Sandy Spring Bank raised its holdings in shares of American Express (NYSE:AXP) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,213 shares of the payment services company’s stock after acquiring an additional 7,619 shares during the quarter. Sandy Spring Bank’s holdings in American Express were worth $7,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Advisor Partners LLC boosted its stake in shares of American Express by 0.3% during the 4th quarter. Advisor Partners LLC now owns 24,629 shares of the payment services company’s stock worth $3,197,000 after purchasing an additional 78 shares during the last quarter. Tiedemann Advisors LLC boosted its stake in shares of American Express by 0.9% during the 3rd quarter. Tiedemann Advisors LLC now owns 9,670 shares of the payment services company’s stock worth $1,143,000 after purchasing an additional 85 shares during the last quarter. Titus Wealth Management boosted its stake in shares of American Express by 3.2% during the 3rd quarter. Titus Wealth Management now owns 2,815 shares of the payment services company’s stock worth $333,000 after purchasing an additional 86 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in shares of American Express by 10.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 942 shares of the payment services company’s stock worth $117,000 after purchasing an additional 86 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. boosted its stake in shares of American Express by 1.0% during the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 8,544 shares of the payment services company’s stock worth $1,011,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 84.23% of the company’s stock.

In related news, insider Raymond Joabar sold 4,531 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $132.29, for a total value of $599,405.99. Following the sale, the insider now directly owns 5,615 shares of the company’s stock, valued at $742,808.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laureen Seeger sold 27,571 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $136.04, for a total transaction of $3,750,758.84. Following the completion of the sale, the insider now directly owns 53,739 shares in the company, valued at $7,310,653.56. The disclosure for this sale can be found here. Insiders sold 96,639 shares of company stock worth $12,649,661 over the last three months. Corporate insiders own 0.21% of the company’s stock.

Shares of AXP traded up $1.39 during mid-day trading on Friday, hitting $135.85. The company had a trading volume of 245,058 shares, compared to its average volume of 3,139,278. The business’s 50-day simple moving average is $129.30 and its 200-day simple moving average is $122.45. The company has a quick ratio of 1.86, a current ratio of 2.41 and a debt-to-equity ratio of 2.52. American Express has a 1-year low of $106.24 and a 1-year high of $138.13. The stock has a market cap of $108.21 billion, a PE ratio of 17.03, a P/E/G ratio of 1.40 and a beta of 0.99.

American Express (NYSE:AXP) last released its earnings results on Friday, January 24th. The payment services company reported $2.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.03. American Express had a net margin of 15.44% and a return on equity of 30.24%. The business had revenue of $11.37 billion for the quarter, compared to analysts’ expectations of $11.36 billion. During the same period last year, the company earned $1.84 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts expect that American Express will post 9.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were given a $0.43 dividend. The ex-dividend date was Thursday, January 2nd. This is a boost from American Express’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a dividend yield of 1.27%. American Express’s dividend payout ratio (DPR) is currently 20.98%.

AXP has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $144.00 price target on shares of American Express in a research note on Monday, January 27th. Stephens cut shares of American Express from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $136.00 to $144.00 in a research note on Monday, January 27th. They noted that the move was a valuation call. Wells Fargo & Co raised their price target on shares of American Express from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Credit Suisse Group raised their price target on shares of American Express from $115.00 to $120.00 and gave the stock an “underperform” rating in a research note on Monday, January 27th. Finally, Nomura raised their price target on shares of American Express from $141.00 to $148.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. American Express has a consensus rating of “Hold” and an average price target of $137.04.

American Express Company 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.

See Also: Balance Sheet

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

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