Peoples Financial Services CORP. Sells 625 Shares of American Express (AXP)

Peoples Financial Services CORP. lowered its holdings in shares of American Express (NYSE:AXP) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,464 shares of the payment services company’s stock after selling 625 shares during the quarter. American Express accounts for 1.4% of Peoples Financial Services CORP.’s investment portfolio, making the stock its 18th biggest holding. Peoples Financial Services CORP.’s holdings in American Express were worth $2,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in American Express by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 49,872,420 shares of the payment services company’s stock worth $5,310,914,000 after buying an additional 364,282 shares during the last quarter. Vanguard Group Inc raised its position in American Express by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 49,872,420 shares of the payment services company’s stock worth $5,310,914,000 after buying an additional 364,282 shares during the last quarter. BlackRock Inc. raised its position in American Express by 2.4% during the 3rd quarter. BlackRock Inc. now owns 45,176,984 shares of the payment services company’s stock worth $4,810,897,000 after buying an additional 1,045,964 shares during the last quarter. FMR LLC raised its position in American Express by 71.6% during the 3rd quarter. FMR LLC now owns 16,447,370 shares of the payment services company’s stock worth $1,751,481,000 after buying an additional 6,861,701 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in American Express by 2.4% during the 3rd quarter. Fisher Asset Management LLC now owns 10,357,743 shares of the payment services company’s stock worth $1,102,996,000 after buying an additional 246,871 shares during the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

A number of equities analysts have recently issued reports on AXP shares. Nomura increased their price target on shares of American Express from $128.00 to $130.00 and gave the company a “buy” rating in a report on Friday, October 19th. Bank of America downgraded shares of American Express from a “buy” rating to a “neutral” rating and dropped their target price for the company from $125.00 to $115.00 in a report on Wednesday, December 19th. BMO Capital Markets raised 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. Stephens set a $131.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Saturday, October 20th. Finally, Morgan Stanley raised their price target on shares of American Express from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, October 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. American Express currently has an average rating of “Hold” and an average price target of $112.50.

Shares of AXP traded up $0.09 during mid-day trading on Monday, hitting $98.64. The company had a trading volume of 175,210 shares, compared to its average volume of 3,669,266. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.88 and a current ratio of 1.88. American Express has a 1-year low of $87.54 and a 1-year high of $114.55. The stock has a market capitalization of $84.43 billion, a PE ratio of 16.81, a P/E/G ratio of 1.15 and a beta of 1.14.

American Express (NYSE:AXP) last released its earnings results on Thursday, October 18th. The payment services company reported $1.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period last year, the company earned $1.50 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts expect that American Express will post 7.38 earnings per share for the current fiscal 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 of this dividend is Thursday, January 3rd. This represents a $1.56 annualized dividend and a dividend yield of 1.58%. American Express’s dividend payout ratio is presently 26.58%.

In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of American Express stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $103.84, for a total transaction of $1,298,000.00. Following the transaction, the chairman now directly owns 209,957 shares of the company’s stock, valued at $21,801,934.88. The sale was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

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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.

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

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