American Express (NYSE:AXP) Shares Bought by Norinchukin Bank The

Norinchukin Bank The raised its position in shares of American Express (NYSE:AXP) by 4.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 35,345 shares of the payment services company’s stock after acquiring an additional 1,393 shares during the quarter. Norinchukin Bank The’s holdings in American Express were worth $10,490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AXP. Sellwood Investment Partners LLC acquired a new stake in American Express during the 4th quarter worth $33,000. Murphy & Mullick Capital Management Corp acquired a new position in American Express during the fourth quarter worth about $33,000. Curio Wealth LLC purchased a new stake in American Express during the 4th quarter valued at about $37,000. Financial Life Planners acquired a new stake in American Express in the 4th quarter valued at about $38,000. Finally, Sierra Ocean LLC purchased a new position in American Express in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AXP shares. Compass Point dropped their price target on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Monness Crespi & Hardt raised their target price on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada dropped their price objective on shares of American Express from $350.00 to $310.00 and set an “outperform” rating for the company in a report on Monday, April 14th. As part of a broader Q1 preview for Consumer Finance, RBC anticipates seasonally-driven trends with lower loans and volumes, stable credit performance, and possibly elevated loan loss provisions due to uncertainty. Morgan Stanley lifted their target price on shares of American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of American Express from $325.00 to $244.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $294.90.

American Express Trading Down 0.6 %

NYSE AXP opened at $251.48 on Friday. American Express has a one year low of $218.84 and a one year high of $326.28. The firm has a 50 day simple moving average of $272.87 and a 200-day simple moving average of $287.59. The firm has a market cap of $176.67 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.41 and a beta of 1.16. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.47 by $0.17. American Express had a net margin of 15.36% and a return on equity of 32.65%. The company had revenue of $16.97 billion during the quarter, compared to analysts’ expectations of $17.04 billion. During the same quarter last year, the company posted $3.33 EPS. Equities research analysts anticipate that American Express will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.82 per share. This is an increase from American Express’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.28 annualized dividend and a yield of 1.30%. American Express’s dividend payout ratio is 23.41%.

Insider Buying and Selling at American Express

In other news, Director Michael J. Angelakis acquired 3,700 shares of American Express stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the acquisition, the director now owns 3,700 shares of the company’s stock, valued at $998,593. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the transaction, the insider now owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. The trade was a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

American Express 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.