Blair William & Co. IL Has $47.35 Million Stake in American Express (NYSE:AXP)

Blair William & Co. IL raised its stake in American Express (NYSE:AXP) by 3.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 553,072 shares of the payment services company’s stock after buying an additional 17,237 shares during the period. Blair William & Co. IL’s holdings in American Express were worth $47,349,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AXP. IndexIQ Advisors LLC acquired a new position in American Express in the fourth quarter valued at about $27,000. Sound Income Strategies LLC lifted its stake in American Express by 327.3% in the first quarter. Sound Income Strategies LLC now owns 329 shares of the payment services company’s stock valued at $28,000 after buying an additional 252 shares during the period. FSA Wealth Management LLC acquired a new position in American Express in the fourth quarter valued at about $29,000. NWK Group Inc. acquired a new stake in shares of American Express during the fourth quarter worth about $30,000. Finally, Americana Partners LLC acquired a new stake in shares of American Express during the fourth quarter worth about $30,000. 84.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE AXP traded down $0.50 during midday trading on Friday, hitting $89.33. 3,732,753 shares of the company’s stock were exchanged, compared to its average volume of 6,535,998. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 2.50. American Express has a 12 month low of $67.00 and a 12 month high of $138.13. The company’s 50 day moving average price is $85.77 and its 200 day moving average price is $110.80. The firm has a market capitalization of $72.31 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13.

American Express (NYSE:AXP) last issued its earnings results on Friday, April 24th. The payment services company reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.29. American Express had a return on equity of 30.21% and a net margin of 12.74%. The company had revenue of $10.31 billion during the quarter, compared to the consensus estimate of $10.67 billion. During the same period in the previous year, the company posted $2.01 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that American Express will post 4.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.72 annualized dividend and a dividend yield of 1.93%. American Express’s dividend payout ratio is currently 20.98%.

A number of research firms have recently commented on AXP. Credit Suisse Group dropped their price target on American Express from $90.00 to $85.00 and set an “underperform” rating on the stock in a research report on Monday, April 27th. Oppenheimer began coverage on American Express in a research report on Sunday, April 26th. They set a “buy” rating and a $100.00 price target on the stock. ValuEngine raised American Express from a “sell” rating to a “hold” rating in a research report on Friday, March 6th. Susquehanna Bancshares dropped their price target on American Express from $135.00 to $120.00 in a research report on Monday, April 27th. Finally, Cfra dropped their price target on American Express from $140.00 to $96.00 and set a “hold” rating on the stock in a research report on Friday, April 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $107.83.

American Express Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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

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