American Express (NYSE:AXP) Shares Acquired by Buckley Wealth Management LLC

Buckley Wealth Management LLC boosted its position in American Express (NYSE:AXP) by 13.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,799 shares of the payment services company’s stock after purchasing an additional 1,287 shares during the quarter. Buckley Wealth Management LLC’s holdings in American Express were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AXP. Coastal Investment Advisors Inc. raised its position in American Express by 15.3% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 9,108 shares of the payment services company’s stock valued at $1,127,000 after purchasing an additional 1,208 shares during the last quarter. CSat Investment Advisory L.P. raised its position in American Express by 16.8% during the second quarter. CSat Investment Advisory L.P. now owns 10,178 shares of the payment services company’s stock worth $1,256,000 after acquiring an additional 1,466 shares during the period. Aperio Group LLC raised its position in American Express by 3.1% during the second quarter. Aperio Group LLC now owns 566,433 shares of the payment services company’s stock worth $69,920,000 after acquiring an additional 16,907 shares during the period. Aft Forsyth & Company Inc. raised its position in American Express by 1.1% during the second quarter. Aft Forsyth & Company Inc. now owns 9,181 shares of the payment services company’s stock worth $1,133,000 after acquiring an additional 100 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in American Express by 306.2% during the second quarter. Jacobs Levy Equity Management Inc. now owns 144,420 shares of the payment services company’s stock worth $17,827,000 after acquiring an additional 108,870 shares during the period. 83.86% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Jeffrey C. Campbell sold 7,045 shares of American Express stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $124.91, for a total transaction of $879,990.95. Following the completion of the sale, the chief financial officer now owns 59,620 shares in the company, valued at approximately $7,447,134.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 15,455 shares of American Express stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $127.06, for a total transaction of $1,963,712.30. Following the sale, the insider now owns 35,931 shares of the company’s stock, valued at approximately $4,565,392.86. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock valued at $4,618,653 in the last quarter. 0.21% of the stock is currently owned by company insiders.

AXP stock traded up $1.38 during trading on Friday, hitting $116.40. The stock had a trading volume of 2,860,416 shares, compared to its average volume of 3,561,523. The company’s 50 day moving average price is $117.97 and its two-hundred day moving average price is $119.36. American Express has a 1-year low of $89.05 and a 1-year high of $129.34. The stock has a market cap of $93.37 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.84 and a current ratio of 1.84.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 19th. The payment services company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.02. The firm had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.82 billion. American Express had a net margin of 16.60% and a return on equity of 29.75%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 EPS. As a group, sell-side analysts forecast that American Express will post 8.13 earnings per share for the current fiscal year.

The business also recently disclosed a 0.39000 dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a yield of 1.3%. American Express’s payout ratio is 23.47%.

A number of brokerages have recently commented on AXP. JPMorgan Chase & Co. reduced their target price on shares of American Express from $135.00 to $132.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. BMO Capital Markets increased their target price on shares of American Express to $119.00 and gave the company a “market perform” rating in a research report on Monday, July 22nd. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Tuesday, June 18th. Deutsche Bank began coverage on shares of American Express in a research report on Monday, July 8th. They issued a “buy” rating and a $142.00 target price for the company. Finally, ValuEngine cut shares of American Express from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $124.78.

American Express Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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

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