Huber Financial Advisors LLC purchased a new position in shares of American Express (NYSE:AXP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,665 shares of the payment services company’s stock, valued at approximately $291,000.

Other large investors have also modified their holdings of the company. Pearl River Capital LLC purchased a new stake in American Express during the fourth quarter worth about $25,000. JNBA Financial Advisors acquired a new position in shares of American Express during the fourth quarter worth about $26,000. Clarfeld Financial Advisors LLC acquired a new position in shares of American Express during the fourth quarter worth about $31,000. Capital Investment Advisory Services LLC acquired a new position in shares of American Express during the fourth quarter worth about $37,000. Finally, Vigilant Capital Management LLC acquired a new position in shares of American Express during the fourth quarter worth about $38,000. Institutional investors own 84.86% of the company’s stock.

Shares of AXP opened at $113.67 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.24 and a quick ratio of 1.93. The company has a market capitalization of $95.87 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 1.31 and a beta of 1.11. American Express has a 52-week low of $89.05 and a 52-week high of $114.55.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.01. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.46 billion. American Express had a return on equity of 29.94% and a net margin of 16.60%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 earnings per share. On average, sell-side analysts predict that American Express will post 8.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 5th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is 21.28%.

A number of brokerages have recently commented on AXP. Bank of America reissued a “neutral” rating and set a $108.00 price objective on shares of American Express in a research report on Thursday, March 14th. Oppenheimer set a $119.00 price objective on American Express and gave the stock a “buy” rating in a research report on Wednesday. DZ Bank downgraded American Express from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Wells Fargo & Co reissued a “buy” rating and set a $125.00 price objective (up from $115.00) on shares of American Express in a research report on Tuesday, March 12th. Finally, Credit Suisse Group reissued a “hold” rating and set a $93.00 price objective on shares of American Express in a research report on Friday, January 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $112.13.

In related news, EVP Richard Petrino sold 2,444 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $107.11, for a total value of $261,776.84. Following the completion of the transaction, the executive vice president now directly owns 7,591 shares of the company’s stock, valued at $813,072.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $103.02, for a total value of $1,287,750.00. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

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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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