Global X Japan Co. Ltd. Has $1.29 Million Holdings in American Express Company $AXP

Global X Japan Co. Ltd. increased its holdings in American Express Company (NYSE:AXP) by 5,526.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,882 shares of the payment services company’s stock after purchasing an additional 3,813 shares during the period. Global X Japan Co. Ltd.’s holdings in American Express were worth $1,289,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AXP. Vanguard Group Inc. increased its holdings in shares of American Express by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock valued at $14,808,730,000 after acquiring an additional 581,369 shares during the last quarter. Geode Capital Management LLC boosted its position in American Express by 11.1% during the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after purchasing an additional 1,349,746 shares during the period. Norges Bank acquired a new position in American Express during the second quarter valued at approximately $1,897,335,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of American Express by 1.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock valued at $1,370,489,000 after purchasing an additional 78,538 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in shares of American Express by 3.0% in the second quarter. Artisan Partners Limited Partnership now owns 4,620,873 shares of the payment services company’s stock worth $1,473,966,000 after buying an additional 133,439 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the sale, the insider owned 2,515 shares of the company’s stock, valued at $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the completion of the transaction, the insider directly owned 7,726 shares of the company’s stock, valued at $2,709,739.98. This trade represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 57,515 shares of company stock worth $20,658,509. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wolfe Research started coverage on shares of American Express in a research note on Monday, December 8th. They issued a “peer perform” rating on the stock. Barclays upped their price target on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Wall Street Zen lowered American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research note on Monday. Finally, Evercore ISI raised their target price on American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a report on Tuesday, September 30th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, American Express has an average rating of “Hold” and a consensus price target of $335.55.

American Express Trading Up 0.3%

American Express stock opened at $382.08 on Wednesday. The business has a 50 day moving average price of $362.28 and a two-hundred day moving average price of $332.65. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The stock has a market cap of $263.20 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.14.

American Express (NYSE:AXP) last issued its earnings results on Friday, January 30th. The payment services company reported ($11.85) EPS for the quarter. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of ($17,139.00) million during the quarter. As a group, equities analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. American Express’s dividend payout ratio (DPR) is presently 22.01%.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.