Shepherd Kaplan Krochuk LLC lowered its position in American Express (NYSE:AXP) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,800 shares of the payment services company’s stock after selling 200 shares during the quarter. Shepherd Kaplan Krochuk LLC’s holdings in American Express were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of American Express by 1.8% in the third quarter. BlackRock Inc. now owns 46,354,047 shares of the payment services company’s stock valued at $4,646,992,000 after buying an additional 816,309 shares during the period. Fisher Asset Management LLC increased its stake in shares of American Express by 4.1% in the second quarter. Fisher Asset Management LLC now owns 14,608,262 shares of the payment services company’s stock valued at $1,390,707,000 after buying an additional 569,150 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of American Express by 5.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,188,788 shares of the payment services company’s stock valued at $1,121,676,000 after buying an additional 617,636 shares during the period. Viking Global Investors LP increased its stake in shares of American Express by 170.7% in the second quarter. Viking Global Investors LP now owns 10,497,498 shares of the payment services company’s stock valued at $999,362,000 after buying an additional 6,619,218 shares during the period. Finally, Morgan Stanley increased its stake in shares of American Express by 25.3% in the first quarter. Morgan Stanley now owns 7,716,861 shares of the payment services company’s stock valued at $660,641,000 after buying an additional 1,559,432 shares during the period. 76.11% of the stock is owned by institutional investors.
Shares of AXP opened at $121.00 on Monday. American Express has a 12-month low of $67.00 and a 12-month high of $138.13. The business’s fifty day moving average is $105.55 and its 200 day moving average is $99.84. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.05. The stock has a market cap of $97.09 billion, a P/E ratio of 29.92, a P/E/G ratio of 5.09 and a beta of 1.22.
American Express (NYSE:AXP) last issued its earnings results on Friday, October 23rd. The payment services company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). American Express had a return on equity of 21.31% and a net margin of 8.84%. The firm had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter in the prior year, the business earned $2.08 earnings per share. American Express’s revenue for the quarter was down 20.4% on a year-over-year basis. On average, analysts expect that American Express will post 4.98 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Friday, October 9th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, October 8th. American Express’s dividend payout ratio is currently 20.98%.
In other American Express news, insider Anna Marrs sold 2,064 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $119.56, for a total transaction of $246,771.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Douglas E. Buckminster sold 14,827 shares of the firm’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $96.85, for a total value of $1,435,994.95. Following the transaction, the insider now owns 96,633 shares in the company, valued at $9,358,906.05. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.
Several research analysts have recently issued reports on the company. 140166 downgraded American Express from a “positive” rating to a “neutral” rating and set a $110.00 price objective for the company. in a research note on Friday, October 9th. William Blair reissued an “outperform” rating on shares of American Express in a research report on Tuesday, September 29th. Oppenheimer reissued a “buy” rating on shares of American Express in a research report on Sunday, October 25th. JPMorgan Chase & Co. increased their target price on shares of American Express from $97.00 to $106.00 and gave the company an “underweight” rating in a research report on Friday, October 9th. Finally, TheStreet raised shares of American Express from a “c” rating to a “b-” rating in a research report on Friday, October 23rd. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $107.08.
American Express Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; expense management products and services; and lifestyle services.
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