Peoples Financial Services CORP. lessened its holdings in American Express (NYSE:AXP) by 0.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,364 shares of the payment services company’s stock after selling 100 shares during the period. American Express comprises approximately 1.4% of Peoples Financial Services CORP.’s portfolio, making the stock its 18th biggest position. Peoples Financial Services CORP.’s holdings in American Express were worth $2,772,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Lake Point Wealth Management purchased a new stake in shares of American Express during the fourth quarter worth $201,000. Wisconsin Capital Management LLC purchased a new stake in shares of American Express during the fourth quarter worth $3,241,000. CI Investments Inc. raised its holdings in shares of American Express by 17.8% during the fourth quarter. CI Investments Inc. now owns 499,737 shares of the payment services company’s stock worth $47,635,000 after acquiring an additional 75,400 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of American Express by 33.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 516,907 shares of the payment services company’s stock worth $49,268,000 after acquiring an additional 129,701 shares in the last quarter. Finally, Abner Herrman & Brock LLC raised its holdings in shares of American Express by 3.0% during the fourth quarter. Abner Herrman & Brock LLC now owns 160,531 shares of the payment services company’s stock worth $15,302,000 after acquiring an additional 4,634 shares in the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.
NYSE AXP opened at $113.67 on Monday. American Express has a fifty-two week low of $89.05 and a fifty-two week high of $114.55. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.93 and a current ratio of 2.24. The stock has a market cap of $95.87 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 1.31 and a beta of 1.11.
American Express (NYSE:AXP) last posted its earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.01. American Express had a return on equity of 29.94% and a net margin of 16.60%. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.46 billion. During the same period last year, the company earned $1.86 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Analysts anticipate that American Express will post 8.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.37%. American Express’s payout ratio is presently 21.28%.
Several brokerages recently issued reports on AXP. Bank of America reiterated a “neutral” rating and set a $108.00 price objective on shares of American Express in a report on Thursday, March 14th. Oppenheimer set a $119.00 price objective on American Express and gave the stock a “buy” rating in a report on Wednesday, April 17th. DZ Bank lowered American Express from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Wells Fargo & Co reiterated a “buy” rating and set a $125.00 price objective (up from $115.00) on shares of American Express in a report on Tuesday, March 12th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $93.00 price objective on shares of American Express in a report on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $112.13.
In other news, EVP Richard Petrino sold 2,444 shares of American Express stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $107.11, for a total value of $261,776.84. Following the transaction, the executive vice president now directly owns 7,591 shares in the company, valued at $813,072.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Stephen J. Squeri sold 12,500 shares of American Express stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $103.02, for a total value of $1,287,750.00. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.
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American Express 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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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