Swedbank Boosts Holdings in American Express (NYSE:AXP)

Swedbank increased its holdings in American Express (NYSE:AXP) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 990,735 shares of the payment services company’s stock after acquiring an additional 14,340 shares during the quarter. Swedbank’s holdings in American Express were worth $118,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of American Express by 1.8% during the 3rd quarter. BlackRock Inc. now owns 46,354,047 shares of the payment services company’s stock worth $4,646,992,000 after acquiring an additional 816,309 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of American Express by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 14,982,300 shares of the payment services company’s stock worth $1,811,510,000 after acquiring an additional 377,871 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of American Express by 5.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,188,788 shares of the payment services company’s stock worth $1,121,676,000 after acquiring an additional 617,636 shares in the last quarter. Morgan Stanley raised its holdings in shares of American Express by 1.7% during the 3rd quarter. Morgan Stanley now owns 8,662,806 shares of the payment services company’s stock worth $868,446,000 after acquiring an additional 148,905 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd raised its holdings in shares of American Express by 0.6% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 4,642,180 shares of the payment services company’s stock worth $561,286,000 after acquiring an additional 28,477 shares in the last quarter. 83.54% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Morgan Stanley decreased their price target on American Express from $175.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, January 27th. Wells Fargo & Company increased their price target on American Express from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, January 4th. Deutsche Bank Aktiengesellschaft increased their price target on American Express from $108.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, January 6th. Oppenheimer decreased their price target on American Express from $136.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, January 27th. Finally, Barclays upgraded American Express from an “equal weight” rating to a “positive” rating and increased their price target for the company from $114.00 to $132.00 in a report on Thursday, December 10th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $119.92.

American Express stock opened at $137.19 on Tuesday. The stock has a 50-day moving average of $124.01 and a two-hundred day moving average of $111.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.47 and a current ratio of 1.47. American Express has a one year low of $67.00 and a one year high of $136.47. The stock has a market cap of $110.52 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.27 and a beta of 1.36.

American Express (NYSE:AXP) last announced its quarterly earnings data on Monday, January 25th. The payment services company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.50. American Express had a return on equity of 21.31% and a net margin of 8.84%. The firm had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $9.32 billion. During the same period last year, the business posted $2.03 earnings per share. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, sell-side analysts predict that American Express will post 4.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 10th. Stockholders of record on Friday, January 8th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, January 7th. American Express’s payout ratio is 20.98%.

American Express Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; expense management products and services; and lifestyle services.

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

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