Management LLC now owns 2,329,094 shares of the payment services company’s stock valued at $228,251,000 after buying an additional 1,065,461 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of American Express by 2.4% during the third quarter. BlackRock Inc. now owns 45,176,984 shares of the payment services company’s stock valued at $4,810,897,000 after buying an additional 1,045,964 shares during the last quarter. 82.84% of the stock is currently owned by institutional investors.

AXP has been the topic of several analyst reports. Stephens raised American Express from an “equal weight” rating to an “overweight” rating and set a $110.50 target price on the stock in a research report on Monday, September 17th. Zacks Investment Research cut American Express from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Wells Fargo & Co boosted their price objective on American Express from $115.00 to $122.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Oppenheimer reissued a “buy” rating and issued a $114.00 price objective on shares of American Express in a research report on Thursday, October 18th. Finally, Nomura boosted their price objective on American Express from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, October 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $112.70.

Shares of AXP opened at $105.40 on Wednesday. The firm has a market capitalization of $91.13 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.38 and a beta of 1.06. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.88 and a current ratio of 1.88. American Express has a 1 year low of $87.54 and a 1 year high of $114.55.

American Express (NYSE:AXP) last issued its earnings results on Thursday, October 18th. The payment services company reported $1.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.11. The firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.06 billion. American Express had a return on equity of 31.26% and a net margin of 9.51%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. Research analysts anticipate that American Express will post 7.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 4th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $1.56 annualized dividend and a dividend yield of 1.48%. American Express’s payout ratio is presently 26.58%.

In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of the business’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $103.84, for a total value of $1,298,000.00. Following the sale, the chairman now directly owns 209,957 shares in the company, valued at $21,801,934.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

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American Express Company Profile

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.

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

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