Brasada Capital Management LP Invests $667,000 in American Express (AXP) Stock

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Brasada Capital Management LP bought a new position in shares of American Express (NYSE:AXP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,000 shares of the payment services company’s stock, valued at approximately $667,000.

A number of other institutional investors also recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in American Express by 10.0% during the fourth quarter. Parallel Advisors LLC now owns 10,479 shares of the payment services company’s stock worth $998,000 after buying an additional 949 shares during the period. Daiwa Securities Group Inc. lifted its holdings in American Express by 5.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 95,731 shares of the payment services company’s stock worth $9,121,000 after buying an additional 5,193 shares during the period. Trustcore Financial Services LLC lifted its holdings in American Express by 51.7% during the fourth quarter. Trustcore Financial Services LLC now owns 1,878 shares of the payment services company’s stock worth $179,000 after buying an additional 640 shares during the period. Exane Asset Management purchased a new stake in shares of American Express during the 4th quarter valued at $77,000. Finally, Comerica Securities Inc. lifted its holdings in shares of American Express by 5.3% during the 4th quarter. Comerica Securities Inc. now owns 5,582 shares of the payment services company’s stock valued at $532,000 after purchasing an additional 279 shares during the last quarter. Institutional investors own 83.70% of the company’s stock.

NYSE AXP opened at $107.56 on Thursday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.88 and a current ratio of 2.22. American Express has a 1 year low of $89.05 and a 1 year high of $114.55. The firm has a market capitalization of $89.72 billion, a P/E ratio of 14.67, a PEG ratio of 1.22 and a beta of 1.12.

American Express (NYSE:AXP) last released its earnings results on Thursday, January 17th. The payment services company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.06). American Express had a net margin of 17.08% and a return on equity of 30.45%. The firm had revenue of $10.47 billion during the quarter, compared to analyst estimates of $10.54 billion. During the same period in the previous year, the company earned $1.58 earnings per share. American Express’s revenue was up 7.9% on a year-over-year basis. On average, analysts expect that American Express will post 8.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Friday, January 4th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Thursday, January 3rd. American Express’s payout ratio is 21.28%.

In related news, Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Several analysts have recently commented on AXP shares. Morgan Stanley increased their price objective on American Express from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, October 19th. Bank of America set a $108.00 price objective on American Express and gave the company a “hold” rating in a report on Friday, January 18th. Stephens set a $131.00 price objective on American Express and gave the company a “buy” rating in a report on Saturday, October 20th. Atlantic Securities upgraded American Express from a “neutral” rating to an “overweight” rating and set a $100.80 price objective for the company in a report on Tuesday, January 29th. Finally, Barclays increased their price objective on American Express from $113.00 to $115.00 and gave the company a “hold” rating in a report on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $110.99.

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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 four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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

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