Diversified Trust Co reduced its position in shares of American Express Co. (NYSE:AXP) by 89.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,148 shares of the payment services company’s stock after selling 27,263 shares during the period. Diversified Trust Co’s holdings in American Express were worth $202,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Mycio Wealth Partners LLC raised its stake in American Express by 4.1% in the second quarter. Mycio Wealth Partners LLC now owns 1,638 shares of the payment services company’s stock worth $100,000 after buying an additional 65 shares in the last quarter. Blume Capital Management Inc. raised its stake in American Express by 15.5% in the second quarter. Blume Capital Management Inc. now owns 1,733 shares of the payment services company’s stock worth $105,000 after buying an additional 233 shares in the last quarter. Capital Analysts LLC raised its stake in American Express by 84.0% in the second quarter. Capital Analysts LLC now owns 2,631 shares of the payment services company’s stock worth $107,000 after buying an additional 1,201 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in American Express during the second quarter worth approximately $112,000. Finally, Advisory Services Network LLC raised its stake in American Express by 10.4% in the third quarter. Advisory Services Network LLC now owns 2,140 shares of the payment services company’s stock worth $137,000 after buying an additional 201 shares in the last quarter. 82.13% of the stock is currently owned by institutional investors.
Shares of American Express Co. (NYSE:AXP) traded down 0.03% during trading on Friday, reaching $72.86. 1,900,447 shares of the company’s stock were exchanged. American Express Co. has a 12 month low of $50.27 and a 12 month high of $73.18. The stock has a 50-day moving average price of $66.37 and a 200 day moving average price of $64.57. The firm has a market cap of $66.69 billion, a price-to-earnings ratio of 12.95 and a beta of 1.19.
American Express (NYSE:AXP) last announced its earnings results on Wednesday, October 19th. The payment services company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.28. American Express had a net margin of 16.67% and a return on equity of 27.84%. The firm had revenue of $7.80 billion for the quarter, compared to analysts’ expectations of $7.70 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts forecast that American Express Co. will post $5.73 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Friday, January 6th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, January 4th. American Express’s dividend payout ratio is presently 22.70%.
AXP has been the topic of several research analyst reports. Nomura lowered shares of American Express from a “neutral” rating to a “reduce” rating and cut their target price for the stock from $62.00 to $56.00 in a research note on Thursday, October 6th. Bank of America Corp. upgraded shares of American Express from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $65.00 to $68.00 in a report on Thursday, October 20th. Credit Suisse Group AG restated a “sell” rating and set a $62.00 price objective on shares of American Express in a report on Friday, September 16th. Evercore ISI restated a “hold” rating on shares of American Express in a report on Saturday, October 15th. Finally, Vetr downgraded shares of American Express from a “sell” rating to a “strong sell” rating and set a $64.38 price objective on the stock. in a report on Tuesday, November 15th. Eight analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $67.65.
In other news, insider Ashwini Gupta sold 146,030 shares of American Express stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $72.28, for a total value of $10,555,048.40. Following the completion of the transaction, the insider now owns 298,910 shares of the company’s stock, valued at approximately $21,605,214.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Susan Sobbott sold 19,186 shares of American Express stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $70.45, for a total value of $1,351,653.70. Following the completion of the transaction, the insider now directly owns 56,870 shares of the company’s stock, valued at approximately $4,006,491.50. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.
About American Express
American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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