Baron Silver Stevens Financial Advisors LLC bought a new stake in shares of American Express (NYSE:AXP) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 245 shares of the payment services company’s stock, valued at approximately $29,000.
Several other large investors have also bought and sold shares of AXP. Fisher Asset Management LLC increased its holdings in American Express by 2.6% in the 4th quarter. Fisher Asset Management LLC now owns 14,982,300 shares of the payment services company’s stock valued at $1,811,510,000 after purchasing an additional 377,871 shares in the last quarter. Morgan Stanley boosted its position in shares of American Express by 0.9% in the fourth quarter. Morgan Stanley now owns 8,740,430 shares of the payment services company’s stock worth $1,056,805,000 after buying an additional 77,624 shares during the period. Norges Bank purchased a new stake in shares of American Express in the fourth quarter worth about $816,426,000. Artisan Partners Limited Partnership grew its stake in shares of American Express by 0.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,350,632 shares of the payment services company’s stock valued at $646,945,000 after buying an additional 41,549 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of American Express by 25.2% during the 4th quarter. Lazard Asset Management LLC now owns 5,059,501 shares of the payment services company’s stock valued at $611,741,000 after buying an additional 1,018,919 shares during the period. Institutional investors and hedge funds own 83.54% of the company’s stock.
In related news, insider Douglas E. Buckminster sold 32,833 shares of the stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $146.08, for a total value of $4,796,244.64. Following the completion of the transaction, the insider now owns 111,247 shares in the company, valued at approximately $16,250,961.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anre D. Williams sold 59,352 shares of American Express stock in a transaction dated Friday, March 5th. The stock was sold at an average price of $145.88, for a total value of $8,658,269.76. Following the completion of the transaction, the insider now directly owns 85,522 shares in the company, valued at approximately $12,475,949.36. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Shares of AXP stock opened at $147.13 on Thursday. The stock has a 50-day simple moving average of $141.29 and a 200 day simple moving average of $120.54. The stock has a market capitalization of $118.21 billion, a P/E ratio of 36.51, a P/E/G ratio of 3.27 and a beta of 1.36. American Express has a fifty-two week low of $76.00 and a fifty-two week high of $151.46. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.05.
American Express (NYSE:AXP) last posted its quarterly earnings data on Monday, January 25th. The payment services company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.50. The company had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.32 billion. American Express had a net margin of 8.84% and a return on equity of 21.31%. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.03 EPS. On average, sell-side analysts anticipate that American Express will post 4.85 earnings per share for the current year.
The firm also recently announced a special dividend, which will be paid on Monday, May 10th. Investors of record on Friday, April 2nd will be issued a dividend of $0.43 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, March 31st. American Express’s payout ratio is 20.98%.
Several analysts have issued reports on AXP shares. Barclays raised shares of American Express from an “equal weight” rating to a “positive” rating and increased their price objective for the company from $114.00 to $132.00 in a research report on Thursday, December 10th. They noted that the move was a valuation call. Credit Suisse Group decreased their price objective on shares of American Express from $120.00 to $115.00 and set an “underperform” rating for the company in a report on Wednesday, January 27th. Wells Fargo & Company raised their price objective on American Express from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday. Robert W. Baird cut American Express from an “outperform” rating to a “neutral” rating and set a $126.00 price target on the stock. in a research report on Tuesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of American Express from $108.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, January 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $122.38.
American Express Company 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; accounts payable expense management products and services; and travel and lifestyle services.
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