Usca Ria LLC Boosts Stock Position in American Express (NYSE:AXP)


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Usca Ria LLC boosted its holdings in shares of American Express (NYSE:AXP) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,307 shares of the payment services company’s stock after purchasing an additional 119 shares during the quarter. Usca Ria LLC’s holdings in American Express were worth $892,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Gofen & Glossberg LLC IL increased its holdings in shares of American Express by 0.4% in the 1st quarter. Gofen & Glossberg LLC IL now owns 388,571 shares of the payment services company’s stock valued at $54,960,000 after acquiring an additional 1,399 shares during the last quarter. Baxter Bros Inc. increased its holdings in shares of American Express by 2.3% in the 4th quarter. Baxter Bros Inc. now owns 69,901 shares of the payment services company’s stock valued at $8,452,000 after acquiring an additional 1,569 shares during the last quarter. ZWJ Investment Counsel Inc. increased its holdings in shares of American Express by 3.3% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 235,872 shares of the payment services company’s stock valued at $28,519,000 after acquiring an additional 7,449 shares during the last quarter. Nixon Capital LLC bought a new stake in shares of American Express in the 4th quarter valued at approximately $10,974,000. Finally, KCS Wealth Advisory increased its holdings in shares of American Express by 5.1% in the 4th quarter. KCS Wealth Advisory now owns 5,664 shares of the payment services company’s stock valued at $685,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 83.54% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on American Express from $166.00 to $171.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company boosted their price objective on American Express from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, April 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on American Express from $131.00 to $158.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upgraded American Express from an “underweight” rating to an “overweight” rating and set a $148.00 price objective for the company in a research report on Tuesday, January 19th. Finally, Credit Suisse Group reduced their price objective on American Express from $120.00 to $115.00 and set an “underperform” rating for the company in a research report on Wednesday, January 27th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $126.33.

Shares of American Express stock opened at $154.80 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.05. The firm has a market cap of $124.35 billion, a price-to-earnings ratio of 38.41, a price-to-earnings-growth ratio of 3.27 and a beta of 1.36. The business has a fifty day simple moving average of $146.00 and a 200-day simple moving average of $126.68. American Express has a fifty-two week low of $76.00 and a fifty-two week high of $156.05.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 22nd. The payment services company reported $2.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $1.13. The business had revenue of $9.06 billion during the quarter, compared to analyst estimates of $9.19 billion. American Express had a return on equity of 21.31% and a net margin of 8.84%. The company’s revenue was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Analysts anticipate that American Express will post 4.85 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Monday, May 10th. Stockholders of record on Friday, April 2nd will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, March 31st. This represents a dividend yield of 1.2%. American Express’s dividend payout ratio (DPR) is 20.98%.

In other news, insider Anre D. Williams sold 59,352 shares of the business’s stock in a transaction on Friday, March 5th. The stock was sold at an average price of $145.88, for a total transaction of $8,658,269.76. Following the sale, the insider now directly owns 85,522 shares of the company’s stock, valued at $12,475,949.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas E. Buckminster sold 32,833 shares of the business’s stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $146.08, for a total value of $4,796,244.64. Following the sale, the insider now directly owns 111,247 shares in the company, valued at $16,250,961.76. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

American Express Company 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; accounts payable expense management products and services; and travel and lifestyle services.

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

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