Sumitomo Life Insurance Co. Has $3.60 Million Stake in American Express (NYSE:AXP)
Sumitomo Life Insurance Co. boosted its stake in American Express (NYSE:AXP) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,902 shares of the payment services company’s stock after purchasing an additional 1,409 shares during the period. Sumitomo Life Insurance Co.’s holdings in American Express were worth $3,598,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AXP. Arjuna Capital increased its holdings in American Express by 2.3% in the second quarter. Arjuna Capital now owns 14,329 shares of the payment services company’s stock valued at $1,769,000 after purchasing an additional 328 shares during the period. Man Group plc grew its holdings in American Express by 352.8% during the 2nd quarter. Man Group plc now owns 50,043 shares of the payment services company’s stock worth $6,177,000 after acquiring an additional 38,992 shares during the period. Marshall Wace LLP grew its holdings in American Express by 352.8% during the 2nd quarter. Marshall Wace LLP now owns 8,155 shares of the payment services company’s stock worth $1,007,000 after acquiring an additional 6,354 shares during the period. Victory Capital Management Inc. grew its holdings in American Express by 20.3% during the 2nd quarter. Victory Capital Management Inc. now owns 57,371 shares of the payment services company’s stock worth $7,082,000 after acquiring an additional 9,684 shares during the period. Finally, Centaurus Financial Inc. grew its holdings in American Express by 1,108.7% during the 2nd quarter. Centaurus Financial Inc. now owns 1,523 shares of the payment services company’s stock worth $188,000 after acquiring an additional 1,397 shares during the period. Institutional investors and hedge funds own 84.10% of the company’s stock.
In related news, CEO Stephen J. Squeri sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $117.96, for a total value of $1,769,400.00. Following the transaction, the chief executive officer now owns 184,090 shares of the company’s stock, valued at approximately $21,715,256.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.
Shares of AXP traded up $2.79 during trading hours on Friday, hitting $134.16. The stock had a trading volume of 5,800,390 shares, compared to its average volume of 2,432,110. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a 50 day simple moving average of $125.64 and a 200-day simple moving average of $121.89. The firm has a market capitalization of $107.59 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05. American Express has a 1-year low of $99.38 and a 1-year high of $132.27.
American Express (NYSE:AXP) last issued its earnings results on Friday, January 24th. The payment services company reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.03. The company had revenue of $11.37 billion during the quarter, compared to the consensus estimate of $11.36 billion. American Express had a return on equity of 29.68% and a net margin of 16.51%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.84 EPS. Equities analysts predict that American Express will post 8.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from American Express’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a dividend yield of 1.28%. American Express’s dividend payout ratio (DPR) is currently 23.47%.
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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