Clean Yield Group lessened its holdings in American Express (NYSE:AXP) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,095 shares of the payment services company’s stock after selling 40 shares during the period. Clean Yield Group’s holdings in American Express were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in AXP. World Investment Advisors LLC raised its holdings in shares of American Express by 430.6% during the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock valued at $1,292,000 after acquiring an additional 3,867 shares during the last quarter. XML Financial LLC raised its stake in American Express by 9.8% in the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after purchasing an additional 101 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its holdings in American Express by 2,196.4% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 8,244 shares of the payment services company’s stock valued at $1,909,000 after purchasing an additional 7,885 shares in the last quarter. LVM Capital Management Ltd. MI boosted its stake in American Express by 3.1% during the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock worth $25,626,000 after purchasing an additional 2,557 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of American Express by 12.7% during the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after buying an additional 247,864 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.
Insider Activity at American Express
In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the transaction, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,998 shares of company stock valued at $26,423,439 in the last ninety days. Insiders own 0.12% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Analysis on American Express
American Express Stock Up 1.2 %
NYSE:AXP traded up $3.42 during trading hours on Monday, hitting $296.72. The company’s stock had a trading volume of 1,005,717 shares, compared to its average volume of 2,050,316. The stock has a market capitalization of $209.02 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The stock has a fifty day moving average of $296.88 and a 200-day moving average of $269.64. American Express has a 52-week low of $177.81 and a 52-week high of $307.82.
American Express (NYSE:AXP – Get Free Report) last issued its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.22. The business had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $3.30 EPS. On average, equities analysts forecast that American Express will post 13.4 earnings per share for the current year.
American Express Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is 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.
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