American Express Company (AXP) Stake Raised by Stephens Inc. AR

Stephens Inc. AR grew its stake in American Express Company (NYSE:AXP) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,649 shares of the payment services company’s stock after purchasing an additional 204 shares during the quarter. Stephens Inc. AR’s holdings in American Express were worth $5,530,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of American Express by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 49,502,529 shares of the payment services company’s stock valued at $3,916,145,000 after purchasing an additional 722,235 shares in the last quarter. BlackRock Inc. raised its stake in shares of American Express by 2,686.0% in the 1st quarter. BlackRock Inc. now owns 44,177,867 shares of the payment services company’s stock valued at $3,494,913,000 after purchasing an additional 42,592,136 shares in the last quarter. State Street Corp raised its stake in shares of American Express by 1.8% in the 1st quarter. State Street Corp now owns 40,399,620 shares of the payment services company’s stock valued at $3,196,011,000 after purchasing an additional 731,315 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of American Express by 21.7% in the 1st quarter. Wellington Management Group LLP now owns 17,198,787 shares of the payment services company’s stock valued at $1,360,596,000 after purchasing an additional 3,071,573 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of American Express by 0.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 16,342,822 shares of the payment services company’s stock valued at $1,376,719,000 after purchasing an additional 103,546 shares in the last quarter. Institutional investors and hedge funds own 84.66% of the company’s stock.

In related news, insider Ashwini Gupta sold 90,658 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $94.71, for a total value of $8,586,219.18. Following the completion of the sale, the insider now owns 289,996 shares in the company, valued at approximately $27,465,521.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Susan Sobbott sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $84.39, for a total transaction of $506,340.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,845 shares of company stock valued at $13,197,233. Company insiders own 0.67% of the company’s stock.

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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Wednesday, November 1st. Atlantic Securities raised shares of American Express from an “underweight” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Tuesday, October 24th. Jefferies Group LLC boosted their price objective on shares of American Express from $64.75 to $93.35 and gave the company a “hold” rating in a research report on Friday, October 20th. Royal Bank Of Canada boosted their price objective on shares of American Express to $68.00 and gave the company an “underperform” rating in a research report on Thursday, October 19th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $98.00 price objective on shares of American Express in a research report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $91.56.

Shares of American Express Company (NYSE AXP) opened at $96.43 on Monday. American Express Company has a one year low of $65.03 and a one year high of $96.57. The company has a market cap of $83,700.88, a P/E ratio of 18.47, a P/E/G ratio of 1.61 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31.

American Express (NYSE:AXP) last released its earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.47 by $0.03. American Express had a net margin of 14.48% and a return on equity of 22.73%. The business had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.31 billion. During the same period in the prior year, the business earned $1.24 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. equities analysts predict that American Express Company will post 5.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 5th. This is a positive change from American Express’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.45%. American Express’s dividend payout ratio is currently 26.97%.

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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