Quantinno Capital Management LP Has $16.67 Million Stock Holdings in American Express (NYSE:AXP)

Quantinno Capital Management LP increased its holdings in shares of American Express (NYSE:AXP) by 54.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,156 shares of the payment services company's stock after purchasing an additional 19,745 shares during the period. Quantinno Capital Management LP's holdings in American Express were worth $16,667,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AXP. Sellwood Investment Partners LLC bought a new position in shares of American Express in the 4th quarter worth $33,000. Murphy & Mullick Capital Management Corp bought a new position in American Express in the 4th quarter valued at about $33,000. Curio Wealth LLC bought a new position in shares of American Express in the fourth quarter valued at approximately $37,000. Financial Life Planners purchased a new position in shares of American Express during the fourth quarter valued at approximately $38,000. Finally, Sierra Ocean LLC bought a new stake in American Express during the fourth quarter worth $40,000. 84.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Glenda G. Mcneal sold 3,019 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total transaction of $799,008.54. Following the completion of the sale, the insider now owns 10,919 shares of the company's stock, valued at $2,889,822.54. This represents a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the business's stock in a transaction 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 now directly owns 9,402 shares in the company, valued at $2,590,251. This trade represents a 50.13% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AXP has been the subject of several analyst reports. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and lowered their target price for the company from $270.00 to $255.00 in a report on Wednesday, April 23rd. Compass Point reduced their target price on American Express from $325.00 to $309.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Robert W. Baird upgraded American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price target on the stock in a report on Friday, March 14th. William Blair reaffirmed an "outperform" rating on shares of American Express in a report on Monday, April 21st. Finally, HSBC increased their price objective on American Express from $270.00 to $294.00 and gave the stock a "hold" rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $295.05.

American Express Stock Performance

Shares of AXP stock opened at $302.28 on Wednesday. The company's 50 day moving average is $264.02 and its 200 day moving average is $287.55. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The firm has a market cap of $211.77 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.41 and a beta of 1.23. American Express has a 52-week low of $220.43 and a 52-week high of $326.28.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.17. American Express had a net margin of 15.36% and a return on equity of 32.65%. The business had revenue of $16.97 billion for the quarter, compared to analysts' expectations of $17.04 billion. During the same period last year, the business earned $3.33 EPS. On average, sell-side analysts anticipate that American Express will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 4th were paid a $0.82 dividend. This is a positive change from American Express's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.28 dividend on an annualized basis and a yield of 1.09%. American Express's dividend payout ratio (DPR) is 22.91%.

American Express Profile

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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