American Express Company (AXP) Holdings Increased by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in shares of American Express Company (NYSE:AXP) by 55.9% in the third quarter, HoldingsChannel.com reports. The fund owned 2,675,599 shares of the payment services company’s stock after acquiring an additional 959,824 shares during the quarter. Janus Henderson Group PLC’s holdings in American Express were worth $242,003,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AXP. Vanguard Group Inc. grew its stake in shares of American Express by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 50,233,957 shares of the payment services company’s stock valued at $4,231,710,000 after buying an additional 731,428 shares during the period. BlackRock Inc. lifted its position in American Express by 1.1% in the 2nd quarter. BlackRock Inc. now owns 44,685,897 shares of the payment services company’s stock valued at $3,764,339,000 after acquiring an additional 508,030 shares in the last quarter. First Eagle Investment Management LLC lifted its position in 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 acquiring an additional 103,546 shares in the last quarter. Fisher Asset Management LLC lifted its position in American Express by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 11,547,390 shares of the payment services company’s stock valued at $1,044,577,000 after acquiring an additional 300,042 shares in the last quarter. Finally, Veritas Asset Management LLP lifted its position in American Express by 7.1% in the 3rd quarter. Veritas Asset Management LLP now owns 11,039,153 shares of the payment services company’s stock valued at $998,602,000 after acquiring an additional 735,952 shares in the last quarter. Hedge funds and other institutional investors own 83.35% of the company’s stock.

In related news, insider Susan Sobbott sold 5,500 shares of American Express stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $94.34, for a total value of $518,870.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James Peter Bush sold 12,789 shares of American Express stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the completion of the sale, the insider now directly owns 92,504 shares in the company, valued at approximately $9,199,522.80. The disclosure for this sale can be found here. Insiders sold a total of 442,869 shares of company stock worth $42,823,869 in the last ninety days. 0.67% of the stock is currently owned by insiders.

Several equities analysts recently weighed in on AXP shares. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Monday, September 11th. Buckingham Research started coverage on shares of American Express in a research report on Monday, October 2nd. They issued a “neutral” rating and a $92.00 price target on the stock. Credit Suisse Group reaffirmed a “sell” rating and issued a $79.00 price target on shares of American Express in a research report on Wednesday, October 4th. Bank of America reaffirmed a “buy” rating and issued a $102.00 price target on shares of American Express in a research report on Monday, October 9th. Finally, Wells Fargo & Co started coverage on shares of American Express in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $105.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $97.44.

Shares of American Express Company (AXP) opened at $100.15 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31. The company has a market cap of $86,930.00, a P/E ratio of 19.33, a P/E/G ratio of 1.49 and a beta of 1.22. American Express Company has a 1-year low of $75.39 and a 1-year high of $101.65.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be issued a $0.35 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.40%. American Express’s dividend payout ratio (DPR) is presently 27.03%.

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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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