Moon Capital Management LLC purchased a new position in shares of American Express Company (NYSE:AXP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,765 shares of the payment services company’s stock, valued at approximately $275,000.
Several other hedge funds have also bought and sold shares of AXP. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of American Express by 30.4% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after buying an additional 300 shares during the period. Capital Analysts LLC purchased a new position in shares of American Express in the second quarter worth $115,000. Zions Bancorporation increased its stake in shares of American Express by 912.9% in the third quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after buying an additional 1,205 shares during the period. MV Capital Management Inc. increased its stake in shares of American Express by 3.5% in the second quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after buying an additional 49 shares during the period. Finally, Westside Investment Management Inc. increased its stake in shares of American Express by 0.5% in the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after buying an additional 8 shares during the period. 83.35% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider James Peter Bush sold 12,789 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the sale, the insider now owns 92,504 shares in the company, valued at approximately $9,199,522.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Anre D. Williams sold 30,761 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the sale, the insider now owns 28,720 shares in the company, valued at approximately $2,682,735.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 442,869 shares of company stock worth $42,823,869. Company insiders own 0.67% of the company’s stock.
American Express Company (NYSE:AXP) opened at $100.97 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. The stock has a market cap of $87,433.27, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.45 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 issued its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $8.31 billion. During the same period in the previous year, the firm earned $1.24 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. equities research analysts predict that American Express Company will post 5.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s dividend payout ratio (DPR) is presently 26.97%.
ILLEGAL ACTIVITY WARNING: “Moon Capital Management LLC Purchases Shares of 2,765 American Express Company (AXP)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.com-unik.info/2018/01/13/moon-capital-management-llc-purchases-shares-of-2765-american-express-company-axp.html.
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).
Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP).
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.