Bank of New Hampshire Has $2.85 Million Position in American Express Company $AXP

Bank of New Hampshire boosted its position in shares of American Express Company (NYSE:AXP) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,928 shares of the payment services company’s stock after buying an additional 200 shares during the quarter. Bank of New Hampshire’s holdings in American Express were worth $2,848,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AXP. Capital Asset Advisory Services LLC raised its stake in shares of American Express by 2.8% during the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after acquiring an additional 32 shares during the last quarter. Financial Engines Advisors L.L.C. increased its holdings in American Express by 4.7% in the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after purchasing an additional 35 shares during the period. Modern Wealth Management LLC raised its position in shares of American Express by 0.7% during the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after acquiring an additional 35 shares during the last quarter. Greenfield Savings Bank raised its position in shares of American Express by 0.3% during the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after acquiring an additional 35 shares during the last quarter. Finally, Tyler Stone Wealth Management lifted its stake in shares of American Express by 4.8% in the first quarter. Tyler Stone Wealth Management now owns 792 shares of the payment services company’s stock worth $213,000 after acquiring an additional 36 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Up 0.6%

AXP opened at $327.28 on Tuesday. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $332.46. The firm has a market capitalization of $227.75 billion, a P/E ratio of 22.97, a PEG ratio of 1.72 and a beta of 1.28. The company’s 50-day moving average is $313.38 and its 200 day moving average is $292.08. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.61 and a quick ratio of 1.60.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating the consensus estimate of $3.86 by $0.22. The firm had revenue of $17.86 billion during the quarter, compared to analyst estimates of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $3.49 EPS. Research analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the sale, the chief executive officer directly owned 92,810 shares in the company, valued at $30,614,306.60. The trade was a 54.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anna Marrs sold 5,500 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the completion of the transaction, the insider directly owned 20,311 shares in the company, valued at $6,312,049.47. This trade represents a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on AXP. DZ Bank downgraded shares of American Express from a “hold” rating to a “sell” rating in a research report on Monday, July 21st. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Keefe, Bruyette & Woods upped their price target on shares of American Express from $360.00 to $371.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Finally, BTIG Research set a $277.00 price objective on American Express and gave the stock a “sell” rating in a research report on Monday, July 14th. Eight investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and an average target price of $315.20.

About American Express

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.