Jag Capital Management LLC Acquires 371 Shares of American Express (NYSE:AXP)

Jag Capital Management LLC increased its holdings in American Express (NYSE:AXP) by 2.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 18,197 shares of the payment services company’s stock after buying an additional 371 shares during the quarter. Jag Capital Management LLC’s holdings in American Express were worth $4,935,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC grew its position in American Express by 26,783.5% during the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after buying an additional 906,353 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of American Express by 924.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock worth $197,149,000 after purchasing an additional 768,301 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in American Express by 59,816.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after purchasing an additional 681,304 shares during the period. Price T Rowe Associates Inc. MD lifted its position in American Express by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock valued at $1,923,399,000 after purchasing an additional 662,382 shares in the last quarter. Finally, M&G Plc bought a new position in shares of American Express during the 1st quarter valued at approximately $114,990,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In related news, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the transaction, the insider now directly owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the transaction, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AXP shares. Compass Point started coverage on American Express in a report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price target on the stock. JPMorgan Chase & Co. lowered shares of American Express from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $268.00 to $286.00 in a research report on Monday, October 7th. HSBC cut shares of American Express from a “buy” rating to a “hold” rating and raised their target price for the company from $265.00 to $270.00 in a research note on Tuesday, October 8th. Hsbc Global Res downgraded shares of American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, TD Cowen lifted their target price on American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $253.09.

American Express Price Performance

Shares of AXP opened at $290.11 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The company has a 50 day moving average price of $268.64 and a 200-day moving average price of $249.46. American Express has a fifty-two week low of $153.50 and a fifty-two week high of $296.83. The stock has a market capitalization of $204.37 billion, a PE ratio of 21.16, a PEG ratio of 1.61 and a beta of 1.21.

American Express (NYSE:AXP) last released its quarterly 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. American Express had a return on equity of 32.46% and a net margin of 15.32%. The firm had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. During the same period in the previous year, the company posted $3.30 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts predict that American Express will post 13.4 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a yield of 0.97%. American Express’s payout ratio is 20.60%.

About American Express

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.