American Express (NYSE:AXP) Shares Bought by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. increased its holdings in shares of American Express (NYSE:AXP) by 3.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,015 shares of the payment services company’s stock after acquiring an additional 195 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in American Express were worth $1,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AXP. Hexagon Capital Partners LLC raised its position in American Express by 3.4% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,490 shares of the payment services company’s stock valued at $279,000 after purchasing an additional 49 shares during the period. Level Four Advisory Services LLC increased its position in shares of American Express by 2.3% during the fourth quarter. Level Four Advisory Services LLC now owns 2,188 shares of the payment services company’s stock worth $410,000 after acquiring an additional 50 shares during the period. Bath Savings Trust Co increased its position in shares of American Express by 1.9% during the first quarter. Bath Savings Trust Co now owns 3,064 shares of the payment services company’s stock worth $698,000 after acquiring an additional 56 shares during the period. Strategic Advisors LLC increased its position in shares of American Express by 1.1% during the fourth quarter. Strategic Advisors LLC now owns 5,244 shares of the payment services company’s stock worth $982,000 after acquiring an additional 58 shares during the period. Finally, Transcend Capital Advisors LLC increased its position in shares of American Express by 4.0% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,584 shares of the payment services company’s stock worth $297,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AXP. Barclays reaffirmed an “equal weight” rating and set a $221.00 price objective (up previously from $220.00) on shares of American Express in a research report on Tuesday, April 9th. Morgan Stanley upped their price objective on American Express from $222.00 to $226.00 and gave the stock an “equal weight” rating in a research report on Monday, April 22nd. Robert W. Baird increased their target price on American Express from $190.00 to $205.00 and gave the company an “underperform” rating in a report on Wednesday, May 1st. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Finally, Citigroup began coverage on American Express in a report on Monday, June 10th. They issued a “neutral” rating and a $250.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $220.30.

View Our Latest Stock Analysis on AXP

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 3,592 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $230.93, for a total transaction of $829,500.56. Following the completion of the transaction, the insider now directly owns 19,932 shares of the company’s stock, valued at approximately $4,602,896.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Anna Marrs sold 3,592 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $230.93, for a total transaction of $829,500.56. Following the sale, the insider now owns 19,932 shares in the company, valued at $4,602,896.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Skyler sold 14,802 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $241.73, for a total transaction of $3,578,087.46. Following the sale, the insider now owns 16,371 shares in the company, valued at approximately $3,957,361.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,717 shares of company stock valued at $41,680,999. Corporate insiders own 0.12% of the company’s stock.

American Express Price Performance

Shares of AXP opened at $228.60 on Thursday. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $244.41. The company has a market capitalization of $164.43 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.30 and a beta of 1.22. The firm has a 50-day simple moving average of $233.21 and a 200-day simple moving average of $213.13. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.62 and a current ratio of 1.62.

American Express (NYSE:AXPGet Free Report) last announced its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.36. American Express had a net margin of 14.50% and a return on equity of 32.46%. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.79 billion. During the same quarter last year, the firm earned $2.40 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that American Express will post 13 earnings per share for the current year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, July 5th. This is a boost from American Express’s previous quarterly dividend of $0.10. This represents a $2.80 dividend on an annualized basis and a yield of 1.22%. American Express’s dividend payout ratio (DPR) is 23.06%.

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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