Advantus Capital Management Inc Has $6.71 Million Position in American Express Company (AXP)
Advantus Capital Management Inc reduced its stake in shares of American Express Company (NYSE:AXP) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,196 shares of the payment services company’s stock after selling 1,579 shares during the quarter. Advantus Capital Management Inc owned 8,547.93% of American Express worth $6,712,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in American Express by 2,686.0% during the 1st quarter. BlackRock Inc. now owns 44,177,867 shares of the payment services company’s stock valued at $3,494,913,000 after purchasing an additional 42,592,136 shares in the last quarter. Veritas Asset Management LLP grew its stake in American Express by 15.2% during the 2nd quarter. Veritas Asset Management LLP now owns 10,303,201 shares of the payment services company’s stock valued at $867,942,000 after purchasing an additional 1,358,474 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in American Express during the 2nd quarter valued at approximately $101,526,000. Canada Pension Plan Investment Board grew its stake in American Express by 944,765.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,077,147 shares of the payment services company’s stock valued at $90,739,000 after purchasing an additional 1,077,033 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in American Express by 11,602.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 901,100 shares of the payment services company’s stock valued at $75,909,000 after purchasing an additional 893,400 shares in the last quarter. Institutional investors and hedge funds own 83.35% of the company’s stock.
In related news, CEO Kenneth I. Chenault sold 96,440 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the completion of the transaction, the chief executive officer now owns 1,178,333 shares in the company, valued at approximately $114,651,800.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anre D. Williams sold 30,761 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total value of $2,873,385.01. Following the transaction, the insider now owns 28,720 shares of the company’s stock, valued at approximately $2,682,735.20. The disclosure for this sale can be found here. Insiders have sold a total of 440,310 shares of company stock valued at $42,478,329 in the last 90 days. Insiders own 0.67% of the company’s stock.
American Express Company (AXP) opened at $99.68 on Tuesday. American Express Company has a 12-month low of $73.50 and a 12-month high of $100.53. The stock has a market capitalization of $85,475.93, a P/E ratio of 18.86, a P/E/G ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90.
American Express (NYSE:AXP) last released its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.31 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. equities analysts forecast that American Express Company will post 5.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.40%. American Express’s dividend payout ratio is currently 26.97%.
About American Express
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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