Atria Investments Inc Increases Holdings in American Express (NYSE:AXP)

Atria Investments Inc grew its holdings in American Express (NYSE:AXP) by 26.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,931 shares of the payment services company’s stock after acquiring an additional 10,085 shares during the period. Atria Investments Inc’s holdings in American Express were worth $7,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. RB Capital Management LLC increased its holdings in shares of American Express by 5.3% in the first quarter. RB Capital Management LLC now owns 3,783 shares of the payment services company’s stock worth $707,000 after purchasing an additional 190 shares during the last quarter. Roundview Capital LLC increased its holdings in shares of American Express by 0.4% in the first quarter. Roundview Capital LLC now owns 27,029 shares of the payment services company’s stock worth $5,054,000 after purchasing an additional 105 shares during the last quarter. Zions Bancorporation N.A. increased its holdings in shares of American Express by 5.6% in the first quarter. Zions Bancorporation N.A. now owns 1,421 shares of the payment services company’s stock worth $266,000 after purchasing an additional 75 shares during the last quarter. Covestor Ltd increased its holdings in shares of American Express by 207.1% in the first quarter. Covestor Ltd now owns 946 shares of the payment services company’s stock worth $177,000 after purchasing an additional 638 shares during the last quarter. Finally, Donaldson Capital Management LLC bought a new stake in shares of American Express in the first quarter worth about $397,000. 83.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on American Express in a report on Wednesday, January 10th. They issued a “buy” rating and a $235.00 target price on the stock. Morgan Stanley reduced their price objective on American Express from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Monday, October 23rd. Barclays boosted their price objective on American Express from $216.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday. Royal Bank of Canada boosted their price objective on American Express from $220.00 to $226.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, StockNews.com raised American Express from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $187.63.

Read Our Latest Analysis on AXP

American Express Stock Up 1.6 %

Shares of NYSE AXP opened at $204.15 on Wednesday. The stock has a 50 day moving average price of $180.66 and a 200 day moving average price of $165.63. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.60 and a current ratio of 1.75. The firm has a market capitalization of $148.78 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.08 and a beta of 1.22. American Express has a 52-week low of $140.91 and a 52-week high of $204.77.

American Express (NYSE:AXPGet Free Report) last posted its earnings results on Friday, January 26th. The payment services company reported $2.62 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.02). The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16 billion. American Express had a return on equity of 31.01% and a net margin of 13.84%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. Sell-side analysts expect that American Express will post 12.92 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. American Express’s dividend payout ratio is presently 21.41%.

Insider Activity

In related news, Vice Chairman Douglas E. Buckminster sold 11,344 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $158.87, for a total value of $1,802,221.28. Following the transaction, the insider now directly owns 88,376 shares of the company’s stock, valued at approximately $14,040,295.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Vice Chairman Jeffrey C. Campbell sold 21,008 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $168.33, for a total value of $3,536,276.64. Following the transaction, the insider now directly owns 125,646 shares of the company’s stock, valued at approximately $21,149,991.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 11,344 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $158.87, for a total value of $1,802,221.28. Following the completion of the transaction, the insider now directly owns 88,376 shares in the company, valued at $14,040,295.12. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

American Express Company Profile

(Free Report)

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; accounts payable expense management products and services; and travel and lifestyle services.

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

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