Vaughan David Investments LLC IL reduced its position in shares of American Express (NYSE:AXP) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 249,764 shares of the payment services company’s stock after selling 575 shares during the quarter. American Express comprises 1.1% of Vaughan David Investments LLC IL’s holdings, making the stock its 29th biggest position. Vaughan David Investments LLC IL’s holdings in American Express were worth $23,808,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new stake in shares of American Express in the 4th quarter valued at about $578,000. Level Four Advisory Services LLC grew its position in shares of American Express by 19.5% in the 4th quarter. Level Four Advisory Services LLC now owns 6,076 shares of the payment services company’s stock valued at $579,000 after purchasing an additional 991 shares during the period. LPL Financial LLC grew its position in shares of American Express by 17.6% in the 4th quarter. LPL Financial LLC now owns 142,419 shares of the payment services company’s stock valued at $13,575,000 after purchasing an additional 21,317 shares during the period. BancorpSouth Bank grew its position in shares of American Express by 9.4% in the 4th quarter. BancorpSouth Bank now owns 26,389 shares of the payment services company’s stock valued at $2,516,000 after purchasing an additional 2,270 shares during the period. Finally, Lindbrook Capital LLC acquired a new position in shares of American Express in the 4th quarter valued at approximately $63,000. 82.70% of the stock is owned by hedge funds and other institutional investors.
In other American Express news, EVP Richard Petrino sold 2,444 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $107.11, for a total transaction of $261,776.84. Following the completion of the transaction, the executive vice president now owns 7,591 shares of the company’s stock, valued at approximately $813,072.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
NYSE:AXP opened at $107.44 on Friday. American Express has a twelve month low of $89.05 and a twelve month high of $114.55. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.93 and a quick ratio of 1.93. The company has a market cap of $90.61 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 1.26 and a beta of 1.12.
American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, January 17th. The payment services company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.06). American Express had a return on equity of 30.35% and a net margin of 17.08%. The firm had revenue of $10.47 billion for the quarter, compared to analyst estimates of $10.54 billion. During the same period last year, the company earned $1.58 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that American Express will post 8.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 8th. Shareholders of record on Friday, January 4th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, January 3rd. American Express’s dividend payout ratio (DPR) is currently 21.28%.
Several brokerages recently issued reports on AXP. Wells Fargo & Co decreased their price objective on American Express from $122.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, January 3rd. Buckingham Research lowered American Express from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research report on Thursday, November 29th. They noted that the move was a valuation call. 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 research report on Tuesday, January 29th. Zacks Investment Research lowered American Express from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Finally, William Blair reiterated an “outperform” rating on shares of American Express in a research report on Friday, December 14th. 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. The stock has an average rating of “Hold” and an average target price of $110.99.
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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