American Express (NYSE:AXP) Shares Bought by Private Trust Co. NA

Private Trust Co. NA boosted its holdings in shares of American Express (NYSE:AXP) by 4.2% in the first quarter, HoldingsChannel.com reports. The fund owned 6,082 shares of the payment services company’s stock after buying an additional 247 shares during the quarter. Private Trust Co. NA’s holdings in American Express were worth $1,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AXP. Harel Insurance Investments & Financial Services Ltd. grew its holdings in American Express by 6.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 849 shares of the payment services company’s stock valued at $139,000 after purchasing an additional 55 shares during the period. Associated Banc Corp grew its holdings in American Express by 0.7% in the fourth quarter. Associated Banc Corp now owns 8,402 shares of the payment services company’s stock valued at $1,375,000 after purchasing an additional 55 shares during the period. Ropes Wealth Advisors LLC grew its holdings in American Express by 0.3% in the fourth quarter. Ropes Wealth Advisors LLC now owns 19,599 shares of the payment services company’s stock valued at $3,206,000 after purchasing an additional 55 shares during the period. JFS Wealth Advisors LLC grew its holdings in American Express by 5.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,198 shares of the payment services company’s stock valued at $196,000 after purchasing an additional 58 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in American Express by 0.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 22,900 shares of the payment services company’s stock valued at $3,746,000 after purchasing an additional 59 shares during the period. Institutional investors own 85.49% of the company’s stock.

In related news, CEO Stephen J. Squeri sold 48,160 shares of the stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $178.38, for a total value of $8,590,780.80. Following the completion of the transaction, the chief executive officer now owns 31,285 shares in the company, valued at approximately $5,580,618.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Theodore Leonsis sold 4,005 shares of the firm’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $166.63, for a total transaction of $667,353.15. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

AXP stock opened at $144.39 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.71. American Express has a fifty-two week low of $136.49 and a fifty-two week high of $199.55. The firm’s 50-day simple moving average is $164.82 and its 200 day simple moving average is $172.95. The stock has a market cap of $108.73 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

American Express (NYSE:AXPGet Rating) last released its quarterly earnings data on Friday, April 22nd. The payment services company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.30. The business had revenue of $11.74 billion for the quarter, compared to analysts’ expectations of $11.66 billion. American Express had a net margin of 17.49% and a return on equity of 33.35%. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.74 EPS. Equities analysts forecast that American Express will post 9.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Friday, July 1st will be given a $0.52 dividend. The ex-dividend date is Thursday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 1.44%. American Express’s dividend payout ratio is presently 20.84%.

Several research firms have issued reports on AXP. Bank of America boosted their price objective on shares of American Express from $204.00 to $206.00 in a research note on Thursday, March 17th. Edward Jones upgraded shares of American Express from a “hold” rating to a “buy” rating in a research note on Monday, June 6th. Royal Bank of Canada boosted their price objective on shares of American Express from $195.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Monday, April 25th. Morgan Stanley boosted their price objective on shares of American Express from $218.00 to $223.00 and gave the stock an “overweight” rating in a research note on Monday, March 28th. Finally, Citigroup boosted their price objective on shares of American Express from $187.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $194.17.

About American Express (Get Rating)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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