Integrated Investment Consultants LLC boosted its stake in American Express (NYSE:AXP) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,696 shares of the payment services company’s stock after purchasing an additional 385 shares during the period. Integrated Investment Consultants LLC’s holdings in American Express were worth $257,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Vigilant Capital Management LLC purchased a new position in shares of American Express during the 4th quarter valued at $38,000. Contravisory Investment Management Inc. lifted its stake in shares of American Express by 187.7% during the 4th quarter. Contravisory Investment Management Inc. now owns 446 shares of the payment services company’s stock valued at $43,000 after buying an additional 291 shares in the last quarter. Financial Advantage Inc. purchased a new stake in American Express in the 4th quarter worth $64,000. IMS Capital Management purchased a new stake in American Express in the 3rd quarter worth $75,000. Finally, Ironwood Financial llc lifted its stake in American Express by 19.4% in the 4th quarter. Ironwood Financial llc now owns 731 shares of the payment services company’s stock worth $70,000 after purchasing an additional 119 shares in the last quarter. 83.70% of the stock is owned by institutional investors and hedge funds.
AXP has been the topic of several research analyst reports. Oppenheimer set a $114.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Monday, November 5th. Stephens set a $131.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Saturday, October 20th. Bank of America set a $125.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Friday, October 19th. Nomura boosted their price target on shares of American Express from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, October 19th. Finally, Morgan Stanley upped their target price on shares of American Express from $109.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, October 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $110.84.
Shares of AXP stock opened at $104.52 on Monday. The stock has a market cap of $89.29 billion, a PE ratio of 14.26, a P/E/G ratio of 1.22 and a beta of 1.12. American Express has a 1-year low of $87.54 and a 1-year high of $114.55. 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 (NYSE:AXP) last announced its quarterly earnings data on Thursday, January 17th. The payment services company reported $1.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.06). The company had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.54 billion. American Express had a return on equity of 30.45% and a net margin of 17.08%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 earnings per share. Analysts forecast that American Express will post 8.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Friday, January 4th were issued a dividend of $0.39 per share. The ex-dividend date was Thursday, January 3rd. This represents a $1.56 annualized dividend and a dividend yield of 1.49%. American Express’s payout ratio is currently 21.28%.
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American Express Company 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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