Sentry Investment Management LLC lessened its position in American Express (NYSE:AXP) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 45,706 shares of the payment services company’s stock after selling 2,635 shares during the quarter. Sentry Investment Management LLC’s holdings in American Express were worth $4,357,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. Pearl River Capital LLC purchased a new position in American Express during the fourth quarter valued at $25,000. JNBA Financial Advisors purchased a new position in American Express during the fourth quarter valued at $26,000. Capital Investment Advisory Services LLC purchased a new position in American Express during the fourth quarter valued at $37,000. Vigilant Capital Management LLC purchased a new position in American Express during the fourth quarter valued at $38,000. Finally, WESPAC Advisors SoCal LLC raised its stake in American Express by 305.0% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 405 shares of the payment services company’s stock valued at $39,000 after buying an additional 305 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.
American Express stock opened at $108.90 on Friday. The firm has a market capitalization of $90.61 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.26 and a beta of 1.12. American Express has a 12 month low of $89.05 and a 12 month high of $114.55. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.93 and a quick ratio of 1.93.
American Express (NYSE:AXP) last posted its earnings results on Thursday, January 17th. The payment services company reported $1.74 EPS for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.06). The business had revenue of $10.47 billion during the quarter, compared to the consensus estimate of $10.54 billion. American Express had a return on equity of 30.35% and a net margin of 17.08%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. Equities research analysts forecast that American Express will post 8.15 earnings per share for the current year.
In related news, EVP Richard Petrino sold 2,444 shares of American Express stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $107.11, for a total value of $261,776.84. Following the completion of the sale, the executive vice president now owns 7,591 shares of the company’s stock, valued at $813,072.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Stephen J. Squeri sold 12,500 shares of American Express stock in a transaction on Friday, February 1st. The stock was sold at an average price of $103.02, for a total value of $1,287,750.00. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
AXP has been the subject of a number of recent research reports. Bank of America cut American Express from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $125.00 to $115.00 in a research note on Wednesday, December 19th. Morgan Stanley lowered their price objective on American Express from $113.00 to $111.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Wells Fargo & Co lowered their price objective on American Express from $122.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, January 3rd. Credit Suisse Group reiterated a “hold” rating and set a $93.00 price objective on shares of American Express in a research note on Friday, January 18th. Finally, Atlantic Securities upgraded American Express from a “neutral” rating to an “overweight” rating and set a $100.80 price objective for the company in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. American Express presently has a consensus rating of “Hold” and an average target price of $110.99.
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American Express Company Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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