Nomura Holdings Inc. Purchases Shares of 58,637 American Express Company (AXP)
Nomura Holdings Inc. purchased a new stake in American Express Company (NYSE:AXP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 58,637 shares of the payment services company’s stock, valued at approximately $4,898,000.
Several other institutional investors have also made changes to their positions in AXP. Matthew Goff Investment Advisor LLC purchased a new stake in shares of American Express in the 1st quarter valued at $2,543,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of American Express by 10.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock valued at $478,000 after buying an additional 554 shares during the period. Vanguard Group Inc. raised its holdings in shares of American Express by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 49,502,529 shares of the payment services company’s stock valued at $3,916,145,000 after buying an additional 722,235 shares during the period. Rothschild Asset Management Inc. raised its holdings in shares of American Express by 19.5% in the 1st quarter. Rothschild Asset Management Inc. now owns 641,409 shares of the payment services company’s stock valued at $50,742,000 after buying an additional 104,647 shares during the period. Finally, Shelton Capital Management purchased a new stake in shares of American Express in the 2nd quarter valued at $670,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.
In other American Express news, EVP Linda Zukauckas sold 3,196 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $95.42, for a total transaction of $304,962.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Sobbott sold 6,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $84.39, for a total value of $506,340.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,345 shares of company stock valued at $13,716,103. Insiders own 0.67% of the company’s stock.
Shares of American Express Company (NYSE:AXP) opened at $93.48 on Monday. The stock has a market capitalization of $81,140.00, a PE ratio of 17.91, a P/E/G ratio of 1.56 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.90 and a quick ratio of 1.90. American Express Company has a 1 year low of $71.38 and a 1 year high of $96.90.
American Express (NYSE:AXP) last announced its earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. research analysts anticipate that American Express Company will post 5.86 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 6th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This is a boost from American Express’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. American Express’s dividend payout ratio is 27.03%.
Several research firms recently issued reports on AXP. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Wednesday, November 1st. Atlantic Securities upgraded American Express from an “underweight” rating to a “neutral” rating and set a $100.00 price objective on the stock in a report on Tuesday, October 24th. Jefferies Group LLC reiterated an “in-line” rating and issued a $93.00 price objective (up previously from $85.00) on shares of American Express in a report on Thursday, October 19th. Credit Suisse Group reiterated an “underperform” rating and issued a $84.00 price objective (up previously from $79.00) on shares of American Express in a report on Thursday, October 19th. Finally, Stephens set a $89.00 price objective on American Express and gave the company a “hold” rating in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company. American Express has an average rating of “Hold” and an average price target of $91.56.
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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