Semmax Financial Advisors Inc. purchased a new position in shares of American Express (NYSE:AXP) in the 4th quarter, HoldingsChannel reports. The fund purchased 1,562 shares of the payment services company’s stock, valued at approximately $149,000.
Several other institutional investors have also recently added to or reduced their stakes in AXP. Pearl River Capital LLC acquired a new stake in American Express in the fourth quarter worth about $25,000. JNBA Financial Advisors acquired a new stake in American Express in the fourth quarter worth about $26,000. Capital Investment Advisory Services LLC acquired a new stake in American Express in the fourth quarter worth about $37,000. Vigilant Capital Management LLC acquired a new stake in American Express in the fourth quarter worth about $38,000. Finally, WESPAC Advisors SoCal LLC lifted its holdings in American Express by 305.0% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 405 shares of the payment services company’s stock worth $39,000 after purchasing an additional 305 shares during the period. Institutional investors and hedge funds own 84.07% of the company’s stock.
Shares of NYSE AXP opened at $112.35 on Friday. American Express has a twelve month low of $89.05 and a twelve month high of $114.55. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $93.13 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11.
American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, January 17th. The payment services company reported $1.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.06). American Express had a net margin of 17.08% and a return on equity of 30.35%. The business had revenue of $10.47 billion during the quarter, compared to analyst estimates of $10.54 billion. During the same period in the previous year, the company posted $1.58 earnings per share. American Express’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that American Express will post 8.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 5th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s payout ratio is 21.28%.
Several equities research analysts recently weighed in on AXP shares. Bank of America set a $108.00 price objective on shares of American Express and gave the stock a “hold” rating in a report on Friday, January 18th. Atlantic Securities raised shares of American Express from a “neutral” rating to an “overweight” rating and set a $100.80 price objective for the company in a report on Tuesday, January 29th. Morgan Stanley reduced their price objective on shares of American Express from $113.00 to $111.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. Zacks Investment Research downgraded shares of American Express from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Friday, December 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. American Express currently has an average rating of “Hold” and a consensus price target of $111.52.
In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $103.02, for a total value of $1,287,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Petrino sold 2,444 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $107.11, for a total transaction of $261,776.84. Following the completion of the sale, the executive vice president now directly owns 7,591 shares of the company’s stock, valued at $813,072.01. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
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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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