Canton Hathaway LLC boosted its stake in shares of American Express (NYSE:AXP) by 45.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,200 shares of the payment services company’s stock after acquiring an additional 1,000 shares during the quarter. Canton Hathaway LLC’s holdings in American Express were worth $349,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AXP. Pearl River Capital LLC bought a new stake in American Express during the 4th quarter worth about $25,000. JNBA Financial Advisors bought a new stake in American Express during the 4th quarter worth about $26,000. Clarfeld Financial Advisors LLC bought a new stake in American Express during the 4th quarter worth about $31,000. Capital Investment Advisory Services LLC bought a new stake in American Express during the 4th quarter worth about $37,000. Finally, Vigilant Capital Management LLC bought a new stake in American Express during the 4th quarter worth about $38,000. 84.86% of the stock is currently owned by hedge funds and other institutional investors.

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

AXP has been the topic of several recent research reports. Wells Fargo & Co reaffirmed a “buy” rating and issued a $125.00 target price (up previously from $115.00) on shares of American Express in a research note on Tuesday, March 12th. Morgan Stanley reduced their target price on shares of American Express from $113.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 8th. Bank of America set a $108.00 target price on shares of American Express and gave the company a “hold” rating in a research note on Friday, January 18th. Credit Suisse Group reaffirmed a “hold” rating and issued a $93.00 target price on shares of American Express in a research note on Friday, January 18th. Finally, Zacks Investment Research lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. American Express currently has a consensus rating of “Hold” and an average target price of $111.80.

Shares of NYSE AXP opened at $110.16 on Thursday. The stock has a market capitalization of $92.64 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.26 and a beta of 1.11. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.93 and a current ratio of 1.93. American Express has a 1 year low of $89.05 and a 1 year high of $114.55.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, January 17th. The payment services company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.06). American Express had a return on equity of 30.35% and a net margin of 17.08%. The firm had revenue of $10.47 billion for the quarter, compared to the consensus estimate of $10.54 billion. During the same period in the previous year, the business earned $1.58 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Analysts expect that American Express will post 8.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 5th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s payout ratio is 21.28%.

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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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