American International Group Inc. Boosts Position in American Express (AXP)

American International Group Inc. boosted its position in shares of American Express (NYSE:AXP) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 295,442 shares of the payment services company’s stock after acquiring an additional 3,713 shares during the quarter. American International Group Inc.’s holdings in American Express were worth $29,340,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Westside Investment Management Inc. increased its position 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 valued at $129,000 after acquiring an additional 8 shares during the last quarter. Dearborn Partners LLC grew its holdings in American Express by 0.6% during the second quarter. Dearborn Partners LLC now owns 2,861 shares of the payment services company’s stock valued at $241,000 after purchasing an additional 18 shares during the period. Advisory Services Network LLC grew its holdings in American Express by 0.4% during the second quarter. Advisory Services Network LLC now owns 5,635 shares of the payment services company’s stock valued at $475,000 after purchasing an additional 25 shares during the period. Salem Investment Counselors Inc. grew its holdings in American Express by 1.5% during the second quarter. Salem Investment Counselors Inc. now owns 2,866 shares of the payment services company’s stock valued at $241,000 after purchasing an additional 41 shares during the period. Finally, Whalerock Point Partners LLC grew its holdings in American Express by 0.9% during the second quarter. Whalerock Point Partners LLC now owns 4,755 shares of the payment services company’s stock valued at $400,000 after purchasing an additional 42 shares during the period. Institutional investors own 83.37% of the company’s stock.

In related news, insider Ashwini Gupta sold 57,306 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $95.04, for a total transaction of $5,446,362.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Peter Bush sold 12,789 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the transaction, the insider now directly owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 326,110 shares of company stock valued at $31,858,001. 0.67% of the stock is owned by corporate insiders.

Several research firms have issued reports on AXP. Nomura raised American Express from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a report on Monday, February 12th. Instinet boosted their price target on American Express from $91.72 to $108.00 and gave the company a “buy” rating in a report on Monday, February 12th. Zacks Investment Research lowered American Express from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. TheStreet lowered American Express from a “b+” rating to a “c+” rating in a report on Thursday, January 18th. Finally, Morgan Stanley boosted their price target on American Express from $108.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the company. American Express currently has an average rating of “Hold” and an average price target of $102.68.

American Express (NYSE AXP) opened at $96.79 on Monday. American Express has a one year low of $75.51 and a one year high of $102.39. The firm has a market capitalization of $84,010.00, a PE ratio of 32.37, a PEG ratio of 1.32 and a beta of 1.19. The company has a debt-to-equity ratio of 3.11, a current ratio of 2.37 and a quick ratio of 1.90.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The company had revenue of $8.84 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. research analysts forecast that American Express will post 7.13 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 5th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, January 4th. American Express’s payout ratio is presently 46.82%.

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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).

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

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