Hager Investment Management Services LLC boosted its stake in American Express Company (NYSE:AXP - Free Report) by 39.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,898 shares of the payment services company's stock after purchasing an additional 1,093 shares during the period. Hager Investment Management Services LLC's holdings in American Express were worth $1,049,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Investment Management Corp VA ADV acquired a new stake in American Express during the 4th quarter worth about $29,000. MorganRosel Wealth Management LLC acquired a new stake in American Express during the 1st quarter worth about $29,000. Sellwood Investment Partners LLC acquired a new stake in American Express during the 4th quarter worth about $33,000. Murphy & Mullick Capital Management Corp acquired a new stake in American Express during the 4th quarter worth about $33,000. Finally, Nexus Investment Management ULC acquired a new stake in American Express during the 1st quarter worth about $34,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.
American Express Stock Down 0.1%
NYSE AXP traded down $0.26 during trading hours on Wednesday, hitting $310.39. The company's stock had a trading volume of 1,056,119 shares, compared to its average volume of 2,837,806. American Express Company has a 52 week low of $220.43 and a 52 week high of $329.14. The company has a market capitalization of $217.46 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The company's 50-day simple moving average is $302.35 and its two-hundred day simple moving average is $290.77.
American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.47 by $0.17. American Express had a net margin of 15.31% and a return on equity of 32.48%. The firm had revenue of $16.97 billion for the quarter, compared to analysts' expectations of $17.04 billion. During the same quarter last year, the firm earned $3.33 EPS. Research analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.
American Express Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a $0.82 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.06%. American Express's payout ratio is presently 22.91%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on AXP shares. Royal Bank Of Canada reiterated an "outperform" rating on shares of American Express in a report on Monday. JPMorgan Chase & Co. raised their target price on American Express from $260.00 to $342.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Redburn Atlantic upgraded American Express from a "sell" rating to a "neutral" rating and reduced their target price for the company from $270.00 to $255.00 in a research note on Wednesday, April 23rd. BTIG Research set a $277.00 target price on American Express and gave the company a "sell" rating in a research note on Monday. Finally, William Blair restated an "outperform" rating on shares of American Express in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, American Express currently has an average rating of "Hold" and an average price target of $307.68.
Check Out Our Latest Analysis on American Express
Insider Buying and Selling
In other news, insider Howard Grosfield sold 9,450 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the transaction, the insider owned 9,402 shares in the company, valued at $2,590,251. The trade was a 50.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the completion of the transaction, the insider owned 10,919 shares in the company, valued at $2,889,822.54. The trade was a 21.66% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.
About American Express
(
Free Report)
American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.
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