American Express (NYSE:AXP) Shares Purchased by Novare Capital Management LLC

Novare Capital Management LLC grew its position in shares of American Express (NYSE:AXP) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,204 shares of the payment services company’s stock after purchasing an additional 82 shares during the quarter. Novare Capital Management LLC’s holdings in American Express were worth $357,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AXP. Geode Capital Management LLC grew its position in American Express by 0.8% in the 3rd 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 boosted its position in shares of American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after buying an additional 866,110 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in American Express by 5.5% in 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 increased its position in American Express by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock valued at $1,074,168,000 after acquiring an additional 33,193 shares during the period. Finally, Nordea Investment Management AB raised its stake in American Express by 12.7% during 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. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the transaction, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley raised their price target on American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, December 19th. Monness Crespi & Hardt boosted their price target on shares of American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Compass Point raised their price objective on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. BTIG Research upped their target price on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a research report on Friday. Finally, UBS Group lifted their price target on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $281.00.

Get Our Latest Analysis on American Express

American Express Stock Down 1.5 %

NYSE:AXP opened at $320.87 on Friday. The business’s fifty day moving average price is $302.35 and its 200 day moving average price is $274.66. The firm has a market capitalization of $226.04 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.51 and a beta of 1.23. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 1-year low of $186.43 and a 1-year high of $326.27.

American Express (NYSE:AXPGet Free Report) last issued its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. On average, sell-side analysts forecast that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio is currently 20.60%.

About American Express

(Free Report)

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.

Featured Articles

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:AXPFree Report).

Institutional Ownership by Quarter 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.