GHP Investment Advisors Inc. Buys 3,486 Shares of American Express Company (AXP)

GHP Investment Advisors Inc. grew its stake in shares of American Express Company (NYSE:AXP) by 19.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,392 shares of the payment services company’s stock after purchasing an additional 3,486 shares during the quarter. GHP Investment Advisors Inc.’s holdings in American Express were worth $1,802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AXP. BlackRock Inc. lifted its stake in shares of American Express by 2,686.0% during the first quarter. BlackRock Inc. now owns 44,177,867 shares of the payment services company’s stock worth $3,494,913,000 after purchasing an additional 42,592,136 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of American Express by 21.7% in the first quarter. Wellington Management Group LLP now owns 17,198,787 shares of the payment services company’s stock worth $1,360,596,000 after acquiring an additional 3,071,573 shares in the last quarter. Tesco Pension Investment Ltd acquired a new position in shares of American Express in the first quarter worth about $137,325,000. Canada Pension Plan Investment Board lifted its stake in shares of American Express by 944,765.8% in the second quarter. Canada Pension Plan Investment Board now owns 1,077,147 shares of the payment services company’s stock worth $90,739,000 after acquiring an additional 1,077,033 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in shares of American Express by 40.1% in the first quarter. OppenheimerFunds Inc. now owns 3,627,184 shares of the payment services company’s stock worth $286,946,000 after acquiring an additional 1,038,328 shares in the last quarter. Institutional investors own 82.77% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/20/ghp-investment-advisors-inc-buys-3486-shares-of-american-express-company-axp.html.

American Express Company (NYSE:AXP) opened at 91.90 on Friday. The company has a 50-day moving average price of $89.03 and a 200-day moving average price of $83.45. American Express Company has a one year low of $65.03 and a one year high of $92.95. The company has a market capitalization of $81.24 billion, a price-to-earnings ratio of 18.85 and a beta of 1.21.

American Express (NYSE:AXP) last announced its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.78%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. Equities research analysts anticipate that American Express Company will post $5.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.35 per share. This is a positive change from American Express’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.52%. American Express’s dividend payout ratio (DPR) is presently 26.97%.

American Express announced that its board has authorized a stock buyback program on Wednesday, June 28th that permits the company to buyback $4.40 billion in shares. This buyback authorization permits the payment services company to reacquire up to 5.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

In other news, CEO Kenneth I. Chenault sold 789,503 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $84.62, for a total transaction of $66,807,743.86. Following the completion of the sale, the chief executive officer now owns 889,836 shares of the company’s stock, valued at $75,297,922.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Susan Sobbott sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $84.39, for a total transaction of $506,340.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 953,636 shares of company stock valued at $80,863,777. Company insiders own 0.67% of the company’s stock.

Several research firms recently commented on AXP. Barclays PLC boosted their price target on American Express from $83.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday. Oppenheimer Holdings, Inc. set a $99.00 price target on American Express and gave the stock a “buy” rating in a research note on Thursday. Piper Jaffray Companies reiterated a “hold” rating and issued a $98.00 price target on shares of American Express in a research note on Thursday. Morgan Stanley boosted their price target on American Express from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Royal Bank Of Canada boosted their price target on American Express to $68.00 and gave the stock an “underperform” rating in a research note on Thursday. Three research analysts have rated the stock with a sell ra

Several other institutional investors and hedge funds also recently modified their holdings of AXP. BlackRock Inc. lifted its stake in shares of American Express by 2,686.0% during the first quarter. BlackRock Inc. now owns 44,177,867 shares of the payment services company’s stock worth $3,494,913,000 after purchasing an additional 42,592,136 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of American Express by 21.7% in the first quarter. Wellington Management Group LLP now owns 17,198,787 shares of the payment services company’s stock worth $1,360,596,000 after acquiring an additional 3,071,573 shares in the last quarter. Tesco Pension Investment Ltd acquired a new position in shares of American Express in the first quarter worth about $137,325,000. Canada Pension Plan Investment Board lifted its stake in shares of American Express by 944,765.8% in the second quarter. Canada Pension Plan Investment Board now owns 1,077,147 shares of the payment services company’s stock worth $90,739,000 after acquiring an additional 1,077,033 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in shares of American Express by 40.1% in the first quarter. OppenheimerFunds Inc. now owns 3,627,184 shares of the payment services company’s stock worth $286,946,000 after acquiring an additional 1,038,328 shares in the last quarter. Institutional investors own 82.77% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/20/ghp-investment-advisors-inc-buys-3486-shares-of-american-express-company-axp.html.

American Express Company (NYSE:AXP) opened at 91.90 on Friday. The company has a 50-day moving average price of $89.03 and a 200-day moving average price of $83.45. American Express Company has a one year low of $65.03 and a one year high of $92.95. The company has a market capitalization of $81.24 billion, a price-to-earnings ratio of 18.85 and a beta of 1.21.

American Express (NYSE:AXP) last announced its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.78%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. Equities research analysts anticipate that American Express Company will post $5.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.35 per share. This is a positive change from American Express’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.52%. American Express’s dividend payout ratio (DPR) is presently 26.97%.

American Express announced that its board has authorized a stock buyback program on Wednesday, June 28th that permits the company to buyback $4.40 billion in shares. This buyback authorization permits the payment services company to reacquire up to 5.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

In other news, CEO Kenneth I. Chenault sold 789,503 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $84.62, for a total transaction of $66,807,743.86. Following the completion of the sale, the chief executive officer now owns 889,836 shares of the company’s stock, valued at $75,297,922.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Susan Sobbott sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $84.39, for a total transaction of $506,340.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 953,636 shares of company stock valued at $80,863,777. Company insiders own 0.67% of the company’s stock.

Several research firms recently commented on AXP. Barclays PLC boosted their price target on American Express from $83.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday. Oppenheimer Holdings, Inc. set a $99.00 price target on American Express and gave the stock a “buy” rating in a research note on Thursday. Piper Jaffray Companies reiterated a “hold” rating and issued a $98.00 price target on shares of American Express in a research note on Thursday. Morgan Stanley boosted their price target on American Express from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Royal Bank Of Canada boosted their price target on American Express to $68.00 and gave the stock an “underperform” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $90.66.

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

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