Reilly Financial Advisors LLC boosted its position in shares of American Express (NYSE:AXP) by 216.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,051 shares of the payment services company’s stock after buying an additional 1,402 shares during the quarter. Reilly Financial Advisors LLC’s holdings in American Express were worth $218,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in American Express in the 1st quarter valued at about $371,000. Point72 Asset Management L.P. acquired a new position in American Express in the 1st quarter valued at about $2,369,000. Summit Trail Advisors LLC grew its position in American Express by 11,070.4% in the 1st quarter. Summit Trail Advisors LLC now owns 346,506 shares of the payment services company’s stock valued at $347,000 after acquiring an additional 343,404 shares in the last quarter. Suntrust Banks Inc. grew its position in American Express by 16.7% in the 1st quarter. Suntrust Banks Inc. now owns 164,114 shares of the payment services company’s stock valued at $15,307,000 after acquiring an additional 23,538 shares in the last quarter. Finally, WealthTrust Fairport LLC grew its position in American Express by 26.8% in the 1st quarter. WealthTrust Fairport LLC now owns 4,864 shares of the payment services company’s stock valued at $454,000 after acquiring an additional 1,029 shares in the last quarter. 82.98% of the stock is currently owned by hedge funds and other institutional investors.
AXP traded down $0.22 on Friday, reaching $108.28. The company’s stock had a trading volume of 4,443,980 shares, compared to its average volume of 3,928,434. American Express has a fifty-two week low of $87.54 and a fifty-two week high of $111.77. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $92.69 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.47 and a beta of 1.06.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Friday, October 5th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.44%. This is a positive change from American Express’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, October 4th. American Express’s dividend payout ratio (DPR) is presently 26.58%.
In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $103.84, for a total value of $1,298,000.00. Following the sale, the chairman now directly owns 209,957 shares of the company’s stock, valued at approximately $21,801,934.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Marc D. Gordon sold 25,948 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $107.83, for a total value of $2,797,972.84. Following the completion of the sale, the insider now directly owns 33,111 shares in the company, valued at $3,570,359.13. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.
A number of equities analysts have recently commented on AXP shares. UBS Group raised American Express from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Oppenheimer set a $113.00 price objective on American Express and gave the stock a “buy” rating in a research report on Wednesday, July 18th. DZ Bank raised American Express from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Stephens raised American Express from an “equal weight” rating to an “overweight” rating and set a $110.50 price objective for the company in a research report on Monday, September 17th. Finally, BMO Capital Markets boosted their price objective on American Express from $103.00 to $106.00 and gave the stock a “market perform” rating in a research report on Thursday, July 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. American Express currently has a consensus rating of “Buy” and an average price target of $112.70.
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American Express Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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