Handelsbanken Fonder AB Has $66.05 Million Position in American Express (NYSE:AXP)

Handelsbanken Fonder AB grew its stake in American Express (NYSE:AXP - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,544 shares of the payment services company's stock after purchasing an additional 6,241 shares during the quarter. Handelsbanken Fonder AB's holdings in American Express were worth $66,049,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AXP. International Assets Investment Management LLC raised its position in shares of American Express by 26,783.5% in the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company's stock valued at $2,467,210,000 after purchasing an additional 906,353 shares during the period. FMR LLC grew its stake in shares of American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company's stock valued at $2,984,208,000 after acquiring an additional 866,110 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in shares of American Express by 59,816.0% in the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company's stock valued at $185,079,000 after acquiring an additional 681,304 shares in the last quarter. World Investment Advisors LLC grew its stake in shares of American Express by 35,213.7% in the third quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company's stock valued at $86,002,000 after acquiring an additional 316,219 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of American Express by 73.7% in the third quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company's stock valued at $191,842,000 after acquiring an additional 300,138 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of American Express from $305.00 to $320.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on shares of American Express from $301.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Compass Point decreased their price target on shares of American Express from $325.00 to $309.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. William Blair restated an "outperform" rating on shares of American Express in a research note on Monday, January 27th. Finally, UBS Group upped their price target on shares of American Express from $283.00 to $320.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, American Express has an average rating of "Hold" and a consensus price target of $296.38.

Insider Activity at American Express

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the transaction, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the transaction, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock worth $9,613,503 in the last quarter. 0.12% of the stock is owned by insiders.

American Express Price Performance

Shares of AXP traded down $8.63 during mid-day trading on Friday, reaching $295.23. The company had a trading volume of 3,277,941 shares, compared to its average volume of 2,481,628. The company's 50 day simple moving average is $307.68 and its 200 day simple moving average is $283.79. The company has a market capitalization of $207.41 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.48 and a beta of 1.24. American Express has a 1-year low of $212.48 and a 1-year high of $326.27. 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 - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Analysts expect that American Express will post 15.32 EPS for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were issued a $0.70 dividend. The ex-dividend date was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 0.95%. American Express's dividend payout ratio (DPR) is presently 19.99%.

American Express Company 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.