Samlyn Capital LLC Sells 114,800 Shares of American Express Company (AXP)
Samlyn Capital LLC lessened its stake in shares of American Express Company (NYSE:AXP) by 16.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,403 shares of the payment services company’s stock after selling 114,800 shares during the period. Samlyn Capital LLC owned 0.07% of American Express worth $50,073,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Matthew Goff Investment Advisor LLC acquired a new stake in shares of American Express in the 1st quarter valued at $2,543,000. Bronfman E.L. Rothschild L.P. boosted 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 purchasing an additional 554 shares in the last quarter. Vanguard Group Inc. boosted 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 purchasing an additional 722,235 shares in the last quarter. Rothschild Asset Management Inc. boosted 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 purchasing an additional 104,647 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of American Express by 7.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 33,054 shares of the payment services company’s stock valued at $2,787,000 after purchasing an additional 2,408 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.
In other American Express news, insider Susan Sobbott sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $84.39, for a total transaction of $506,340.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Linda Zukauckas sold 3,196 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $95.42, for a total value of $304,962.32. The disclosure for this sale can be found here. Insiders sold a total of 146,345 shares of company stock valued at $13,716,103 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.
Shares of American Express Company (AXP) opened at $94.41 on Wednesday. American Express Company has a 12-month low of $70.87 and a 12-month high of $96.90. The company has a market capitalization of $81,548.24, a PE ratio of 18.00, 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 (NYSE:AXP) last issued its earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.31 billion. During the same period in the previous year, the company posted $1.24 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. equities analysts anticipate that American Express Company will post 5.86 earnings per share for the current fiscal 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. This represents a $1.40 dividend on an annualized basis and a yield of 1.48%. This is a positive change from American Express’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, October 5th. American Express’s payout ratio is presently 26.97%.
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A number of brokerages have weighed in on AXP. Stephens set a $89.00 target price on American Express and gave the company a “hold” rating in a report on Thursday, October 19th. Buckingham Research started coverage on American Express in a report on Monday, October 2nd. They set a “neutral” rating and a $92.00 price objective on the stock. Keefe, Bruyette & Woods set a $95.00 price objective on American Express and gave the company a “buy” rating in a report on Saturday, August 19th. BidaskClub raised American Express from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Jefferies Group LLC reissued an “in-line” rating and set a $93.00 price objective (up previously from $85.00) on shares of American Express in a report on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. American Express presently has a consensus 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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