Asset Management One Co. Ltd. Boosts Stake in American Express (NYSE:AXP)

Asset Management One Co. Ltd. lifted its holdings in American Express (NYSE:AXP) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,886 shares of the payment services company’s stock after purchasing an additional 7,611 shares during the period. Asset Management One Co. Ltd.’s holdings in American Express were worth $87,295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AXP. Norden Group LLC purchased a new stake in American Express in the 1st quarter worth $375,000. BNP Paribas acquired a new position in shares of American Express during the 1st quarter worth about $40,000. Financial Counselors Inc. lifted its stake in American Express by 18.3% in the 1st quarter. Financial Counselors Inc. now owns 5,297 shares of the payment services company’s stock valued at $1,206,000 after buying an additional 820 shares in the last quarter. Salomon & Ludwin LLC boosted its holdings in American Express by 95.5% in the 1st quarter. Salomon & Ludwin LLC now owns 1,443 shares of the payment services company’s stock worth $329,000 after buying an additional 705 shares during the last quarter. Finally, Mutual Advisors LLC increased its stake in American Express by 15.7% during the 1st quarter. Mutual Advisors LLC now owns 6,995 shares of the payment services company’s stock worth $1,593,000 after buying an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the sale, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the transaction, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AXP has been the topic of several research reports. Monness Crespi & Hardt raised their target price on American Express from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. cut shares of American Express from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $268.00 to $286.00 in a research note on Monday, October 7th. HSBC cut shares of American Express from a “buy” rating to a “hold” rating and increased their target price for the company from $265.00 to $270.00 in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price target on shares of American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. Finally, The Goldman Sachs Group increased their price objective on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus price target of $253.09.

American Express Trading Down 0.3 %

Shares of AXP stock opened at $271.74 on Monday. The company has a 50-day moving average of $266.02 and a two-hundred day moving average of $247.66. The firm has a market cap of $191.43 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21. American Express has a 1-year low of $151.51 and a 1-year high of $286.36. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. The firm had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $3.30 EPS. On average, analysts predict that American Express will post 13.41 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be issued a $0.70 dividend. The ex-dividend date is Friday, October 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.03%. American Express’s dividend payout ratio is presently 20.60%.

American Express Company Profile

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.