Mutual Advisors LLC Purchases 1,230 Shares of American Express (AXP)
Mutual Advisors LLC boosted its position in American Express (NYSE:AXP) by 17.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,275 shares of the payment services company’s stock after purchasing an additional 1,230 shares during the quarter. Mutual Advisors LLC’s holdings in American Express were worth $789,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Wisconsin Capital Management LLC bought a new stake in American Express in the 4th quarter valued at about $3,241,000. Canada Pension Plan Investment Board raised its position in shares of American Express by 33.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 516,907 shares of the payment services company’s stock worth $49,268,000 after buying an additional 129,701 shares in the last quarter. Abner Herrman & Brock LLC raised its position in shares of American Express by 3.0% during the 4th quarter. Abner Herrman & Brock LLC now owns 160,531 shares of the payment services company’s stock worth $15,302,000 after buying an additional 4,634 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of American Express by 9,218.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,340,593 shares of the payment services company’s stock worth $77,000 after buying an additional 7,261,819 shares in the last quarter. Finally, Narwhal Capital Management raised its position in shares of American Express by 3.1% during the 4th quarter. Narwhal Capital Management now owns 32,936 shares of the payment services company’s stock worth $3,139,000 after buying an additional 995 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.
In other 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 value of $1,287,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the executive vice president now directly owns 7,591 shares in the company, valued at $813,072.01. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.
American Express stock opened at $110.14 on Tuesday. The company has a market capitalization of $92.32 billion, a PE ratio of 15.03, a PEG ratio of 1.28 and a beta of 1.11. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.62. American Express has a fifty-two week low of $89.05 and a fifty-two week high of $114.55.
American Express (NYSE:AXP) last released its earnings results 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). The firm had revenue of $10.47 billion during the quarter, compared to analysts’ expectations of $10.54 billion. American Express had a return on equity of 30.35% and a net margin of 17.08%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $1.58 earnings per share. On average, equities research analysts predict that American Express will post 8.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is currently 21.28%.
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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