LPL Financial LLC lifted its position in American Express (NYSE:AXP) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,474 shares of the payment services company’s stock after buying an additional 2,769 shares during the period. LPL Financial LLC’s holdings in American Express were worth $9,879,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. AHL Partners LLP grew its position in American Express by 7.8% during the 2nd quarter. AHL Partners LLP now owns 69,653 shares of the payment services company’s stock worth $5,868,000 after purchasing an additional 5,064 shares during the last quarter. Prudential PLC grew its position in American Express by 9.1% during the 2nd quarter. Prudential PLC now owns 3,003,335 shares of the payment services company’s stock worth $253,000,000 after purchasing an additional 250,044 shares during the last quarter. Shelton Capital Management purchased a new stake in American Express during the 2nd quarter worth approximately $670,000. San Francisco Sentry Investment Group CA purchased a new stake in American Express during the 2nd quarter worth approximately $198,000. Finally, Janus Henderson Group PLC grew its position in American Express by 94.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,715,775 shares of the payment services company’s stock worth $144,542,000 after purchasing an additional 834,829 shares during the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.
AXP stock opened at $94.95 on Wednesday. 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 12 month low of $75.51 and a 12 month high of $102.39. The stock has a market cap of $81,588.84, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.29 and a beta of 1.16.
American Express (NYSE:AXP) last posted its earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 26.00%. The firm had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the previous year, the business posted $0.91 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. research analysts anticipate that American Express will post 7.15 earnings per share 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 paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, April 5th. American Express’s dividend payout ratio is currently 48.28%.
AXP has been the topic of several research analyst reports. Wells Fargo reissued an “outperform” rating and set a $115.00 target price (up previously from $105.00) on shares of American Express in a research report on Tuesday, January 9th. Credit Suisse Group reissued a “hold” rating and set a $94.00 target price on shares of American Express in a research report on Friday, March 16th. ValuEngine downgraded shares of American Express from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Barclays boosted their target price on shares of American Express from $112.00 to $119.00 in a research report on Friday, January 19th. Finally, Bank of America set a $128.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $103.89.
In other American Express news, insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the completion of the transaction, the insider now directly owns 100,790 shares in the company, valued at $9,942,933.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.
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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