Mattern Capital Management LLC Acquires 181 Shares of American Express (NYSE:AXP)

Mattern Capital Management LLC grew its holdings in shares of American Express (NYSE:AXP) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,899 shares of the payment services company’s stock after buying an additional 181 shares during the period. Mattern Capital Management LLC’s holdings in American Express were worth $564,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. ING Groep NV lifted its holdings in shares of American Express by 170.3% in the 4th quarter. ING Groep NV now owns 47,190 shares of the payment services company’s stock worth $14,006,000 after purchasing an additional 29,732 shares in the last quarter. O Brien Greene & Co. Inc purchased a new stake in shares of American Express during the 4th quarter valued at $214,000. Zullo Investment Group Inc. increased its position in shares of American Express by 4.0% during the 4th quarter. Zullo Investment Group Inc. now owns 3,397 shares of the payment services company’s stock valued at $1,008,000 after purchasing an additional 130 shares during the last quarter. Boston Financial Mangement LLC increased its position in shares of American Express by 0.9% during the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock valued at $1,189,000 after purchasing an additional 34 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in shares of American Express by 83.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 20,526 shares of the payment services company’s stock valued at $6,092,000 after purchasing an additional 9,322 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Down 1.9 %

NYSE AXP opened at $304.08 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express has a twelve month low of $209.10 and a twelve month high of $326.27. The firm has a market capitalization of $213.62 billion, a PE ratio of 21.70, a P/E/G ratio of 1.49 and a beta of 1.24. The stock’s 50 day moving average is $307.68 and its 200 day moving average is $283.79.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Research analysts forecast that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s dividend payout ratio (DPR) is 19.99%.

Insider Transactions at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the transaction, the insider now owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock worth $9,613,503 over the last quarter. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AXP. Morgan Stanley increased their price target on American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lifted their price target on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. UBS Group raised their price objective on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Finally, BTIG Research raised their price objective on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, American Express has an average rating of “Hold” and a consensus target price of $296.38.

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.