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.
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%.
TRADEMARK VIOLATION NOTICE: “American Express (NYSE:AXP) Shares Sold by Nwam LLC” was first posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/05/12/american-express-axp-shares-sold-by-nwam-llc.html.
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.
Recommended Story: How is an ETF different from a mutual fund?
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.