Elevated Capital Advisors LLC Invests $214,000 in American Express (NYSE:AXP)

Elevated Capital Advisors LLC bought a new position in shares of American Express (NYSE:AXP) during the 4th quarter, HoldingsChannel reports. The fund bought 1,720 shares of the payment services company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Command Financial Services Inc. raised its stake in American Express by 6.1% in the third quarter. First Command Financial Services Inc. now owns 2,156 shares of the payment services company’s stock worth $255,000 after buying an additional 124 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in American Express in the third quarter worth $308,000. Navellier & Associates Inc grew its holdings in American Express by 3.3% in the third quarter. Navellier & Associates Inc now owns 3,132 shares of the payment services company’s stock worth $370,000 after purchasing an additional 100 shares during the last quarter. Vigilant Capital Management LLC grew its holdings in American Express by 50.0% in the third quarter. Vigilant Capital Management LLC now owns 600 shares of the payment services company’s stock worth $71,000 after purchasing an additional 200 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in American Express by 6.5% in the third quarter. Wealthcare Advisory Partners LLC now owns 1,692 shares of the payment services company’s stock worth $200,000 after purchasing an additional 104 shares during the last quarter. 84.23% of the stock is currently owned by institutional investors.

In other American Express news, CEO Stephen J. Squeri sold 15,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $117.96, for a total transaction of $1,769,400.00. Following the transaction, the chief executive officer now directly owns 184,090 shares of the company’s stock, valued at approximately $21,715,256.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laureen Seeger sold 27,571 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $136.04, for a total transaction of $3,750,758.84. Following the transaction, the insider now directly owns 53,739 shares in the company, valued at $7,310,653.56. The disclosure for this sale can be found here. Insiders have sold a total of 96,639 shares of company stock worth $12,649,661 over the last three months. 0.21% of the stock is currently owned by insiders.

American Express stock opened at $135.87 on Friday. The firm has a market cap of $110.02 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.42 and a beta of 0.99. American Express has a 52-week low of $106.32 and a 52-week high of $138.13. The company has a quick ratio of 1.86, a current ratio of 2.41 and a debt-to-equity ratio of 2.52. The company’s 50 day moving average is $129.49 and its two-hundred day moving average is $122.49.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $2.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.03. American Express had a net margin of 15.44% and a return on equity of 30.24%. The business had revenue of $11.37 billion for the quarter, compared to analyst estimates of $11.36 billion. During the same period last year, the business earned $1.84 EPS. The company’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that American Express will post 9.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.27%. This is a positive change from American Express’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, January 2nd. American Express’s dividend payout ratio (DPR) is presently 20.98%.

AXP has been the topic of several analyst reports. ValuEngine lowered shares of American Express from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th. Nomura lifted their price target on shares of American Express from $141.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Cfra reissued a “hold” rating on shares of American Express in a report on Friday, October 18th. Wells Fargo & Co upped their price target on shares of American Express from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Finally, Morgan Stanley upped their price target on shares of American Express from $149.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $137.04.

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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