Claris Advisors LLC MO grew its stake in American Express (NYSE:AXP - Free Report) by 113.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,218 shares of the payment services company's stock after acquiring an additional 1,177 shares during the quarter. Claris Advisors LLC MO's holdings in American Express were worth $658,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of American Express by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company's stock worth $3,104,735,000 after purchasing an additional 86,100 shares during the last quarter. FMR LLC increased its holdings in American Express by 8.5% in the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company's stock valued at $2,984,208,000 after purchasing an additional 866,110 shares during the last quarter. Fisher Asset Management LLC increased its holdings in American Express by 1.1% in the 4th quarter. Fisher Asset Management LLC now owns 8,761,336 shares of the payment services company's stock valued at $2,600,277,000 after purchasing an additional 95,927 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in American Express by 5.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company's stock valued at $1,249,415,000 after purchasing an additional 239,173 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of American Express by 0.8% in the third quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company's stock valued at $1,074,168,000 after buying an additional 33,193 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.
American Express Trading Down 2.3 %
Shares of American Express stock traded down $5.94 during mid-day trading on Tuesday, hitting $255.38. 4,924,551 shares of the stock were exchanged, compared to its average volume of 2,682,411. The stock has a market capitalization of $179.41 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21. The company has a 50-day simple moving average of $303.89 and a 200 day simple moving average of $288.29. American Express has a twelve month low of $214.51 and a twelve month high of $326.27. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64.
American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts' consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Research analysts forecast that American Express will post 15.33 EPS for the current year.
American Express Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from American Express's previous quarterly dividend of $0.70. American Express's dividend payout ratio (DPR) is 23.41%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on AXP. Monness Crespi & Hardt lifted their target price on American Express from $330.00 to $355.00 and gave the company a "buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of American Express from $301.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. BTIG Research boosted their target price on American Express from $266.00 to $270.00 and gave the stock a "sell" rating in a research note on Friday, January 24th. HSBC lifted their price objective on shares of American Express from $270.00 to $294.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Finally, Morgan Stanley increased their price objective on American Express from $305.00 to $310.00 and gave the company an "equal weight" rating in a report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $296.38.
View Our Latest Stock Analysis on AXP
Insider Transactions at American Express
In other American Express news, insider Raymond Joabar sold 15,179 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the transaction, the insider now directly owns 23,866 shares of the company's stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the transaction, the insider now owns 13,500 shares of the company's stock, valued at $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company's stock.
American Express Company Profile
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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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