GHP Investment Advisors Inc. grew its holdings in American Express (NYSE:AXP) by 6.8% during the 4th quarter, Holdings Channel reports. The fund owned 23,510 shares of the payment services company’s stock after purchasing an additional 1,505 shares during the period. GHP Investment Advisors Inc.’s holdings in American Express were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of American Express by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 50,233,957 shares of the payment services company’s stock valued at $4,231,710,000 after acquiring an additional 731,428 shares during the last quarter. BlackRock Inc. boosted its holdings in American Express by 1.8% during the fourth quarter. BlackRock Inc. now owns 43,090,501 shares of the payment services company’s stock worth $4,279,318,000 after buying an additional 781,329 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in American Express by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 11,872,530 shares of the payment services company’s stock worth $1,179,061,000 after buying an additional 325,140 shares in the last quarter. Veritas Asset Management LLP boosted its holdings in American Express by 7.1% during the third quarter. Veritas Asset Management LLP now owns 11,039,153 shares of the payment services company’s stock worth $998,602,000 after buying an additional 735,952 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in American Express by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 7,700,608 shares of the payment services company’s stock worth $763,153,000 after buying an additional 382,691 shares in the last quarter. 84.13% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the stock. Barclays set a $119.00 price target on shares of American Express and gave the stock an “equal weight” rating in a report on Thursday, January 11th. Instinet assumed coverage on shares of American Express in a report on Wednesday, January 3rd. They set a “buy” rating and a $110.00 price target on the stock. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Wednesday, January 3rd. Bank of America set a $128.00 price target on shares of American Express and gave the stock a “buy” rating in a report on Monday, December 18th. Finally, Guggenheim downgraded shares of American Express from a “buy” rating to a “neutral” rating and increased their price target for the stock from $98.03 to $102.00 in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $103.26.
American Express (NYSE AXP) opened at $95.37 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.06. The firm has a market cap of $84,023.43, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16. American Express has a 12-month low of $75.51 and a 12-month high of $102.39.
American Express (NYSE:AXP) last issued its earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.04. The business had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 26.00%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. equities analysts predict that American Express will post 7.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, April 5th. American Express’s dividend payout ratio (DPR) is 48.28%.
In other news, insider James Peter Bush sold 13,356 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now directly owns 100,790 shares in the company, valued at $9,942,933.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kenneth I. Chenault sold 96,440 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the completion of the sale, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at $114,651,800.90. The disclosure for this sale can be found here. Insiders sold 122,585 shares of company stock valued at $11,973,047 over the last quarter. Company insiders own 0.67% of the company’s stock.
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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