Pinnacle Bancorp Inc. Has $87,000 Holdings in American Express (NYSE:AXP)

Pinnacle Bancorp Inc. cut its holdings in shares of American Express (NYSE:AXP) by 23.4% during the fourth quarter, Holdings Channel reports. The fund owned 294 shares of the payment services company’s stock after selling 90 shares during the period. Pinnacle Bancorp Inc.’s holdings in American Express were worth $87,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of American Express by 0.8% during the third quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock worth $3,104,735,000 after purchasing an additional 86,100 shares during the last quarter. FMR LLC raised its holdings in shares of American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after buying an additional 866,110 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in American Express by 5.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock worth $1,249,415,000 after buying an additional 239,173 shares in the last quarter. Janus Henderson Group PLC grew its holdings in American Express by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock worth $1,074,168,000 after acquiring an additional 33,193 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in American Express by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock valued at $655,137,000 after acquiring an additional 247,864 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Trading Down 0.2 %

NYSE AXP opened at $311.69 on Friday. American Express has a one year low of $177.81 and a one year high of $314.00. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $219.57 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.38 and a beta of 1.23. The stock’s 50-day moving average is $298.26 and its 200-day moving average is $270.90.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.27 by $0.22. The firm had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $3.30 EPS. Sell-side analysts anticipate that American Express will post 13.48 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. American Express’s payout ratio is 20.60%.

Insider Activity at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the sale, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 41.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,998 shares of company stock valued at $26,423,439. 0.11% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of research reports. Barclays upped their target price on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group boosted their target price on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their price target on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Morgan Stanley boosted their price objective on American Express from $252.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $278.09.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.