American Express (NYSE:AXP) Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC boosted its holdings in shares of American Express (NYSE:AXP) by 15.7% in the 1st quarter, Holdings Channel reports. The firm owned 6,995 shares of the payment services company’s stock after buying an additional 949 shares during the period. Mutual Advisors LLC’s holdings in American Express were worth $1,593,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Diversified LLC boosted its position in shares of American Express by 3.0% in the 1st quarter. Diversified LLC now owns 1,696 shares of the payment services company’s stock valued at $386,000 after purchasing an additional 49 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of American Express by 95.5% in the first quarter. Salomon & Ludwin LLC now owns 1,443 shares of the payment services company’s stock worth $329,000 after buying an additional 705 shares during the period. Financial Counselors Inc. increased its position in shares of American Express by 18.3% in the first quarter. Financial Counselors Inc. now owns 5,297 shares of the payment services company’s stock worth $1,206,000 after acquiring an additional 820 shares in the last quarter. Centerpoint Advisors LLC raised its holdings in shares of American Express by 1.9% during the first quarter. Centerpoint Advisors LLC now owns 3,987 shares of the payment services company’s stock valued at $908,000 after acquiring an additional 75 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of American Express during the first quarter valued at approximately $298,000. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

Shares of NYSE:AXP opened at $237.75 on Wednesday. The company has a market cap of $171.01 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.34 and a beta of 1.21. The business has a 50 day moving average price of $234.53 and a 200 day moving average price of $219.00. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.70. American Express has a twelve month low of $140.91 and a twelve month high of $244.41.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.36. American Express had a return on equity of 32.46% and a net margin of 14.50%. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.79 billion. During the same period in the previous year, the company earned $2.40 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Research analysts predict that American Express will post 12.98 earnings per share for the current year.

American Express Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.70 per share. This is an increase from American Express’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, July 5th. This represents a $2.80 annualized dividend and a dividend yield of 1.18%. American Express’s payout ratio is presently 23.06%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AXP. Monness Crespi & Hardt upgraded American Express from a “neutral” rating to a “buy” rating and set a $245.00 target price for the company in a report on Friday, April 5th. William Blair restated an “outperform” rating on shares of American Express in a research report on Monday, June 3rd. Citigroup started coverage on American Express in a report on Monday, June 10th. They issued a “neutral” rating and a $250.00 target price on the stock. Oppenheimer reiterated an “outperform” rating on shares of American Express in a research report on Friday, April 5th. Finally, Robert W. Baird lifted their target price on shares of American Express from $190.00 to $205.00 and gave the company an “underperform” rating in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $225.50.

Read Our Latest Stock Analysis on American Express

Insider Activity

In related news, CEO Stephen J. Squeri sold 38,873 shares of American Express stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $238.63, for a total transaction of $9,276,263.99. Following the sale, the chief executive officer now directly owns 76,310 shares of the company’s stock, valued at $18,209,855.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Stephen J. Squeri sold 38,873 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $238.63, for a total value of $9,276,263.99. Following the completion of the transaction, the chief executive officer now directly owns 76,310 shares of the company’s stock, valued at $18,209,855.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Skyler sold 14,802 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $241.73, for a total transaction of $3,578,087.46. Following the completion of the sale, the insider now directly owns 16,371 shares in the company, valued at approximately $3,957,361.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,717 shares of company stock valued at $41,680,999. Insiders own 0.11% of the company’s stock.

American Express Profile

(Free Report)

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.

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

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