Global Retirement Partners LLC Grows Stock Holdings in American Express (NYSE:AXP)


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Global Retirement Partners LLC lifted its position in shares of American Express (NYSE:AXP) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,269 shares of the payment services company’s stock after purchasing an additional 198 shares during the period. Global Retirement Partners LLC’s holdings in American Express were worth $879,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AXP. Sequoia Financial Advisors LLC lifted its position in shares of American Express by 33.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,250 shares of the payment services company’s stock worth $595,000 after purchasing an additional 1,549 shares during the last quarter. FormulaFolio Investments LLC purchased a new stake in shares of American Express during the 2nd quarter worth $276,000. Orion Portfolio Solutions LLC lifted its position in shares of American Express by 5.0% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 5,297 shares of the payment services company’s stock worth $504,000 after purchasing an additional 251 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of American Express by 74.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 300,931 shares of the payment services company’s stock worth $28,649,000 after purchasing an additional 128,331 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of American Express by 2.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 234,449 shares of the payment services company’s stock worth $22,258,000 after purchasing an additional 5,710 shares during the last quarter. 83.54% of the stock is owned by institutional investors and hedge funds.

Shares of American Express stock opened at $122.40 on Thursday. American Express has a 52-week low of $67.00 and a 52-week high of $138.13. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.05. The company’s 50-day simple moving average is $120.16 and its 200-day simple moving average is $105.48. The firm has a market cap of $98.56 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 3.27 and a beta of 1.36.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 23rd. The payment services company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). American Express had a return on equity of 21.31% and a net margin of 8.84%. The firm had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same quarter last year, the firm earned $2.08 earnings per share. The company’s revenue was down 20.4% compared to the same quarter last year. Equities research analysts anticipate that American Express will post 4.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 10th. Stockholders of record on Friday, January 8th will be given a $0.43 dividend. The ex-dividend date is Thursday, January 7th. This represents a $1.72 annualized dividend and a dividend yield of 1.41%. American Express’s dividend payout ratio is presently 20.98%.

In other American Express news, insider Douglas E. Buckminster sold 14,827 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $96.85, for a total transaction of $1,435,994.95. Following the transaction, the insider now owns 96,633 shares in the company, valued at $9,358,906.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Anna Marrs sold 2,064 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $119.56, for a total value of $246,771.84. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

AXP has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of American Express from $108.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, January 6th. UBS Group raised shares of American Express from a “sell” rating to a “neutral” rating and boosted their price target for the company from $90.00 to $116.00 in a research report on Tuesday, November 10th. Wells Fargo & Company boosted their price target on shares of American Express from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, January 4th. Oppenheimer reissued a “buy” rating on shares of American Express in a research report on Sunday, October 25th. Finally, TheStreet raised shares of American Express from a “c” rating to a “b-” rating in a research report on Friday, October 23rd. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. American Express has a consensus rating of “Hold” and an average target price of $115.85.

About American Express

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; expense management products and services; and lifestyle services.

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

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