MGO One Seven LLC Has $7.43 Million Holdings in American Express (NYSE:AXP)

MGO One Seven LLC grew its holdings in American Express (NYSE:AXP) by 98.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,046 shares of the payment services company's stock after buying an additional 12,405 shares during the period. MGO One Seven LLC's holdings in American Express were worth $7,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of American Express in the third quarter valued at about $1,296,000. SOA Wealth Advisors LLC. grew its stake in American Express by 2.7% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 8,031 shares of the payment services company's stock valued at $2,178,000 after buying an additional 209 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in American Express by 3.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,423 shares of the payment services company's stock valued at $657,000 after acquiring an additional 73 shares during the period. World Investment Advisors LLC lifted its position in American Express by 430.6% during the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company's stock worth $1,292,000 after acquiring an additional 3,867 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of American Express by 293.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 31,428 shares of the payment services company's stock worth $8,523,000 after acquiring an additional 23,432 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent research reports. UBS Group increased their target price on American Express from $283.00 to $320.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods lifted their target price on American Express from $350.00 to $360.00 and gave the stock an "outperform" rating in a report on Monday, January 27th. Wells Fargo & Company upped their price target on shares of American Express from $355.00 to $370.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. BTIG Research cut their price objective on shares of American Express from $272.00 to $240.00 and set a "sell" rating for the company in a report on Monday. Finally, Monness Crespi & Hardt raised their target price on shares of American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $297.16.

American Express Stock Performance

American Express stock opened at $252.69 on Wednesday. The stock has a market cap of $177.52 billion, a PE ratio of 18.04, a P/E/G ratio of 1.41 and a beta of 1.16. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express has a 12-month low of $220.43 and a 12-month high of $326.28. The business's 50-day moving average price is $270.50 and its two-hundred day moving average price is $287.37.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.17. The company had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. American Express had a net margin of 15.36% and a return on equity of 32.65%. During the same period in the previous year, the firm posted $3.33 EPS. As a group, analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from American Express's previous quarterly dividend of $0.70. The ex-dividend date is Friday, April 4th. American Express's dividend payout ratio is presently 22.91%.

Insider Buying and Selling

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the sale, the insider now directly owns 13,500 shares in the company, valued at $4,308,795. This trade represents a 41.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Angelakis bought 3,700 shares of American Express stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the completion of the acquisition, the director now directly owns 3,700 shares in the company, valued at approximately $998,593. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.