American Express Company (AXP) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its holdings in shares of American Express Company (NYSE:AXP) by 3.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,113,366 shares of the payment services company’s stock after purchasing an additional 73,075 shares during the period. Nordea Investment Management AB owned 0.24% of American Express worth $191,175,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of AXP. Roosevelt Investment Group Inc. boosted its holdings in shares of American Express by 2,127.1% during the first quarter. Roosevelt Investment Group Inc. now owns 107,927 shares of the payment services company’s stock worth $8,538,000 after acquiring an additional 103,081 shares during the period. Independent Investors Inc. boosted its holdings in shares of American Express by 2.6% during the first quarter. Independent Investors Inc. now owns 15,914 shares of the payment services company’s stock worth $1,258,000 after acquiring an additional 400 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of American Express by 1.9% during the first quarter. Mackenzie Financial Corp now owns 8,210 shares of the payment services company’s stock worth $649,000 after acquiring an additional 156 shares during the period. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 722,235 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of American Express by 13.5% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 21,270 shares of the payment services company’s stock worth $1,657,000 after acquiring an additional 2,530 shares during the period. Institutional investors and hedge funds own 83.35% of the company’s stock.

In other American Express news, CEO Kenneth I. Chenault sold 96,440 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $114,651,800.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James Peter Bush sold 10,230 shares of the business’s stock in a transaction that occurred on 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 90 days, insiders have sold 440,310 shares of company stock valued at $42,478,329. Company insiders own 0.67% of the company’s stock.

A number of equities research analysts have recently issued reports on AXP shares. 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 report on Friday, September 8th. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Monday, September 11th. Buckingham Research started coverage on American Express in a report on Monday, October 2nd. They set a “neutral” rating and a $92.00 price objective for the company. Credit Suisse Group restated a “sell” rating and set a $79.00 price objective on shares of American Express in a report on Wednesday, October 4th. Finally, Bank of America restated a “buy” rating and set a $102.00 price objective on shares of American Express in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. American Express has a consensus rating of “Hold” and a consensus target price of $94.04.

Shares of American Express Company (AXP) opened at $99.31 on Friday. American Express Company has a 12 month low of $73.50 and a 12 month high of $100.53. The stock has a market capitalization of $86,200.68, a P/E ratio of 19.02, a P/E/G ratio of 1.65 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.90 and a quick ratio of 1.90.

American Express (NYSE:AXP) last announced its quarterly earnings data 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 the consensus estimate of $8.31 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. research analysts predict that American Express Company will post 5.86 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.40 annualized dividend and a yield of 1.41%. American Express’s dividend payout ratio is currently 26.97%.

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American Express 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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