McLean Asset Management Corp Has $758,000 Stock Position in American Express (NYSE:AXP)

McLean Asset Management Corp raised its position in American Express (NYSE:AXP) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,554 shares of the payment services company’s stock after acquiring an additional 142 shares during the period. McLean Asset Management Corp’s holdings in American Express were worth $758,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AXP. International Assets Investment Management LLC lifted its position in shares of American Express by 26,783.5% during the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after buying an additional 906,353 shares during the period. FMR LLC lifted its position in shares of American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after buying an additional 866,110 shares during the period. Pathway Financial Advisers LLC raised its position in American Express by 59,816.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock valued at $185,079,000 after purchasing an additional 681,304 shares during the last quarter. World Investment Advisors LLC raised its position in American Express by 35,213.7% in the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after purchasing an additional 316,219 shares during the last quarter. Finally, National Bank of Canada FI raised its position in American Express by 73.7% in the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after purchasing an additional 300,138 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of several research reports. Wells Fargo & Company lifted their target price on American Express from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. HSBC lifted their target price on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research note on Friday. Hsbc Global Res cut American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Finally, Monness Crespi & Hardt lifted their price objective on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $282.36.

American Express Price Performance

American Express stock opened at $320.87 on Monday. American Express has a 12 month low of $186.43 and a 12 month high of $326.27. The stock’s 50 day moving average is $302.35 and its 200-day moving average is $275.17. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $226.04 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.51 and a beta of 1.23.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. Equities research analysts expect that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is presently 20.60%.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.