American Express Company (AXP) Position Maintained by Nottingham Advisors Inc.

Nottingham Advisors Inc. maintained its stake in American Express Company (NYSE:AXP) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,555 shares of the payment services company’s stock at the end of the first quarter. Nottingham Advisors Inc.’s holdings in American Express Company were worth $281,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. MCF Advisors LLC increased its stake in American Express Company by 0.5% in the first quarter. MCF Advisors LLC now owns 1,282 shares of the payment services company’s stock valued at $101,000 after buying an additional 6 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in American Express Company by 0.4% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,641 shares of the payment services company’s stock valued at $209,000 after buying an additional 10 shares during the last quarter. Wagner Bowman Management Corp increased its stake in American Express Company by 0.3% in the first quarter. Wagner Bowman Management Corp now owns 7,775 shares of the payment services company’s stock valued at $615,000 after buying an additional 22 shares during the last quarter. LVW Advisors LLC increased its stake in American Express Company by 1.0% in the fourth quarter. LVW Advisors LLC now owns 3,929 shares of the payment services company’s stock valued at $291,000 after buying an additional 38 shares during the last quarter. Finally, Financial Architects Inc increased its stake in American Express Company by 2.0% in the first quarter. Financial Architects Inc now owns 2,551 shares of the payment services company’s stock valued at $202,000 after buying an additional 50 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for American Express Company (NYSE:AXP)

Shares of American Express Company (NYSE:AXP) opened at 82.22 on Friday. The stock has a 50 day moving average of $78.71 and a 200 day moving average of $77.79. American Express Company has a 52-week low of $57.15 and a 52-week high of $82.81. The company has a market cap of $73.49 billion, a price-to-earnings ratio of 14.84 and a beta of 1.19.

American Express Company (NYSE:AXP) last posted its quarterly earnings data on Wednesday, April 19th. The payment services company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.06. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.76 billion. American Express Company had a net margin of 16.24% and a return on equity of 25.24%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. On average, equities research analysts expect that American Express Company will post $5.70 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Friday, July 7th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Wednesday, July 5th. American Express Company’s payout ratio is 23.19%.

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Several research firms have recently commented on AXP. Nomura raised shares of American Express Company from a “reduce” rating to a “neutral” rating and boosted their target price for the stock from $63.00 to $78.00 in a research report on Thursday, April 27th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $93.00 target price (down from $97.00) on shares of American Express Company in a research report on Friday, April 21st. Wells Fargo & Company reissued a “market perform” rating and set a $80.00 target price on shares of American Express Company in a research report on Sunday, May 21st. BMO Capital Markets restated a “hold” rating and set a $84.00 price target on shares of American Express Company in a report on Thursday, June 1st. Finally, BidaskClub upgraded shares of American Express Company from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company. American Express Company currently has a consensus rating of “Hold” and a consensus price target of $83.25.

In other American Express Company news, insider Douglas E. Buckminster sold 3,000 shares of American Express Company stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $79.24, for a total transaction of $237,720.00. Following the transaction, the insider now owns 55,486 shares of the company’s stock, valued at $4,396,710.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marc D. Gordon sold 4,900 shares of American Express Company stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $76.98, for a total transaction of $377,202.00. The disclosure for this sale can be found here. In the last three months, insiders sold 54,850 shares of company stock worth $4,407,543. 0.67% of the stock is currently owned by insiders.

About American Express Company

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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