Hunter Associates Investment Management LLC Boosts Stock Position in American Express (NYSE:AXP)

Hunter Associates Investment Management LLC raised its holdings in shares of American Express (NYSE:AXP) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,524 shares of the payment services company’s stock after buying an additional 106 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in American Express were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AXP. Tyler Stone Wealth Management bought a new stake in American Express during the second quarter valued at approximately $27,000. BluePath Capital Management LLC purchased a new position in American Express in the third quarter worth $29,000. RVW Wealth LLC bought a new position in American Express in the third quarter valued at $33,000. BOK Financial Private Wealth Inc. raised its position in American Express by 2,142.9% during the third quarter. BOK Financial Private Wealth Inc. now owns 314 shares of the payment services company’s stock valued at $47,000 after purchasing an additional 300 shares in the last quarter. Finally, Brown Shipley& Co Ltd bought a new stake in American Express during the second quarter worth about $49,000. 83.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Express

In other news, Vice Chairman Jeffrey C. Campbell sold 21,008 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 125,646 shares of the company’s stock, valued at approximately $21,149,991.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Howard Grosfield sold 7,029 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $203.65, for a total value of $1,431,455.85. Following the sale, the insider now directly owns 12,388 shares of the company’s stock, valued at approximately $2,522,816.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jeffrey C. Campbell sold 21,008 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $168.33, for a total transaction of $3,536,276.64. Following the completion of the transaction, the insider now owns 125,646 shares of the company’s stock, valued at $21,149,991.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,381 shares of company stock valued at $6,769,954. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AXP shares. UBS Group increased their price objective on American Express from $188.00 to $206.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $167.00 to $205.00 in a research note on Thursday, January 4th. Monness Crespi & Hardt initiated coverage on shares of American Express in a report on Wednesday, December 20th. They issued a “neutral” rating for the company. Barclays increased their target price on shares of American Express from $216.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Finally, StockNews.com raised shares of 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, eight have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $189.00.

Check Out Our Latest Stock Analysis on AXP

American Express Price Performance

AXP opened at $212.30 on Monday. 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 stock has a market capitalization of $153.54 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.15 and a beta of 1.23. The stock’s 50 day moving average price is $187.08 and its 200-day moving average price is $167.56. American Express has a 52-week low of $140.91 and a 52-week high of $214.25.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings data on Friday, January 26th. The payment services company reported $2.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.02). American Express had a net margin of 13.84% and a return on equity of 31.01%. The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities research analysts predict that American Express will post 12.83 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 5th were issued a $0.60 dividend. The ex-dividend date was Thursday, January 4th. This represents a $2.40 annualized dividend and a yield of 1.13%. American Express’s dividend payout ratio (DPR) is presently 21.41%.

About American Express

(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.

Further Reading

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

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