Stephens Inc. AR lessened its stake in shares of American Express (NYSE: AXP – Get Rating) by 12.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,088 shares of the payment services company stock after selling 9,196 shares during the period. Stephens Inc. AR’s holdings in American Express were worth $ 10,648,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in American Express by 6.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 849 shares of the payment services company stock valued at $ 139,000 after purchasing an additional 55 shares during the period. Associated Banc Corp increased its holdings in American Express by 0.7% in the fourth quarter. Associated Banc Corp now owns 8,402 shares of the payment services company stock valued at $ 1,375,000 after purchasing an additional 55 shares during the period. Ropes Wealth Advisors LLC increased its holdings in American Express by 0.3% in the fourth quarter. Ropes Wealth Advisors LLC now owns 19,599 shares of the payment services company stock valued at $ 3,206,000 after purchasing an additional 55 shares during the period. JFS Wealth Advisors LLC increased its holdings in American Express by 5.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,198 shares of the payment services company stock valued at $ 196,000 after purchasing an additional 58 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in American Express by 0.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 22,900 shares of the payment services company stock valued at $ 3,746,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 85.49% of the company stock.
In related news, CEO Stephen J. Squeri sold 48,160 shares of the firm’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $ 178.38, for a total value of $ 8,590,780.80. Following the transaction, the chief executive officer now owns 31,285 shares of the company stock, valued at approximately $ 5,580,618.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Theodore Leonsis sold 4,005 shares of the firm’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $ 166.63, for a total transaction of $ 667,353.15. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.
Shares of AXP opened at $ 144.18 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a 50-day moving average of $ 166.80 and a 200-day moving average of $ 173.16. The company has a market cap of $ 108.58 billion, a PE ratio of 14.45, a P / E / G ratio of 1.06 and a beta of 1.08. American Express has a one year low of $ 136.49 and a one year high of $ 199.55.
American Express (NYSE: AXP – Get Rating) last announced its quarterly earnings results on Friday, April 22nd. The payment services company reported $ 2.73 earnings per share for the quarter, beating the consensus estimate of $ 2.43 by $ 0.30. American Express had a net margin of 17.49% and a return on equity of 33.35%. The business had revenue of $ 11.74 billion for the quarter, compared to analysts’ expectations of $ 11.66 billion. During the same quarter last year, the firm earned $ 1.74 EPS. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. Analysts expect that American Express will post 9.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Friday, July 1st will be given a $ 0.52 dividend. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $ 2.08 annualized dividend and a yield of 1.44%. American Express’s payout ratio is 20.84%.
A number of analysts recently weighed in on the company. Morgan Stanley increased their price objective on American Express from $ 218.00 to $ 223.00 and gave the company an “overweight” rating in a report on Monday, March 28th. JPMorgan Chase & Co. downgraded American Express from an “overweight” rating to a “neutral” rating and set a $ 200.00 price objective for the company. in a report on Monday, April 11th. Royal Bank of Canada increased their price target on American Express from $ 195.00 to $ 200.00 and gave the stock a “sector perform” rating in a report on Monday, April 25th. StockNews.com initiated coverage on American Express in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Robert W. Baird upgraded American Express from a “neutral” rating to an “outperform” rating and set a $ 175.00 price target for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus price target of $ 194.17.
About American Express: (Get Rating)
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.
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