Country Trust Bank Acquires 6,736 Shares of American Express (NYSE:AXP)

Country Trust Bank grew its holdings in shares of American Express (NYSE:AXP) by 3.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 217,375 shares of the payment services company’s stock after buying an additional 6,736 shares during the period. Country Trust Bank’s holdings in American Express were worth $40,649,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. SBK Financial Inc. bought a new position in shares of American Express in the 4th quarter worth $25,000. Tyler Stone Wealth Management purchased a new stake in American Express in the 4th quarter valued at $25,000. Blue Bell Private Wealth Management LLC raised its position in American Express by 873.3% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 146 shares of the payment services company’s stock valued at $27,000 after buying an additional 131 shares during the last quarter. Perkins Coie Trust Co purchased a new stake in American Express in the 1st quarter valued at $28,000. Finally, Rise Advisors LLC raised its position in American Express by 823.5% in the 1st quarter. Rise Advisors LLC now owns 157 shares of the payment services company’s stock valued at $29,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.

AXP opened at $139.33 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a 52-week low of $134.30 and a 52-week high of $199.55. The stock has a market capitalization of $104.92 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.08 and a beta of 1.15. The stock’s 50 day moving average price is $157.24 and its 200-day moving average price is $171.57.

American Express (NYSE:AXPGet Rating) last posted its earnings results on Friday, April 22nd. The payment services company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.30. American Express had a return on equity of 33.35% and a net margin of 17.49%. The firm had revenue of $11.74 billion for the quarter, compared to analysts’ expectations of $11.66 billion. During the same period in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was up 29.5% compared to the same quarter last year. Research analysts forecast that American Express will post 9.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Friday, July 1st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, June 30th. American Express’s dividend payout ratio (DPR) is 20.84%.

AXP has been the subject of several recent research reports. Oppenheimer reissued a “buy” rating and issued a $212.00 price objective on shares of American Express in a report on Friday, June 10th. Robert W. Baird upgraded American Express from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Friday, June 17th. JPMorgan Chase & Co. downgraded American Express from an “overweight” rating to a “neutral” rating and set a $200.00 price target for the company. in a research report on Monday, April 11th. Edward Jones upgraded American Express from a “hold” rating to a “buy” rating in a research report on Monday, June 6th. Finally, Royal Bank of Canada lifted their price target on American Express from $195.00 to $200.00 and gave the company a “sector perform” rating in a research report on Monday, April 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $192.53.

In other news, CEO Stephen J. Squeri sold 48,160 shares of the company’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $178.38, for a total transaction of $8,590,780.80. Following the transaction, the chief executive officer now directly owns 31,285 shares of the company’s stock, valued at $5,580,618.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Theodore Leonsis sold 4,005 shares of the company’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $166.63, for a total value of $667,353.15. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

American Express Profile (Get Rating)

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

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