GHP Investment Advisors Inc. Acquires 613 Shares of American Express Company (AXP)

GHP Investment Advisors Inc. lifted its holdings in shares of American Express Company (NYSE:AXP) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,005 shares of the payment services company’s stock after purchasing an additional 613 shares during the period. GHP Investment Advisors Inc.’s holdings in American Express were worth $1,991,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC grew its holdings in shares of American Express by 0.3% during the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock valued at $108,000 after purchasing an additional 4 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of American Express by 30.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after purchasing an additional 300 shares during the last quarter. Capital Analysts LLC bought a new position in shares of American Express during the 2nd quarter valued at $115,000. Westside Investment Management Inc. grew its holdings in shares of American Express by 36.7% during the 1st quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock valued at $119,000 after purchasing an additional 410 shares during the last quarter. Finally, MV Capital Management Inc. grew its holdings in shares of American Express by 3.5% during the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock valued at $122,000 after purchasing an additional 49 shares during the last quarter. 83.35% of the stock is currently owned by institutional investors.

In related news, CEO Kenneth I. Chenault sold 96,440 shares of American Express stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the completion of the transaction, the chief executive officer now directly owns 1,178,333 shares of the company’s stock, valued at approximately $114,651,800.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James Peter Bush sold 10,230 shares of American Express stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $90.55, for a total transaction of $926,326.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 440,310 shares of company stock valued at $42,478,329. 0.67% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the stock. Bank of America set a $128.00 target price on shares of American Express and gave the company a “buy” rating in a report on Monday. Jefferies Group reaffirmed an “in-line” rating and set a $93.00 target price (up previously from $85.00) on shares of American Express in a report on Thursday, October 19th. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Wednesday, November 1st. Wells Fargo & Company assumed coverage on shares of American Express in a report on Tuesday, October 10th. They issued an “outperform” rating and a $105.00 price target on the stock. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $98.00 price target on shares of American Express in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. American Express currently has a consensus rating of “Hold” and a consensus price target of $92.44.

Shares of American Express Company (AXP) opened at $99.68 on Tuesday. The firm has a market cap of $85,475.93, a PE ratio of 18.86, a PEG ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. American Express Company has a 52 week low of $73.50 and a 52 week high of $100.53.

American Express (NYSE:AXP) last announced its earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 EPS. sell-side analysts forecast that American Express Company will post 5.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.40%. American Express’s dividend payout ratio (DPR) is currently 26.97%.

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About American Express

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).

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

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