Northstar Group Inc. lifted its stake in American Express (NYSE:AXP) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,376 shares of the payment services company’s stock after acquiring an additional 417 shares during the period. Northstar Group Inc.’s holdings in American Express were worth $1,680,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pearl River Capital LLC bought a new position in shares of American Express in the 4th quarter worth $25,000. JNBA Financial Advisors bought a new position in shares of American Express in the 4th quarter worth $26,000. Clarfeld Financial Advisors LLC bought a new position in shares of American Express in the 4th quarter worth $31,000. Capital Investment Advisory Services LLC bought a new position in shares of American Express in the 4th quarter worth $37,000. Finally, Vigilant Capital Management LLC bought a new position in shares of American Express in the 4th quarter worth $38,000. 84.86% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:AXP opened at $111.88 on Wednesday. American Express has a 1 year low of $89.05 and a 1 year high of $114.55. The stock has a market cap of $93.22 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.11. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.62.
American Express (NYSE:AXP) last announced its earnings results on Thursday, January 17th. The payment services company reported $1.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.06). American Express had a net margin of 17.08% and a return on equity of 30.35%. The business had revenue of $10.47 billion for the quarter, compared to analyst estimates of $10.54 billion. During the same period in the prior year, the company earned $1.58 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts expect that American Express will post 8.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, April 4th. This represents a $1.56 annualized dividend and a yield of 1.39%. American Express’s payout ratio is presently 21.28%.
Several research analysts have recently commented on AXP shares. Bank of America set a $108.00 price target on American Express and gave the stock a “hold” rating in a research report on Friday, January 18th. Atlantic Securities raised American Express from a “neutral” rating to an “overweight” rating and set a $100.80 target price on the stock in a research report on Tuesday, January 29th. DZ Bank lowered American Express from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Morgan Stanley reduced their target price on American Express from $113.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 8th. Finally, Zacks Investment Research lowered American Express from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $111.80.
In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $103.02, for a total transaction of $1,287,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Petrino sold 2,444 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $107.11, for a total value of $261,776.84. Following the sale, the executive vice president now owns 7,591 shares in the company, valued at approximately $813,072.01. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.
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American Express 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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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