Redpoint Investment Management Pty Ltd Increases Position in American Express (NYSE:AXP)


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Redpoint Investment Management Pty Ltd grew its holdings in American Express (NYSE:AXP) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,719 shares of the payment services company’s stock after acquiring an additional 928 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in American Express were worth $2,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in shares of American Express by 3.3% during the third quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,697 shares of the payment services company’s stock worth $270,000 after purchasing an additional 86 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of American Express by 1.7% during the third quarter. Segall Bryant & Hamill LLC now owns 5,644 shares of the payment services company’s stock worth $566,000 after purchasing an additional 93 shares in the last quarter. Regent Investment Management LLC grew its stake in shares of American Express by 1.4% during the third quarter. Regent Investment Management LLC now owns 7,111 shares of the payment services company’s stock worth $713,000 after purchasing an additional 100 shares in the last quarter. BLB&B Advisors LLC grew its stake in shares of American Express by 0.6% during the third quarter. BLB&B Advisors LLC now owns 16,023 shares of the payment services company’s stock worth $1,606,000 after purchasing an additional 100 shares in the last quarter. Finally, New England Asset Management Inc. grew its stake in shares of American Express by 0.4% during the third quarter. New England Asset Management Inc. now owns 22,907 shares of the payment services company’s stock worth $2,296,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 83.54% of the company’s stock.

In other American Express news, insider Douglas E. Buckminster sold 14,827 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $96.85, for a total transaction of $1,435,994.95. Following the transaction, the insider now owns 96,633 shares of the company’s stock, valued at $9,358,906.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anna Marrs sold 2,064 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $119.56, for a total transaction of $246,771.84. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

AXP stock opened at $122.40 on Thursday. The company’s 50 day simple moving average is $120.16 and its 200-day simple moving average is $105.48. The firm has a market capitalization of $98.56 billion, a PE ratio of 30.37, a P/E/G ratio of 3.27 and a beta of 1.36. American Express has a 12 month low of $67.00 and a 12 month high of $138.13. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.47 and a quick ratio of 1.47.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 23rd. The payment services company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). The business had revenue of $8.75 billion during the quarter, compared to analyst estimates of $8.71 billion. American Express had a net margin of 8.84% and a return on equity of 21.31%. The firm’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.08 earnings per share. As a group, sell-side analysts anticipate that American Express will post 4.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 10th. Stockholders of record on Friday, January 8th will be given a $0.43 dividend. The ex-dividend date of this dividend is Thursday, January 7th. This represents a $1.72 annualized dividend and a dividend yield of 1.41%. American Express’s dividend payout ratio is presently 20.98%.

A number of equities analysts recently commented on AXP shares. TheStreet upgraded shares of American Express from a “c” rating to a “b-” rating in a research note on Friday, October 23rd. Barclays upgraded shares of American Express from an “equal weight” rating to a “positive” rating and upped their price objective for the company from $114.00 to $132.00 in a research note on Thursday, December 10th. They noted that the move was a valuation call. Wells Fargo & Company upped their price objective on shares of American Express from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, January 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of American Express from $108.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, January 6th. Finally, 140166 downgraded shares of American Express from a “positive” rating to a “neutral” rating and set a $110.00 price objective for the company. in a research note on Friday, October 9th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company’s stock. American Express currently has an average rating of “Hold” and an average price target of $115.85.

American Express Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; expense management products and services; and lifestyle services.

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

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