Regatta Capital Group LLC Raises Position in American Express (NYSE:AXP)

Regatta Capital Group LLC grew its holdings in shares of American Express (NYSE:AXP) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,568 shares of the payment services company’s stock after purchasing an additional 103 shares during the period. Regatta Capital Group LLC’s holdings in American Express were worth $481,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new stake in shares of American Express during the 4th quarter valued at $28,000. Baldwin Brothers LLC MA increased its position in shares of American Express by 134.8% in the 4th quarter. Baldwin Brothers LLC MA now owns 155 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Tyler Stone Wealth Management acquired a new position in shares of American Express in the 2nd quarter valued at $27,000. Pacifica Partners Inc. acquired a new position in shares of American Express in the 4th quarter valued at $29,000. Finally, BluePath Capital Management LLC acquired a new position in shares of American Express in the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insiders Place Their Bets

In other American Express news, CEO Stephen J. Squeri sold 69,356 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $213.02, for a total value of $14,774,215.12. Following the transaction, the chief executive officer now directly owns 122,158 shares of the company’s stock, valued at approximately $26,022,097.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Stephen J. Squeri sold 69,356 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the completion of the sale, the chief executive officer now owns 122,158 shares in the company, valued at approximately $26,022,097.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Monique Herena sold 11,242 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $208.41, for a total transaction of $2,342,945.22. Following the sale, the insider now owns 13,874 shares of the company’s stock, valued at approximately $2,891,480.34. The disclosure for this sale can be found here. Insiders have sold 172,047 shares of company stock valued at $36,528,388 in the last ninety days. 0.11% of the stock is currently owned by corporate insiders.

American Express Trading Down 0.1 %

Shares of American Express stock opened at $227.51 on Tuesday. The firm has a market capitalization of $164.69 billion, a PE ratio of 20.30, a P/E/G ratio of 1.28 and a beta of 1.23. American Express has a twelve month low of $140.91 and a twelve month high of $231.69. The firm’s 50-day moving average price is $214.55 and its 200 day moving average price is $182.24. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.71.

American Express (NYSE:AXPGet Free Report) last released 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). American Express had a return on equity of 30.99% and a net margin of 13.84%. The business had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16 billion. During the same period last year, the business earned $2.07 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, sell-side analysts predict that American Express will post 12.83 EPS for the current fiscal year.

American Express Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 5th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is 21.41%.

Analyst Ratings Changes

Several research firms recently issued reports on AXP. Stephens raised American Express from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $148.00 to $193.00 in a research report on Tuesday, January 2nd. Evercore ISI increased their price target on American Express from $229.00 to $243.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. DZ Bank downgraded American Express from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Barclays increased their price target on American Express from $216.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, Oppenheimer increased their price target on American Express from $208.00 to $219.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, American Express presently has a consensus rating of “Hold” and a consensus target price of $191.84.

Get Our Latest Research Report on American Express

American Express Company Profile

(Free Report)

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.

Featured Articles

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXPFree Report).

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

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.