Moon Capital Management LLC Purchases Shares of 2,765 American Express Company (AXP)

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.

AXP has been the topic of several analyst reports. Buckingham Research initiated coverage on shares of American Express in a research note on Monday, October 2nd. They issued a “neutral” rating and a $92.00 target price on the stock. Credit Suisse Group reaffirmed a “sell” rating and issued a $79.00 target price on shares of American Express in a research note on Wednesday, October 4th. Bank of America reaffirmed a “buy” rating and issued a $102.00 target price on shares of American Express in a research note on Monday, October 9th. Wells Fargo & Co initiated coverage on shares of American Express in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $105.00 target price on the stock. Finally, Compass Point downgraded shares of American Express from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $98.96.

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%.

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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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