Gulf International Bank UK Ltd boosted its position in American Express (NYSE:AXP) by 0.1% in the 1st quarter, Holdings Channel reports. The firm owned 173,511 shares of the payment services company’s stock after acquiring an additional 235 shares during the quarter. Gulf International Bank UK Ltd’s holdings in American Express were worth $18,964,000 at the end of the most recent reporting period.

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

Shares of American Express stock opened at $113.67 on Monday. American Express has a 12 month low of $89.05 and a 12 month high of $114.55. The stock has a market cap of $95.87 billion, a P/E ratio of 15.51, a PEG ratio of 1.31 and a beta of 1.11. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.24 and a quick ratio of 1.93.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 18th. The payment services company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.01. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.46 billion. American Express had a return on equity of 29.94% and a net margin of 16.60%. American Express’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the business posted $1.86 EPS. As a group, equities analysts expect that American Express will post 8.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s payout ratio is presently 21.28%.

A number of research firms have recently weighed in on AXP. Bank of America reiterated a “neutral” rating and set a $108.00 price target on shares of American Express in a report on Thursday, March 14th. Oppenheimer set a $119.00 price target on American Express and gave the stock a “buy” rating in a report on Wednesday, April 17th. DZ Bank cut American Express from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Wells Fargo & Co restated a “buy” rating and set a $125.00 target price (up from $115.00) on shares of American Express in a report on Tuesday, March 12th. Finally, Credit Suisse Group restated a “hold” rating and set a $93.00 target price on shares of American Express in a report on Friday, January 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $112.13.

In other news, EVP Richard Petrino sold 2,444 shares of American Express stock in a transaction dated 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 owns 7,591 shares in the company, valued at approximately $813,072.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Stephen J. Squeri sold 12,500 shares of American Express stock in a transaction dated 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. Company insiders own 0.21% of the company’s stock.

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About American Express

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.

Further Reading: How Does the Quiet Period Work?

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

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