American Express (AXP) Shares Bought by Oakbrook Investments LLC

Oakbrook Investments LLC increased its holdings in shares of American Express (NYSE:AXP) by 12.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 43,630 shares of the payment services company’s stock after purchasing an additional 4,785 shares during the period. Oakbrook Investments LLC’s holdings in American Express were worth $4,769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wesbanco Bank Inc. raised its holdings in American Express by 2.3% in the 4th quarter. Wesbanco Bank Inc. now owns 4,458 shares of the payment services company’s stock valued at $425,000 after acquiring an additional 100 shares in the last quarter. Bremer Trust National Association raised its holdings in American Express by 2.6% in the 4th quarter. Bremer Trust National Association now owns 3,991 shares of the payment services company’s stock valued at $380,000 after acquiring an additional 100 shares in the last quarter. Rockland Trust Co. raised its holdings in American Express by 1.6% in the 1st quarter. Rockland Trust Co. now owns 6,169 shares of the payment services company’s stock valued at $674,000 after acquiring an additional 100 shares in the last quarter. Acropolis Investment Management LLC raised its holdings in American Express by 1.0% in the 1st quarter. Acropolis Investment Management LLC now owns 10,601 shares of the payment services company’s stock valued at $1,159,000 after acquiring an additional 100 shares in the last quarter. Finally, Private Ocean LLC raised its holdings in American Express by 7.3% in the 4th quarter. Private Ocean LLC now owns 1,521 shares of the payment services company’s stock valued at $145,000 after acquiring an additional 104 shares in the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.

AXP has been the topic of several analyst reports. Bank of America set a $108.00 price objective on American Express and gave the company a “hold” rating in a research note on Friday, January 18th. Atlantic Securities upgraded American Express from a “neutral” rating to an “overweight” rating and set a $100.80 price objective on the stock in a research note on Tuesday, January 29th. DZ Bank lowered American Express from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Morgan Stanley lowered their price objective on American Express from $113.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 8th. Finally, Zacks Investment Research lowered American Express from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. American Express currently has an average rating of “Hold” and a consensus target price of $112.13.

In related news, EVP Richard Petrino sold 2,444 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $107.11, for a total transaction of $261,776.84. Following the sale, the executive vice president now directly owns 7,591 shares in the company, valued at approximately $813,072.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Stephen J. Squeri sold 12,500 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $103.02, for a total value of $1,287,750.00. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

AXP stock opened at $113.67 on Friday. American Express has a 1-year low of $89.05 and a 1-year high of $114.55. The company has a market capitalization of $95.87 billion, a PE ratio of 15.51, a P/E/G ratio of 1.31 and a beta of 1.11. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.93 and a current ratio of 2.24.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 18th. The payment services company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.01. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.46 billion. American Express had a return on equity of 29.94% and a net margin of 16.60%. American Express’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 EPS. Analysts forecast that American Express will post 8.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 5th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.56 dividend on an annualized basis and a yield of 1.37%. American Express’s dividend payout ratio (DPR) is presently 21.28%.

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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.

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

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