American Express Company (NYSE:AXP) Shares Bought by Sii Investments Inc. WI

Sii Investments Inc. WI raised its position in shares of American Express Company (NYSE:AXP) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,180 shares of the payment services company’s stock after buying an additional 800 shares during the period. Sii Investments Inc. WI’s holdings in American Express were worth $1,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC boosted its position in American Express by 0.5% in the first quarter. MCF Advisors LLC now owns 1,282 shares of the payment services company’s stock worth $101,000 after buying an additional 6 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of American Express by 0.4% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,641 shares of the payment services company’s stock valued at $209,000 after buying an additional 10 shares in the last quarter. Accredited Investors Inc. boosted its stake in shares of American Express by 0.5% in the first quarter. Accredited Investors Inc. now owns 3,174 shares of the payment services company’s stock valued at $251,000 after buying an additional 15 shares in the last quarter. Wagner Bowman Management Corp boosted its stake in shares of American Express by 0.3% in the first quarter. Wagner Bowman Management Corp now owns 7,775 shares of the payment services company’s stock valued at $615,000 after buying an additional 22 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of American Express by 0.4% in the first quarter. Citizens Financial Group Inc. RI now owns 10,925 shares of the payment services company’s stock valued at $865,000 after buying an additional 42 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

American Express Company (NYSE:AXP) traded down 0.61% during trading on Friday, reaching $84.04. The company’s stock had a trading volume of 1,252,768 shares. The company’s 50-day moving average is $84.73 and its 200-day moving average is $80.16. The stock has a market cap of $74.29 billion, a PE ratio of 17.24 and a beta of 1.18. American Express Company has a 12 month low of $59.50 and a 12 month high of $86.67.

American Express (NYSE:AXP) last issued its earnings results on Wednesday, July 19th. The payment services company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.03. The business had revenue of $8.31 billion during the quarter, compared to the consensus estimate of $8.20 billion. American Express had a return on equity of 21.90% and a net margin of 14.11%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $2.10 earnings per share. Equities analysts expect that American Express Company will post $5.74 EPS for the current fiscal year.

American Express announced that its Board of Directors has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $4.40 billion in shares. This repurchase authorization permits the payment services company to buy up to 5.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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AXP has been the subject of several recent research reports. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $87.00 price objective on shares of American Express in a report on Thursday, April 20th. Jefferies Group LLC reissued a “hold” rating and set a $75.00 price objective on shares of American Express in a report on Saturday, April 22nd. Piper Jaffray Companies reissued a “neutral” rating and set a $83.00 price objective (up from $82.00) on shares of American Express in a report on Saturday, April 22nd. DA Davidson reissued a “neutral” rating and set a $85.00 price objective (up from $84.00) on shares of American Express in a report on Saturday, April 22nd. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $93.00 price objective (down from $97.00) on shares of American Express in a report on Friday, April 21st. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.77.

In other American Express news, insider Paul D. Fabara sold 5,981 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $85.88, for a total value of $513,648.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marc D. Gordon sold 4,900 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $76.98, for a total value of $377,202.00. The disclosure for this sale can be found here. Insiders sold 948,287 shares of company stock valued at $80,321,961 in the last three months. Insiders own 0.67% of the company’s stock.

American Express Company Profile

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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

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