Doliver Advisors LP Purchases 125 Shares of American Express (NYSE:AXP)

Doliver Advisors LP grew its position in American Express (NYSE:AXP) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,633 shares of the payment services company’s stock after buying an additional 125 shares during the quarter. Doliver Advisors LP’s holdings in American Express were worth $1,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AXP. International Assets Investment Management LLC boosted its stake in American Express by 26,783.5% in the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after purchasing an additional 906,353 shares in the last quarter. FMR LLC raised its holdings in shares of American Express by 8.5% in the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after buying an additional 866,110 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in 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 valued at $197,149,000 after acquiring an additional 768,301 shares in the last quarter. Pathway Financial Advisers LLC raised its stake in shares of American Express by 59,816.0% in the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after acquiring an additional 681,304 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of American Express by 71.9% during the second quarter. Canada Pension Plan Investment Board now owns 1,164,098 shares of the payment services company’s stock worth $269,547,000 after purchasing an additional 486,755 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Anre D. Williams sold 77,887 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the transaction, the insider now owns 111,656 shares of the company’s stock, valued at $30,176,150.56. The trade was a 41.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,998 shares of company stock worth $26,423,439. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Morgan Stanley upped their price target on American Express from $252.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, December 19th. Barclays lifted their price objective on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. HSBC downgraded shares of American Express from a “buy” rating to a “hold” rating and upped their target price for the company from $265.00 to $270.00 in a research report on Tuesday, October 8th. Finally, Bank of America lifted their price target on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $268.95.

American Express Stock Down 0.5 %

Shares of American Express stock traded down $1.50 on Monday, hitting $301.58. The company had a trading volume of 1,806,086 shares, compared to its average volume of 1,883,564. The stock has a 50-day moving average of $293.99 and a 200-day moving average of $267.17. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. American Express has a twelve month low of $177.81 and a twelve month high of $307.82. The firm has a market capitalization of $212.45 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.73 and a beta of 1.23.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. 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 prior year, the business earned $3.30 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts predict that American Express will post 13.4 earnings per share for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio is presently 20.60%.

American Express Company Profile

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.