Xact Kapitalforvaltning AB boosted its position in American Express (NYSE:AXP) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,731 shares of the payment services company’s stock after buying an additional 7,747 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in American Express were worth $13,678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Prudential PLC raised its stake in shares of American Express by 9.1% in the 2nd quarter. Prudential PLC now owns 3,003,335 shares of the payment services company’s stock valued at $253,000,000 after purchasing an additional 250,044 shares in the last quarter. Shelton Capital Management acquired a new stake in shares of American Express in the 2nd quarter valued at about $670,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of American Express in the 2nd quarter valued at about $198,000. Janus Henderson Group PLC raised its stake in shares of American Express by 94.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,715,775 shares of the payment services company’s stock valued at $144,542,000 after purchasing an additional 834,829 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new stake in shares of American Express in the 2nd quarter valued at about $8,078,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

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A number of equities research analysts have recently issued reports on AXP shares. ValuEngine lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Bank of America set a $128.00 price objective on shares of American Express and gave the company a “buy” rating in a research report on Monday, December 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $116.00 price objective on shares of American Express in a research report on Friday, December 22nd. Deutsche Bank initiated coverage on shares of American Express in a research report on Tuesday, January 2nd. They set a “buy” rating and a $118.00 price objective for the company. Finally, Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. American Express presently has a consensus rating of “Hold” and a consensus price target of $103.89.

In other news, insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now directly owns 100,790 shares of the company’s stock, valued at approximately $9,942,933.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.67% of the company’s stock.

American Express stock opened at $93.46 on Thursday. American Express has a 1 year low of $75.51 and a 1 year high of $102.39. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.06. The company has a market cap of $81,683.47, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.30 and a beta of 1.16.

American Express (NYSE:AXP) last posted its earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.54 by $0.04. The firm had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 26.00%. American Express’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. sell-side analysts forecast that American Express will post 7.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, April 5th. American Express’s dividend payout ratio is currently 48.28%.

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American Express Profile

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

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