American Express (NYSE:AXP) Shares Sold by Nwam LLC

Nwam LLC decreased its position in shares of American Express (NYSE:AXP) by 27.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,068 shares of the payment services company’s stock after selling 775 shares during the quarter. Nwam LLC’s holdings in American Express were worth $226,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pearl River Capital LLC acquired a new stake in American Express during the 4th quarter valued at approximately $25,000. JNBA Financial Advisors acquired a new stake in American Express in the 4th quarter valued at $26,000. Clarfeld Financial Advisors LLC acquired a new stake in American Express in the 4th quarter valued at $31,000. Capital Investment Advisory Services LLC acquired a new stake in American Express in the 4th quarter valued at $37,000. Finally, Vigilant Capital Management LLC acquired a new stake in American Express in the 4th quarter valued at $38,000. 85.87% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on AXP. Zacks Investment Research downgraded shares of American Express from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of American Express in a research note on Friday, May 3rd. Oppenheimer set a $119.00 target price on American Express and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Morgan Stanley lifted their target price on American Express from $113.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Monday, April 22nd. Finally, Wells Fargo & Co restated a “buy” rating and issued a $125.00 price objective (up from $115.00) on shares of American Express in a research note on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $116.63.

In related news, insider Michael John O’neill sold 15,749 shares of the company’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 sale, the insider now directly owns 69,941 shares of the company’s stock, valued at $7,969,077.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Richard Petrino sold 2,444 shares of the company’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 in the company, valued at $813,072.01. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

NYSE:AXP traded up $1.20 during mid-day trading on Friday, reaching $118.46. The stock had a trading volume of 2,435,122 shares, compared to its average volume of 3,166,356. The company has a market capitalization of $97.92 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.35 and a beta of 1.13. American Express has a one year low of $89.05 and a one year high of $119.65. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.88 and a quick ratio of 1.88.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 18th. The payment services company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.01. American Express had a return on equity of 29.86% and a net margin of 16.60%. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.46 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that American Express will post 8.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.32%. American Express’s dividend payout ratio is presently 21.28%.

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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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