Moody National Bank Trust Division Has $13.08 Million Position in American Express (NYSE:AXP)

Moody National Bank Trust Division trimmed its position in American Express (NYSE:AXP) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,673 shares of the payment services company’s stock after selling 340 shares during the quarter. Moody National Bank Trust Division’s holdings in American Express were worth $13,081,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in American Express by 0.7% in the 3rd 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 raised its position in American Express by 0.7% in the 3rd 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 position in shares of American Express by 0.7% during the 4th quarter. BlackRock Inc. now owns 45,477,488 shares of the payment services company’s stock worth $4,334,916,000 after purchasing an additional 300,504 shares during the last quarter. FMR LLC boosted its stake in shares of American Express by 49.5% during the 4th quarter. FMR LLC now owns 24,583,840 shares of the payment services company’s stock worth $2,343,332,000 after acquiring an additional 8,136,470 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of American Express by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 10,681,552 shares of the payment services company’s stock worth $1,018,166,000 after acquiring an additional 323,809 shares during the period. Institutional investors own 84.95% of the company’s stock.

In other American Express news, EVP Richard Petrino sold 2,444 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was 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 directly owns 7,591 shares of the company’s stock, valued at $813,072.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael John O’neill sold 15,749 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total value of $1,794,441.06. Following the completion of the sale, the insider now directly owns 69,941 shares of the company’s stock, valued at $7,969,077.54. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Shares of NYSE AXP traded up $2.10 during trading on Friday, reaching $119.35. The company had a trading volume of 2,856,165 shares, compared to its average volume of 3,507,654. American Express has a 12 month low of $89.05 and a 12 month high of $119.65. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $99.67 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.13.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 18th. The payment services company reported $2.01 EPS for the quarter, beating the consensus estimate of $2.00 by $0.01. The company 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 29.86% and a net margin of 16.60%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.86 EPS. As a group, analysts forecast that American Express will post 8.15 earnings per share for the current fiscal 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s payout ratio is 21.28%.

Several analysts recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of American Express in a research report on Friday. Bank of America reiterated a “neutral” rating and set a $108.00 target price on shares of American Express in a research report on Thursday, March 14th. Morgan Stanley upgraded American Express from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $123.00 to $140.00 in a research report on Thursday, April 25th. Atlantic Securities raised American Express from a “neutral” rating to an “overweight” rating and set a $100.80 price target for the company in a report on Tuesday, January 29th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $125.00 price target (up previously from $115.00) on shares of American Express in a report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $116.63.

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

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