American Express (NYSE:AXP) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. trimmed its position in shares of American Express (NYSE:AXP) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,609 shares of the payment services company’s stock after selling 19,269 shares during the period. Macquarie Group Ltd.’s holdings in American Express were worth $30,175,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AXP. Vanguard Group Inc. increased its holdings in American Express by 0.7% in the third quarter. Vanguard Group Inc. now owns 49,872,420 shares of the payment services company’s stock valued at $5,310,914,000 after buying an additional 364,282 shares during the last quarter. Vanguard Group Inc increased its holdings in American Express by 0.7% in the third quarter. Vanguard Group Inc now owns 49,872,420 shares of the payment services company’s stock valued at $5,310,914,000 after buying an additional 364,282 shares during the last quarter. BlackRock Inc. increased its holdings in American Express by 0.7% in the fourth quarter. BlackRock Inc. now owns 45,477,488 shares of the payment services company’s stock valued at $4,334,916,000 after buying an additional 300,504 shares during the last quarter. Fisher Asset Management LLC increased its holdings in American Express by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 10,681,552 shares of the payment services company’s stock valued at $1,018,166,000 after buying an additional 323,809 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in American Express by 1.9% in the fourth quarter. Northern Trust Corp now owns 9,705,630 shares of the payment services company’s stock valued at $925,141,000 after buying an additional 180,361 shares during the last quarter. Institutional investors own 84.86% of the company’s stock.

Shares of AXP opened at $113.67 on Monday. American Express has a fifty-two week low of $89.05 and a fifty-two week high of $114.55. The stock has a market cap of $95.87 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.31 and a beta of 1.11. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.24 and a quick ratio of 1.93.

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

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

Several equities analysts recently commented on the company. Wells Fargo & Co dropped their target price on American Express from $122.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, January 3rd. Bank of America reaffirmed a “neutral” rating and set a $108.00 price objective on shares of American Express in a report on Thursday, March 14th. Zacks Investment Research lowered American Express from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Atlantic Securities raised American Express from a “neutral” rating to an “overweight” rating and set a $100.80 price objective on the stock in a report on Tuesday, January 29th. Finally, DZ Bank lowered American Express from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $112.13.

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

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About American Express

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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