Janus Henderson Group PLC boosted its holdings in American Express Company (NYSE:AXP) by 94.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,715,775 shares of the payment services company’s stock after buying an additional 834,829 shares during the period. Janus Henderson Group PLC owned approximately 0.19% of American Express worth $144,542,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Matthew Goff Investment Advisor LLC bought a new position in American Express in the 1st quarter worth approximately $2,543,000. Bronfman E.L. Rothschild L.P. increased its position in American Express by 10.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock worth $478,000 after buying an additional 554 shares during the period. Vanguard Group Inc. increased its position in American Express by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 49,502,529 shares of the payment services company’s stock worth $3,916,145,000 after buying an additional 722,235 shares during the period. Rothschild Asset Management Inc. increased its position in American Express by 19.5% in the 1st quarter. Rothschild Asset Management Inc. now owns 641,409 shares of the payment services company’s stock worth $50,742,000 after buying an additional 104,647 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in American Express by 7.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 33,054 shares of the payment services company’s stock worth $2,787,000 after buying an additional 2,408 shares during the period. 83.83% of the stock is currently owned by institutional investors.
American Express Company (NYSE:AXP) opened at $94.41 on Wednesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. American Express Company has a one year low of $70.87 and a one year high of $96.90. The stock has a market capitalization of $81,548.24, a price-to-earnings ratio of 18.00, a PEG ratio of 1.56 and a beta of 1.22.
American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.03. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.31 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. analysts forecast that American Express Company will post 5.86 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 6th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, October 5th. This is a positive change from American Express’s previous quarterly dividend of $0.32. American Express’s dividend payout ratio is 26.97%.
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In other news, insider Anre D. Williams sold 30,761 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the transaction, the insider now owns 28,720 shares of the company’s stock, valued at $2,682,735.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Sobbott sold 6,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $84.39, for a total value of $506,340.00. The disclosure for this sale can be found here. Insiders have sold 146,345 shares of company stock worth $13,716,103 in the last ninety days. 0.67% of the stock is currently owned by insiders.
A number of research firms have recently issued reports on AXP. Morgan Stanley lowered their price objective on American Express from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Friday, September 8th. Credit Suisse Group restated an “underperform” rating and set a $84.00 price objective (up from $79.00) on shares of American Express in a research report on Thursday, October 19th. Bank of America Corporation restated a “buy” rating and set a $102.00 price objective on shares of American Express in a research report on Monday, October 9th. Zacks Investment Research cut American Express from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Finally, Buckingham Research began coverage on American Express in a research report on Monday, October 2nd. They set a “neutral” rating and a $92.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $91.56.
About American Express
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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