Householder Group Estate & Retirement Specialist LLC Has $790,000 Holdings in American Express (NYSE:AXP)

Householder Group Estate & Retirement Specialist LLC cut its holdings in American Express (NYSE:AXP) by 2.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,218 shares of the payment services company’s stock after selling 114 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in American Express were worth $790,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in American Express by 1.7% in the second quarter. State Street Corp now owns 30,320,053 shares of the payment services company’s stock valued at $5,281,753,000 after buying an additional 507,042 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of American Express by 118,198.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,732,068 shares of the payment services company’s stock worth $2,028,913,000 after purchasing an additional 13,720,460 shares during the period. Morgan Stanley raised its position in shares of American Express by 0.3% during the fourth quarter. Morgan Stanley now owns 12,503,902 shares of the payment services company’s stock worth $1,847,452,000 after purchasing an additional 35,760 shares during the period. Northern Trust Corp raised its position in shares of American Express by 0.6% during the third quarter. Northern Trust Corp now owns 6,953,460 shares of the payment services company’s stock worth $1,037,387,000 after purchasing an additional 41,443 shares during the period. Finally, Norges Bank acquired a new position in shares of American Express during the fourth quarter worth approximately $911,554,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Howard Grosfield sold 7,029 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $203.65, for a total transaction of $1,431,455.85. Following the sale, the insider now owns 12,388 shares of the company’s stock, valued at approximately $2,522,816.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Laureen Seeger sold 84,420 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $212.98, for a total transaction of $17,979,771.60. Following the sale, the insider now owns 57,512 shares of the company’s stock, valued at approximately $12,248,905.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Howard Grosfield sold 7,029 shares of the stock in a transaction dated Tuesday, January 30th. The stock was 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 in the company, valued at approximately $2,522,816.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 172,047 shares of company stock valued at $36,528,388. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AXP. JPMorgan Chase & Co. upped their target price on American Express from $214.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays upped their price target on American Express from $216.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. StockNews.com upgraded American Express from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group upped their price target on American Express from $188.00 to $206.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Finally, Stephens upgraded American Express from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $148.00 to $193.00 in a report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $193.68.

Get Our Latest Report on AXP

American Express Stock Up 0.5 %

AXP stock opened at $226.69 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $164.09 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.26 and a beta of 1.23. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $231.69. The stock has a fifty day moving average of $216.17 and a 200-day moving average of $182.98.

American Express (NYSE:AXPGet Free Report) last posted its quarterly earnings results on Friday, January 26th. The payment services company reported $2.62 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.02). The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16 billion. American Express had a return on equity of 30.99% and a net margin of 13.84%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 EPS. As a group, equities research analysts predict that American Express will post 12.83 earnings per share for the current year.

American Express Cuts Dividend

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

American Express 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.

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

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