Baillie Gifford & Co. Has $26.83 Million Holdings in American Express (AXP)

Baillie Gifford & Co. lowered its stake in shares of American Express (NYSE:AXP) by 66.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 251,942 shares of the payment services company’s stock after selling 496,275 shares during the period. Baillie Gifford & Co.’s holdings in American Express were worth $26,829,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Tuttle Tactical Management purchased a new position in American Express in the second quarter valued at approximately $105,000. Ancora Advisors LLC purchased a new position in American Express in the third quarter valued at approximately $106,000. Lenox Wealth Advisors LLC lifted its stake in American Express by 1,173.8% in the third quarter. Lenox Wealth Advisors LLC now owns 1,070 shares of the payment services company’s stock valued at $114,000 after purchasing an additional 986 shares during the last quarter. Sageworth Trust Co lifted its stake in American Express by 455.6% in the third quarter. Sageworth Trust Co now owns 1,250 shares of the payment services company’s stock valued at $133,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in American Express by 67.7% in the third quarter. Westside Investment Management Inc. now owns 1,595 shares of the payment services company’s stock valued at $171,000 after purchasing an additional 644 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Shares of NYSE:AXP opened at $112.27 on Friday. American Express has a 52-week low of $87.54 and a 52-week high of $113.18. The firm has a market capitalization of $95.09 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.44 and a beta of 1.06. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.58.

American Express (NYSE:AXP) last announced its earnings results on Thursday, October 18th. The payment services company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. American Express had a net margin of 9.51% and a return on equity of 31.26%. The company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.06 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. Sell-side analysts predict that American Express will post 7.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Investors of record on Friday, January 4th will be given a $0.39 dividend. The ex-dividend date is Thursday, January 3rd. This represents a $1.56 annualized dividend and a yield of 1.39%. American Express’s dividend payout ratio (DPR) is presently 26.58%.

In other American Express news, insider Marc D. Gordon sold 25,948 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $107.83, for a total transaction of $2,797,972.84. Following the completion of the sale, the insider now directly owns 33,111 shares in the company, valued at $3,570,359.13. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Scott Murcray purchased 350,000 shares of the business’s stock in a transaction on Monday, September 3rd. The shares were acquired at an average price of $0.28 per share, with a total value of $98,000.00. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Co boosted their target price on shares of American Express from $115.00 to $122.00 and gave the company an “outperform” rating in a report on Monday, October 1st. BMO Capital Markets boosted their target price on shares of American Express from $106.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, October 19th. Buckingham Research cut shares of American Express from a “buy” rating to a “neutral” rating and set a $112.00 target price on the stock. in a report on Thursday. They noted that the move was a valuation call. Oppenheimer set a $114.00 target price on shares of American Express and gave the company a “buy” rating in a report on Monday, November 5th. Finally, Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $112.70.

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American Express Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

Read More: Stock Split

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

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