Private Ocean LLC Has $183,000 Stock Position in American Express (NYSE:AXP)

Private Ocean LLC grew its position in shares of American Express (NYSE:AXP) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,542 shares of the payment services company’s stock after acquiring an additional 148 shares during the quarter. Private Ocean LLC’s holdings in American Express were worth $183,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AXP. Welch Group LLC boosted its holdings in shares of American Express by 2.2% in the 2nd quarter. Welch Group LLC now owns 3,855 shares of the payment services company’s stock valued at $476,000 after buying an additional 84 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of American Express by 2.0% in the 2nd quarter. Signaturefd LLC now owns 4,492 shares of the payment services company’s stock valued at $554,000 after buying an additional 88 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. boosted its holdings in shares of American Express by 1.0% in the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 8,544 shares of the payment services company’s stock valued at $1,011,000 after buying an additional 88 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of American Express by 0.7% in the 2nd quarter. Hodges Capital Management Inc. now owns 12,708 shares of the payment services company’s stock valued at $1,569,000 after buying an additional 90 shares during the last quarter. Finally, Acropolis Investment Management LLC boosted its holdings in shares of American Express by 0.9% in the 3rd quarter. Acropolis Investment Management LLC now owns 10,561 shares of the payment services company’s stock valued at $1,249,000 after buying an additional 97 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

AXP traded up $0.19 during trading hours on Friday, reaching $121.47. The company’s stock had a trading volume of 1,953,078 shares, compared to its average volume of 3,349,832. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $97.19 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05. The company’s 50-day moving average is $117.31 and its 200-day moving average is $120.44. American Express has a 52 week low of $89.05 and a 52 week high of $129.34.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.01. The firm had revenue of $10.99 billion for the quarter, compared to analysts’ expectations of $10.94 billion. American Express had a return on equity of 29.68% and a net margin of 16.51%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 EPS. Equities analysts anticipate that American Express will post 8.16 earnings per share for the current fiscal year.

The company also recently disclosed a 0.39000 dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were given a dividend of $0.43 per share. This represents a yield of 1.3%. The ex-dividend date of this dividend was Thursday, October 3rd. American Express’s payout ratio is 23.47%.

A number of equities research analysts recently weighed in on the company. Wells Fargo & Co set a $140.00 price target on American Express and gave the company a “buy” rating in a research note on Monday, October 21st. William Blair restated a “buy” rating on shares of American Express in a research note on Friday, October 18th. ValuEngine cut American Express from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Oppenheimer set a $126.00 price target on American Express and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Morgan Stanley increased their price target on American Express from $142.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $124.96.

In other American Express news, CEO Stephen J. Squeri sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $118.33, for a total transaction of $1,774,950.00. Following the transaction, the chief executive officer now owns 199,609 shares in the company, valued at approximately $23,619,732.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Denise Pickett sold 2,400 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $118.39, for a total value of $284,136.00. Following the transaction, the insider now owns 9,788 shares in the company, valued at approximately $1,158,801.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,820 shares of company stock worth $3,039,511 in the last quarter. Company insiders own 0.21% of the company’s stock.

About American Express

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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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

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