Zeke Capital Advisors LLC increased its position in American Express (NYSE:AXP) by 39.0% in the fourth quarter, HoldingsChannel reports. The firm owned 32,268 shares of the payment services company’s stock after purchasing an additional 9,059 shares during the quarter. Zeke Capital Advisors LLC’s holdings in American Express were worth $3,205,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in American Express by 1.8% in the fourth quarter. BlackRock Inc. now owns 43,090,501 shares of the payment services company’s stock valued at $4,279,318,000 after acquiring an additional 781,329 shares during the period. Fisher Asset Management LLC boosted its stake in American Express by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 11,872,530 shares of the payment services company’s stock valued at $1,179,061,000 after acquiring an additional 325,140 shares during the period. Veritas Asset Management LLP boosted its stake in American Express by 7.1% in the third quarter. Veritas Asset Management LLP now owns 11,039,153 shares of the payment services company’s stock valued at $998,602,000 after acquiring an additional 735,952 shares during the period. Geode Capital Management LLC boosted its stake in American Express by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 7,700,608 shares of the payment services company’s stock valued at $763,153,000 after acquiring an additional 382,691 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in American Express by 3.9% in the fourth quarter. Clearbridge Investments LLC now owns 5,655,948 shares of the payment services company’s stock valued at $561,692,000 after acquiring an additional 209,808 shares during the period. Institutional investors and hedge funds own 84.13% of the company’s stock.
In related news, insider James Peter Bush sold 12,789 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the sale, the insider now owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is owned by insiders.
AXP has been the subject of a number of research reports. Stephens set a $97.00 target price on American Express and gave the company a “hold” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. downgraded American Express from an “overweight” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday, January 12th. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Thursday, January 11th. Oppenheimer set a $117.00 target price on American Express and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $126.00 target price on shares of American Express in a research note on Thursday, January 18th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $103.26.
Shares of American Express (NYSE AXP) opened at $94.53 on Thursday. American Express has a twelve month low of $75.51 and a twelve month high of $102.39. The company has a market capitalization of $82,050.00, a P/E ratio of 15.97, a P/E/G ratio of 1.30 and a beta of 1.16. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.06.
American Express (NYSE:AXP) last announced its earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.00% and a net margin of 8.08%. The firm had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. analysts expect that American Express will post 7.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Friday, April 6th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, April 5th. This represents a $1.40 annualized dividend and a yield of 1.48%. American Express’s payout ratio is 23.65%.
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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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