Brightworth Acquires Shares of 3,841 American Express Company (AXP)

Brightworth acquired a new position in American Express Company (NYSE:AXP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,841 shares of the payment services company’s stock, valued at approximately $347,000.

Other large investors have also recently made changes to their positions in the company. MCF Advisors LLC grew its holdings in American Express by 0.3% during the second quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after acquiring an additional 4 shares during the period. Appleton Partners Inc. MA grew its holdings in American Express by 0.3% during the second quarter. Appleton Partners Inc. MA now owns 2,658 shares of the payment services company’s stock worth $224,000 after acquiring an additional 8 shares during the period. Westside Investment Management Inc. grew its holdings in American Express by 0.5% during the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after acquiring an additional 8 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in American Express by 0.4% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,652 shares of the payment services company’s stock valued at $223,000 after purchasing an additional 11 shares during the period. Finally, Bath Savings Trust Co grew its holdings in American Express by 0.3% in the second quarter. Bath Savings Trust Co now owns 4,388 shares of the payment services company’s stock valued at $369,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.

In related news, insider James Peter Bush sold 13,548 shares of American Express stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $97.60, for a total transaction of $1,322,284.80. Following the transaction, the insider now owns 90,052 shares in the company, valued at $8,789,075.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Linda Zukauckas sold 3,196 shares of American Express stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $95.42, for a total value of $304,962.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 211,199 shares of company stock worth $19,978,410. 0.67% of the stock is currently owned by company insiders.

Several analysts have commented on the company. ValuEngine lowered American Express from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Wednesday, November 1st. Atlantic Securities raised American Express from an “underweight” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Tuesday, October 24th. Credit Suisse Group reissued an “underperform” rating and issued a $84.00 price objective (up from $79.00) on shares of American Express in a report on Thursday, October 19th. Finally, Jefferies Group reissued an “in-line” rating and issued a $93.00 price objective (up from $85.00) on shares of American Express in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the stock. American Express currently has a consensus rating of “Hold” and a consensus price target of $91.56.

American Express Company (NYSE AXP) opened at $99.00 on Tuesday. The firm has a market capitalization of $85,541.03, a P/E ratio of 18.88, a PEG ratio of 1.64 and a beta of 1.22. American Express Company has a 1 year low of $73.11 and a 1 year high of $99.75. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.90 and a quick ratio of 1.90.

American Express (NYSE:AXP) last released its earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. sell-side analysts expect that American Express Company will post 5.86 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 annualized dividend and a dividend yield of 1.41%. American Express’s dividend payout ratio (DPR) is presently 26.97%.

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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).

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

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