GHP Investment Advisors Inc. increased its position in shares of American Express (NYSE:AXP) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,510 shares of the payment services company’s stock after purchasing an additional 1,505 shares during the period. GHP Investment Advisors Inc.’s holdings in American Express were worth $2,335,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in American Express by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 50,233,957 shares of the payment services company’s stock valued at $4,231,710,000 after buying an additional 731,428 shares in the last quarter. FMR LLC lifted its holdings in American Express by 11.0% during the 2nd quarter. FMR LLC now owns 1,237,170 shares of the payment services company’s stock valued at $104,219,000 after buying an additional 123,055 shares in the last quarter. TIAA FSB bought a new stake in American Express during the 2nd quarter valued at about $3,341,000. MML Investors Services LLC lifted its holdings in American Express by 47.3% during the 2nd quarter. MML Investors Services LLC now owns 16,301 shares of the payment services company’s stock valued at $1,373,000 after buying an additional 5,238 shares in the last quarter. Finally, GM Advisory Group Inc. lifted its holdings in American Express by 12.9% during the 2nd quarter. GM Advisory Group Inc. now owns 84,029 shares of the payment services company’s stock valued at $7,079,000 after buying an additional 9,632 shares in the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.
AXP has been the subject of a number of research analyst reports. Wells Fargo & Co reiterated an “outperform” rating and set a $115.00 price objective (up previously from $105.00) on shares of American Express in a report on Tuesday, January 9th. ValuEngine lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Barclays lifted their price objective on shares of American Express from $112.00 to $119.00 in a report on Friday, January 19th. Bank of America set a $128.00 price objective on shares of American Express and gave the company a “buy” rating in a report on Monday, December 18th. Finally, JPMorgan Chase & Co. lowered shares of American Express from an “overweight” rating to a “neutral” rating and set a $90.00 price objective for the company. in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $103.26.
American Express (AXP) opened at $95.37 on Wednesday. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $84,023.43, a P/E ratio of 32.89, a P/E/G ratio of 1.33 and a beta of 1.16. American Express has a 52 week low of $75.51 and a 52 week high of $102.39.
American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.54 by $0.04. The firm had revenue of $8.84 billion during the quarter, compared to analyst estimates of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 26.00%. American Express’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. analysts forecast that American Express will post 7.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Friday, April 6th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, April 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.47%. American Express’s dividend payout ratio (DPR) is presently 48.28%.
About American Express
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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