Honkamp Krueger Financial Services Inc. lowered its position in American Express (NYSE:AXP) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,733 shares of the payment services company’s stock after selling 235 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in American Express were worth $216,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in AXP. Arjuna Capital raised its position in shares of American Express by 2.3% during the 2nd quarter. Arjuna Capital now owns 14,329 shares of the payment services company’s stock worth $1,769,000 after purchasing an additional 328 shares during the period. Pictet Asset Management Ltd. lifted its holdings in shares of American Express by 1.4% in the 2nd quarter. Pictet Asset Management Ltd. now owns 962,868 shares of the payment services company’s stock worth $118,856,000 after purchasing an additional 13,600 shares during the last quarter. Little House Capital LLC grew its stake in American Express by 21,136.7% during the 2nd quarter. Little House Capital LLC now owns 169,044 shares of the payment services company’s stock worth $20,867,000 after buying an additional 168,248 shares during the last quarter. Invesco Ltd. grew its stake in American Express by 5.9% during the 2nd quarter. Invesco Ltd. now owns 5,706,357 shares of the payment services company’s stock worth $704,392,000 after buying an additional 319,389 shares during the last quarter. Finally, Private Portfolio Partners LLC bought a new position in American Express during the 2nd quarter worth $634,000. 84.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of AXP opened at $129.82 on Thursday. The firm has a market capitalization of $105.39 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.05. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.86 and a current ratio of 1.86. American Express has a one year low of $96.37 and a one year high of $130.09. The stock’s fifty day moving average is $123.70 and its 200-day moving average is $121.62.
American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.01. The business had revenue of $10.99 billion during the quarter, compared to the consensus estimate of $10.94 billion. American Express had a net margin of 16.51% and a return on equity of 29.68%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.88 earnings per share. Analysts forecast that American Express will post 8.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from American Express’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, January 2nd. American Express’s payout ratio is 23.47%.
Several brokerages have weighed in on AXP. BMO Capital Markets increased their target price on American Express from $119.00 to $123.00 and gave the stock a “market perform” rating in a research report on Monday, October 21st. ValuEngine cut American Express from a “hold” rating to a “sell” rating in a research note on Wednesday, December 4th. Oppenheimer set a $126.00 price target on shares of American Express and gave the company a “buy” rating in a report on Monday, October 21st. Morgan Stanley upped their price target on shares of American Express from $142.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Nomura increased their price objective on shares of American Express from to and gave the stock a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $127.29.
In other news, CEO Stephen J. Squeri sold 15,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $117.96, for a total value of $1,769,400.00. Following the sale, the chief executive officer now owns 184,090 shares of the company’s stock, valued at approximately $21,715,256.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Denise Pickett sold 2,400 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $118.39, for a total value of $284,136.00. Following the completion of the sale, the insider now directly owns 9,788 shares in the company, valued at approximately $1,158,801.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,820 shares of company stock valued at $3,033,961. Company insiders own 0.21% of the company’s stock.
American Express Company 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.
Recommended Story: What is the definition of arbitrage?
Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXP).
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.