Public Employees Retirement Association of Colorado Grows Holdings in American Express (AXP)

Public Employees Retirement Association of Colorado boosted its position in shares of American Express (NYSE:AXP) by 5.6% in the fourth quarter, HoldingsChannel reports. The firm owned 141,310 shares of the payment services company’s stock after acquiring an additional 7,557 shares during the period. Public Employees Retirement Association of Colorado’s holdings in American Express were worth $14,033,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of American Express by 4.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock valued at $12,948,000 after acquiring an additional 6,709 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of 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 valued at $478,000 after acquiring an additional 554 shares in the last quarter. Westpac Banking Corp grew its holdings in shares of American Express by 2.2% in the 3rd quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock valued at $22,044,000 after acquiring an additional 5,252 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of American Express in the 3rd quarter valued at about $5,505,000. Finally, Shelton Capital Management bought a new position in shares of American Express in the 2nd quarter valued at about $670,000. Hedge funds and other institutional investors own 83.56% of the company’s stock.

Several equities analysts have recently weighed in on the company. Bank of America raised their price objective on American Express from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Jefferies Group reiterated an “in-line” rating and set a $93.00 price target (up previously from $85.00) on shares of American Express in a report on Thursday, October 19th. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Wednesday, November 1st. Morgan Stanley lifted their price target on American Express from $108.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada lifted their price target on American Express to $68.00 and gave the stock an “underperform” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. American Express presently has a consensus rating of “Hold” and an average target price of $101.56.

In other American Express news, CEO Kenneth I. Chenault sold 96,440 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the completion of the transaction, the chief executive officer now directly owns 1,178,333 shares in the company, valued at $114,651,800.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan Sobbott sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $94.34, for a total transaction of $518,870.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 331,610 shares of company stock valued at $32,376,871. Company insiders own 0.67% of the company’s stock.

American Express (NYSE AXP) opened at $94.18 on Wednesday. American Express has a 1 year low of $75.51 and a 1 year high of $102.39. The company has a market cap of $79,864.34, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.90 and a current ratio of 2.37.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 26.07%. The business had revenue of $8.84 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. equities research analysts anticipate that American Express will post 7.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.40 annualized dividend and a yield of 1.49%. American Express’s dividend payout ratio is currently 48.28%.

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American Express Company Profile

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

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