Jump Trading LLC acquired a new position in shares of American Express (NYSE:AXP) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,044 shares of the payment services company’s stock, valued at approximately $1,196,000. American Express comprises about 0.2% of Jump Trading LLC’s investment portfolio, making the stock its 28th largest holding.
Other institutional investors also recently modified their holdings of the company. Trustcore Financial Services LLC purchased a new stake in American Express in the 4th quarter worth approximately $128,000. Zions Bancorporation grew its stake in American Express by 912.9% in the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after acquiring an additional 1,205 shares during the period. Delpha Capital Management LLC purchased a new stake in American Express in the 4th quarter worth approximately $138,000. Focused Wealth Management Inc purchased a new stake in American Express in the 4th quarter worth approximately $139,000. Finally, First Dallas Securities Inc. purchased a new stake in American Express in the 4th quarter worth approximately $139,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.
Shares of American Express stock opened at $95.45 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.06. American Express has a 12-month low of $75.51 and a 12-month high of $102.39. The firm has a market cap of $82,251.26, a price-to-earnings ratio of 32.97, a P/E/G ratio of 1.31 and a beta of 1.16.
American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 26.00%. The firm had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the company earned $0.91 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. analysts anticipate that American Express will post 7.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Friday, April 6th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.47%. American Express’s dividend payout ratio (DPR) is 48.28%.
In related news, insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the completion of the sale, the insider now directly owns 100,790 shares of the company’s stock, valued at approximately $9,942,933.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.67% of the stock is currently owned by corporate insiders.
Several analysts have commented on AXP shares. Barclays lifted their target price on shares of American Express from $112.00 to $119.00 in a research note on Friday, January 19th. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Thursday, January 11th. Instinet initiated coverage on shares of American Express in a research note on Wednesday, January 3rd. They set a “buy” rating and a $110.00 price objective for the company. Deutsche Bank initiated coverage on shares of American Express in a research note on Tuesday, January 2nd. They set a “buy” rating and a $118.00 price objective for the company. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $116.00 price objective on shares of American Express in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. American Express has a consensus rating of “Hold” and a consensus price target of $103.89.
American Express Profile
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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