Strategic Advisors LLC raised its holdings in American Express (NYSE:AXP) by 23.3% in the first quarter, HoldingsChannel.com reports. The fund owned 8,292 shares of the payment services company’s stock after acquiring an additional 1,566 shares during the period. Strategic Advisors LLC’s holdings in American Express were worth $906,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of AXP. Pearl River Capital LLC acquired a new position in American Express in the fourth quarter valued at about $25,000. JNBA Financial Advisors acquired a new position in American Express in the fourth quarter valued at about $26,000. Clarfeld Financial Advisors LLC acquired a new position in American Express in the fourth quarter valued at about $31,000. Capital Investment Advisory Services LLC acquired a new position in American Express in the fourth quarter valued at about $37,000. Finally, Vigilant Capital Management LLC acquired a new position in American Express in the fourth quarter valued at about $38,000. 84.86% of the stock is owned by hedge funds and other institutional investors.
In related news, Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $103.02, for a total transaction of $1,287,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Richard Petrino sold 2,444 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $107.11, for a total value of $261,776.84. Following the sale, the executive vice president now owns 7,591 shares in the company, valued at approximately $813,072.01. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.
A number of research analysts have issued reports on AXP shares. Wells Fargo & Co reissued a “buy” rating and issued a $125.00 target price (up from $115.00) on shares of American Express in a research note on Tuesday, March 12th. Morgan Stanley decreased their target price on American Express from $113.00 to $111.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Bank of America set a $108.00 target price on American Express and gave the company a “hold” rating in a research note on Friday, January 18th. Credit Suisse Group reissued a “hold” rating and issued a $93.00 target price on shares of American Express in a research note on Friday, January 18th. Finally, Zacks Investment Research cut American Express from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. American Express presently has an average rating of “Hold” and an average price target of $111.80.
Shares of American Express stock traded down $0.37 during trading on Monday, reaching $110.54. The stock had a trading volume of 99,371 shares, compared to its average volume of 3,588,182. The firm has a market cap of $92.64 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. American Express has a 52 week low of $89.05 and a 52 week high of $114.55. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.93 and a quick ratio of 1.93.
American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, January 17th. The payment services company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.06). The firm had revenue of $10.47 billion during the quarter, compared to the consensus estimate of $10.54 billion. American Express had a net margin of 17.08% and a return on equity of 30.35%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 earnings per share. On average, equities analysts expect that American Express will post 8.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be issued a $0.39 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.41%. American Express’s dividend payout ratio (DPR) is 21.28%.
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American Express 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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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