YHB Investment Advisors Inc. Sells 1,135 Shares of American Express Company (AXP)
YHB Investment Advisors Inc. lessened its holdings in American Express Company (NYSE:AXP) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,467 shares of the payment services company’s stock after selling 1,135 shares during the quarter. YHB Investment Advisors Inc.’s holdings in American Express were worth $1,139,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of American Express by 30.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after purchasing an additional 300 shares during the last quarter. Capital Analysts LLC purchased a new stake in shares of American Express during the 2nd quarter worth $115,000. Zions Bancorporation lifted its position in shares of American Express by 912.9% during the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after purchasing an additional 1,205 shares during the last quarter. MV Capital Management Inc. lifted its position in shares of American Express by 3.5% during the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after purchasing an additional 49 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in shares of American Express by 0.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after purchasing an additional 8 shares during the last quarter. 83.36% of the stock is owned by institutional investors.
American Express Company (NYSE:AXP) traded up $0.24 during midday trading on Tuesday, reaching $100.97. 3,231,500 shares of the company’s stock were exchanged, compared to its average volume of 2,725,133. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $88,140.00, a price-to-earnings ratio of 19.49, a PEG ratio of 1.46 and a beta of 1.22. American Express Company has a one year low of $75.39 and a one year high of $101.65.
American Express (NYSE:AXP) last posted its quarterly earnings data 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. The company had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. American Express’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 earnings per share. research analysts anticipate that American Express Company will post 5.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be paid a $0.35 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.39%. American Express’s dividend payout ratio is presently 27.03%.
Several equities research analysts have recently issued reports on AXP shares. Credit Suisse Group reaffirmed an “underperform” rating and set a $84.00 price objective (up from $79.00) on shares of American Express in a research report on Thursday, October 19th. ValuEngine cut shares of American Express from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Wells Fargo & Co reaffirmed an “outperform” rating and set a $115.00 price objective (up from $105.00) on shares of American Express in a research report on Tuesday, January 9th. Bank of America reaffirmed a “buy” rating and set a $102.00 price objective on shares of American Express in a research report on Monday, October 9th. Finally, Morgan Stanley lifted their price objective on shares of American Express from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $98.96.
In other American Express news, insider Anre D. Williams sold 30,761 shares of American Express stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total value of $2,873,385.01. Following the transaction, the insider now directly owns 28,720 shares in the company, valued at $2,682,735.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Peter Bush sold 12,789 shares of American Express stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the completion of the transaction, the insider now owns 92,504 shares in the company, valued at $9,199,522.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 442,869 shares of company stock worth $42,823,869. 0.67% of the stock is currently owned by company insiders.
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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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