Two Sigma Advisers LP raised its stake in American Express (NYSE:AXP) by 106.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 380,187 shares of the payment services company’s stock after buying an additional 195,900 shares during the period. Two Sigma Advisers LP’s holdings in American Express were worth $37,756,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation boosted its position in shares of American Express by 912.9% during the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after purchasing an additional 1,205 shares in the last quarter. Trustcore Financial Services LLC bought a new stake in shares of American Express during the 4th quarter valued at about $128,000. Westside Investment Management Inc. boosted its position in shares of American Express by 0.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after purchasing an additional 8 shares in the last quarter. WFG Advisors LP boosted its position in shares of American Express by 38.8% during the 2nd quarter. WFG Advisors LP now owns 1,568 shares of the payment services company’s stock valued at $132,000 after purchasing an additional 438 shares in the last quarter. Finally, Delpha Capital Management LLC bought a new stake in shares of American Express during the 4th quarter valued at about $138,000. Hedge funds and other institutional investors own 84.13% of the company’s stock.
Several brokerages recently commented on AXP. Sandler O’Neill set a $109.00 target price on American Express and gave the company a “buy” rating in a research report on Thursday. Oppenheimer set a $117.00 target price on American Express and gave the company a “buy” rating in a research report on Tuesday. Credit Suisse Group restated a “hold” rating and set a $94.00 target price on shares of American Express in a research report on Friday. Stephens restated a “hold” rating on shares of American Express in a research report on Thursday, March 8th. Finally, William Blair restated an “outperform” rating on shares of American Express in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $103.89.
In other news, insider James Peter Bush sold 12,789 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total value of $1,271,866.05. Following the completion of the sale, the insider now directly owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.
American Express (NYSE:AXP) opened at $95.61 on Friday. The stock has a market capitalization of $81,201.72, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.06. American Express has a fifty-two week low of $75.51 and a fifty-two week high of $102.39.
American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.04. The business had revenue of $8.84 billion for the quarter, compared to analyst estimates of $8.73 billion. American Express had a return on equity of 26.00% and a net margin of 8.08%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. equities analysts expect that American Express will post 7.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, April 5th. American Express’s dividend payout ratio (DPR) is presently 48.28%.
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American Express 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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