American Express (NYSE:AXP) is Intrinsic Value Partners LLC’s 9th Largest Position

Intrinsic Value Partners LLC lessened its stake in shares of American Express (NYSE:AXP) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,719 shares of the payment services company’s stock after selling 395 shares during the quarter. American Express comprises approximately 3.2% of Intrinsic Value Partners LLC’s portfolio, making the stock its 9th biggest position. Intrinsic Value Partners LLC’s holdings in American Express were worth $3,181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in shares of American Express by 26,783.5% during the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after acquiring an additional 906,353 shares during the last quarter. FMR LLC lifted its position in American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after buying an additional 866,110 shares during the period. Pathway Financial Advisers LLC lifted its position in American Express by 59,816.0% during the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after buying an additional 681,304 shares during the period. World Investment Advisors LLC lifted its position in American Express by 35,213.7% during the third quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock worth $86,002,000 after buying an additional 316,219 shares during the period. Finally, National Bank of Canada FI lifted its position in American Express by 73.7% during the third quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock worth $191,842,000 after buying an additional 300,138 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AXP shares. Citigroup increased their target price on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. increased their target price on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. UBS Group raised their price objective on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Finally, Monness Crespi & Hardt raised their price objective on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $296.38.

American Express Price Performance

Shares of NYSE AXP opened at $311.37 on Friday. American Express has a fifty-two week low of $209.10 and a fifty-two week high of $326.27. The business has a 50 day moving average price of $306.81 and a two-hundred day moving average price of $281.60. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. The firm has a market cap of $219.34 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Sell-side analysts expect that American Express will post 15.32 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.70 per share. The ex-dividend date was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.90%. American Express’s dividend payout ratio (DPR) is presently 19.99%.

Insider Buying and Selling at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of American Express 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 transaction, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the transaction, the insider now owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock worth $9,613,503 in the last 90 days. 0.12% of the stock is owned by corporate insiders.

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.