Waverton Investment Management Ltd Buys 3,827 Shares of American Express (AXP)

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Waverton Investment Management Ltd increased its stake in shares of American Express (NYSE:AXP) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,958 shares of the payment services company’s stock after buying an additional 3,827 shares during the quarter. Waverton Investment Management Ltd’s holdings in American Express were worth $1,998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AXP. CENTRAL TRUST Co grew its stake in shares of American Express by 0.4% in the fourth quarter. CENTRAL TRUST Co now owns 42,372 shares of the payment services company’s stock worth $4,039,000 after purchasing an additional 164 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in shares of American Express by 6.4% in the third quarter. Rehmann Capital Advisory Group now owns 5,949 shares of the payment services company’s stock worth $634,000 after purchasing an additional 358 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of American Express by 0.3% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 191,199 shares of the payment services company’s stock worth $20,361,000 after purchasing an additional 479 shares in the last quarter. BancorpSouth Bank grew its stake in shares of American Express by 2.1% in the third quarter. BancorpSouth Bank now owns 24,119 shares of the payment services company’s stock worth $2,569,000 after purchasing an additional 490 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of American Express by 8.3% in the third quarter. Signaturefd LLC now owns 6,407 shares of the payment services company’s stock worth $682,000 after purchasing an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s stock.

In other news, Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $103.84, for a total transaction of $1,298,000.00. Following the completion of the sale, the chairman now directly owns 209,957 shares of the company’s stock, valued at $21,801,934.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

Several research firms have recently issued reports on AXP. Wells Fargo & Co increased their price target on American Express from $115.00 to $122.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. BMO Capital Markets increased their price target on American Express from $106.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, October 19th. Zacks Investment Research cut American Express from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Barclays set a $118.00 price target on American Express and gave the stock a “hold” rating in a research note on Friday, December 14th. Finally, Buckingham Research cut American Express from a “buy” rating to a “neutral” rating and set a $112.00 price target for the company. in a research note on Thursday, November 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. American Express currently has a consensus rating of “Hold” and a consensus price target of $112.50.

Shares of NYSE AXP traded up $0.17 during mid-day trading on Monday, hitting $98.72. 40,369 shares of the company traded hands, compared to its average volume of 3,669,266. American Express has a 1 year low of $87.54 and a 1 year high of $114.55. The company has a market cap of $84.43 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 1.15 and a beta of 1.14. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.58.

American Express (NYSE:AXP) last announced its earnings results on Thursday, October 18th. The payment services company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. American Express had a return on equity of 31.26% and a net margin of 9.51%. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period in the prior year, the business posted $1.50 earnings per share. American Express’s revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts expect that American Express will post 7.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Friday, January 4th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, January 3rd. American Express’s dividend payout ratio is 26.58%.

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

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