722 Shares in American Express (NYSE:AXP) Bought by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC bought a new position in shares of American Express (NYSE:AXP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 722 shares of the payment services company’s stock, valued at approximately $214,000.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in American Express by 26,783.5% in the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after acquiring an additional 906,353 shares during the last quarter. FMR LLC lifted its stake in American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after acquiring an additional 866,110 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in American Express by 59,816.0% in the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after acquiring an additional 681,304 shares during the last quarter. World Investment Advisors LLC lifted its stake in American Express by 35,213.7% in the third quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after acquiring an additional 316,219 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in American Express by 73.7% in the third quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after acquiring an additional 300,138 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

AXP stock opened at $312.52 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. American Express has a 12 month low of $209.10 and a 12 month high of $326.27. The firm has a market cap of $220.16 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.50 and a beta of 1.24. The company’s 50-day moving average price is $307.46 and its two-hundred day moving average price is $283.46.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, analysts anticipate that American Express will post 15.32 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. American Express’s payout ratio is currently 19.99%.

Insider Activity

In related news, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the sale, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,664 shares of company stock worth $9,613,503. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AXP shares. Citigroup increased their price objective on shares of American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Wells Fargo & Company increased their price objective on shares of American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods increased their price objective on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Finally, Monness Crespi & Hardt increased their price objective on shares of American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $296.38.

American Express Company Profile

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.