2,313 Shares in American Express Company (AXP) Acquired by Wealth Architects LLC

Wealth Architects LLC acquired a new stake in shares of American Express Company (NYSE:AXP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,313 shares of the payment services company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Matthew Goff Investment Advisor LLC bought a new stake in American Express during the first quarter worth $2,543,000. Bronfman E.L. Rothschild L.P. grew its holdings in American Express by 10.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock worth $478,000 after buying an additional 554 shares in the last quarter. Vanguard Group Inc. grew its holdings in American Express by 1.5% during the first quarter. Vanguard Group Inc. now owns 49,502,529 shares of the payment services company’s stock worth $3,916,145,000 after buying an additional 722,235 shares in the last quarter. Shelton Capital Management bought a new stake in American Express during the second quarter worth $670,000. Finally, Crossmark Global Holdings Inc. bought a new stake in American Express during the third quarter worth $5,505,000. Hedge funds and other institutional investors own 83.35% of the company’s stock.

Several equities research analysts recently issued reports on AXP shares. Zacks Investment Research downgraded American Express from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Morgan Stanley reduced their price objective on American Express from $90.00 to $89.00 and set an “equal weight” rating for the company in a research note on Friday, September 8th. Buckingham Research assumed coverage on American Express in a research note on Monday, October 2nd. They issued a “neutral” rating and a $92.00 price objective for the company. Credit Suisse Group restated a “sell” rating and issued a $79.00 price objective on shares of American Express in a research note on Wednesday, October 4th. Finally, Bank of America restated a “buy” rating and issued a $102.00 price objective on shares of American Express in a research note on Monday, October 9th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the stock. American Express has an average rating of “Hold” and an average price target of $94.04.

American Express Company (NYSE:AXP) opened at $99.13 on Thursday. American Express Company has a 1 year low of $73.50 and a 1 year high of $100.53. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $85,380.00, a price-to-earnings ratio of 19.14, a PEG ratio of 1.65 and a beta of 1.22.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders 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 dividend yield of 1.41%. American Express’s dividend payout ratio is presently 27.03%.

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

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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).

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

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